Dernières nouvelles pour Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright

Curtiss-Wright Corporation delivers engineered products and services to commercial, defence, power generation, and other industrial markets. It offers industrial vehicle components, control systems and weapons handling systems, pumps, valves, and other solutions. The diversified global company attempts to deliver products on high-performance platforms that require technical sophistication. It has three operating segments based on the markets serviced: Naval & Power which provides coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, valves, control rod drive mechanisms, and fastening systems also generate the majority of revenue for the company; Its others segments are Aerospace & Industrial and Defense Electronics.

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HEICO Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) recently signed a contract to acquire Marway Power Solutions, Inc. The acquiree provides the design and construction of power distribution solutions for mission-critical systems used in defense, aerospace, communications, test and measurement, and industrial applications on land, sea and air.
Per the deal, HEI bought 92.5% of Marway for cash. HEICO indicated that the transaction would be accretive to its earnings within one year of the buyout.
<h2>How Will the Buyout Benefit HEICO?</h2>
Marway&#39;s acquisition is expected to strengthen HEICO&#39;s footprint in the aerospace and defense industry, particularly in power distribution solutions for mission-critical systems. It develops and produces power distribution solutions in both standard rackmount and customized enclosures. Marway provides a variety of products, including transformers, switchgear and customized solutions adapted to specific sectors like defense, which are consistent with HEI&#39;s value-creating approach.
The aforementioned factors will provide HEICO Corporation with an opportunity to expand its customer base, enhance its product offerings and increase its market share in power distribution solutions for mission-critical systems business area.
<h2>What&#39;s Driving Acquisitions Among Aerospace Defense Players?</h2>
The military industry has seen a notable rise in mergers and acquisitions due to several factors, like the growing emphasis on cost-reduction initiatives, diversifying the portfolio to tackle competition and achieving economies of scale, along with operational efficiency to attain long-term goals. These transactions are becoming more significant, allowing businesses to grow as they see fit by expanding their operations, gaining access to new skills, developing technologies and producing higher-quality goods and services, as well as capturing larger market shares.
HEICO&#39;s latest decision to acquire Marway Power Solutions also seems to have been motivated by the aforementioned factors.
Some other defense companies have recently indulged in acquisition deals to expand their operations and widen product offerings.
In August 2024, Lockheed Martin Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) agreed to acquire a manufacturer of satellite products, Terran Orbital, for $450 million, which serves the aerospace and defense industry. Through this acquisition, LMT will be able to expand its customer base, enhance its product offerings and increase its market share in the satellite-based solutions business area.
Lockheed Martin has a long-term (three to five years) earnings growth rate of 4.7%. It delivered an average earnings surprise of 7.46% in the last four quarters.
In May 2024, TransDigm Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdg#NYSE">TDG</a>) agreed to acquire Raptor Scientific for $655 million, a manufacturer of complex test and measurement solutions serving the aerospace and defense end markets. Through this acquisition, TDG should be able to provide a wider range of products and gain a larger market share in the highly engineered aviation components industry.
TransDigm Group has a long-term earnings growth rate of 20.7%. The Zacks Consensus Estimate for its fiscal 2024 sales calls for an improvement of 19.9% from the prior-year figure.
In April 2024, Curtiss-Wright Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) completed the acquisition of WSC, Inc. for $34 million. The buyout is expected to expand Curtiss-Wright&#39;s portfolio of advanced commercial nuclear technologies utilized in the modernization of existing power plants and the design of new power plants, such as Advanced Small Modular Reactors.
Curtiss-Wright boasts a four-quarter earnings surprise of 11.52%, on average. The Zacks Consensus Estimate for CW&#39;s 2024 sales implies an improvement of 7.1% from the prior-year figure.
<h2>HEICO Stock Price Movement</h2>
In the past three months, shares of HEICO have risen 15% compared with the industry&#39;s growth of 12.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/26/79974.jpg?v=980363033" />
Image Source: Zacks Investment Research
<h2>HEI&#39;s Zacks Rank</h2>
HEI currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2344612/heico-buys-marway-power-widens-power-distribution-solution-capacity?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2344612">To read this article on Zacks.com click here.</a>

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HEICO Buys Marway Power, Widens Power Distribution Solution Capacity

Curtiss-Wright's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) short percent of float has fallen 26.51% since its last report. The company recently reported that it has 207 thousand shares sold short, which is 0.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Curtiss-Wright Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727466322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Curtiss-Wright has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Curtiss-Wright's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Curtiss-Wright's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Curtiss-Wright's Recent Short Interest

Declares Quarterly Dividend Of $0.21 Per Share For Common Stock
Curtiss-Wright Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) today announced a $100 million expansion of its 2024 share repurchase program, which is now expected to result in annual share repurchases of $150 million in 2024. In addition, the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable October 11, 2024 to stockholders of record as of September 27, 2024.

Buybacks

Curtiss-Wright Announces $100M Expansion Of 2024 Share Repurchase Program, Which Is Now Expected To Result In Annual Share Repurchases Of $150M In 2024

Under the agreement, Curtiss-Wright will provide new cable systems and related turnkey services to three airbases to support the upcoming delivery of the F-35 to Belgium, as well as safeguard its emergency takeoff and landing phases. The contract also provides various services, spares, repair, and overhaul supporting the Belgian Air Force&#39;s military flight operations.

Contracts

Curtiss-Wright Bags $26M Multi-year Contract From The Belgian Air Force To Implement Modernization Program For Its Aircraft Arresting Systems

West Texas Intermediate (WTI) crude oil futures, closely followed by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), surged 3.6% to close at $79.60 per barrel on Monday amid rising tensions <a href="https://www.benzinga.com/topic/middle-east">in the Middle East. </a>
This marked the fifth consecutive day of gains and the second-strongest one-day surge year-to-date as the prospect of a war between Israel and Iran has stoked fears of significant disruptions to global oil supplies.
The tensions have been exacerbated by reports that Iran, along with its Lebanese proxy Hezbollah, is considering retaliatory action against Israel following the death of Ismail Haniyeh, a top Hamas leader, in Tehran on July 31.
<h3 class="wp-block-heading">US Military Moves To Reinforce Middle East Presence</h3>
In response to the rising risk of a broader regional conflict, the Pentagon has significantly ramped up its military presence in the region. On Monday, <a href="https://edition.cnn.com/2024/08/11/politics/defense-secretary-strike-group-iran/index.html">CNN</a> reported that U.S. Defense Secretary Lloyd Austin ordered the deployment of a carrier strike group equipped with F-35 jets and additional forces to deter potential Iranian aggression toward Israel.
On Sunday, the Pentagon disclosed that it had ordered the nuclear-powered submarine USS Georgia, armed with cruise missiles, into Middle Eastern waters. 
The USS Georgia had recently been operating in the Mediterranean Sea, completing training exercises near Italy. The movement of U.S. missile submarines is typically shrouded in secrecy.
<h3 class="wp-block-heading">Escalating Violence In Gaza</h3>
The situation in Gaza remains dire. On Saturday, Israeli airstrikes targeted a school building in Gaza City, killing hundreds of people, according to Palestinian health authorities.
The Israeli Defense Forces (IDF) on its official account on X said the building housed 31 terrorist from Hamas and Islamic Jihad.
LTG Herzi Halevi, IDF chief of the general staff, stressed the importance of maintaining a high level of preparedness for both offensive and defensive operations. 
<h3 class="wp-block-heading">US Defense Stocks Moving On Monday</h3>
Despite the escalating tensions, U.S. defense stocks, tracked by the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>), closed relatively flat on Monday, but are trading around 3% below record highs.
Among the top performers were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Curtiss-Wright Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>)</td>
<td>2.55%</td>
</tr>
<tr>
<td>Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>)</td>
<td>1.67%</td>
</tr>
<tr>
<td>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)</td>
<td>1.53%</td>
</tr>
<tr>
<td>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>)</td>
<td>1.14%</td>
</tr>
<tr>
<td>Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</td>
<td>0.95%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40319443/us-stocks-trim-gains-as-iran-mulls-attack-on-israel-gold-oil-rally-whats-driving-markets-monday">US Stocks Trim Gains As Iran Mulls Attack On Israel; Gold, Oil Rally: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Photo via Shutterstock.

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iShares Dow Jones US Aerospace & Defense Index Fund

Oil Prices Soar To $80 On Middle East Tensions, US Moves Military Assets To Region: 5 Defense Stocks On The Move

Baird analyst Peter Arment maintains Curtiss-Wright (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) with a Outperform and raises the price target from $300 to $312.

Price Target

Baird Maintains Outperform on Curtiss-Wright, Raises Price Target to $312

WIIM

Curtiss-Wright shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY24 EPS guidance above estimates.

Guidance

Curtiss-Wright Sees FY24 $10.40-$10.65 Vs $10.33 Est.

Curtiss-Wright (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) reported quarterly earnings of $2.67 per share which beat the analyst consensus estimate of $2.30 by 16.09 percent. The company reported quarterly sales of $784.791 million which beat the analyst consensus estimate of $735.820 million by 6.66 percent. This is a 11.41 percent increase over sales of $704.396 million the same period last year.

Earnings Beats

Curtiss-Wright Q2 2024 Adj. EPS $2.67 Beats $2.30 Estimate, Sales $784.791M Beat $735.820M Estimate

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Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

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Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

Curtiss-Wright's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) short percent of float has fallen 16.42% since its last report. The company recently reported that it has 191 thousand shares sold short, which is 0.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Curtiss-Wright Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722618013_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Curtiss-Wright has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Curtiss-Wright's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Curtiss-Wright's peer group average for short interest as a percentage of float is 2.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Stifel analyst Nathan Jones maintains Curtiss-Wright (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) with a Buy and raises the price target from $310 to $318.

Stifel Maintains Buy on Curtiss-Wright, Raises Price Target to $318

Curtiss-Wright's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) short percent of float has risen 34.0% since its last report. The company recently reported that it has 228 thousand shares sold short, which is 0.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Curtiss-Wright Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721070912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Curtiss-Wright has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Curtiss-Wright's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Curtiss-Wright's peer group average for short interest as a percentage of float is 2.55%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Curtiss-Wright's Recent Short Interest

The aerospace defense equipment industry has maintained its northbound journey amid supply-chain woes. Nevertheless, improving defense budget funding from the U.S. administration and impressive year-over-year projections for global air passenger numbers are likely to boost this space in the second half of 2024.
The aerospace defense equipment industry comprises companies that primarily design and manufacture heavy-built products like commercial as well as military jets and helicopters, tankers and other combat vehicles, missiles, combatant ships as well as auxiliary ships, submarines, bombs, guns, space transportation vehicles, military satellites and a few more.
The industry stood its ground on the back of steady government support. Importantly, in March 2024, the fiscal 2025 defense budget request was submitted by President Joe Biden. This included a funding proposal of $849.8 billion for the U.S. Department of Defense, which reflected a 1% increase from the fiscal 2024 enacted funding amount.
Steadily improving global air traffic data in recent times has been boosting the near-term growth prospects of the industry. As stated in the latest report published by the IATA in June, total travelers are expected to reach 4.96 billion in 2024 &mdash; a record high. Total revenues are expected to reach $996 billion in 2024 &mdash; a record high, reflecting an improvement of 9.7% year over year.
The Zacks-defined Aerospace &ndash; Defense Equipment Industry is currently in the top 14% of the Zacks Industry Rank. In the past year, the industry has provided 28.1% returns, while its year-to-date return is 15.2%. Since it is ranked in the top half of Zacks Ranked Industries, we expect the consulting services industry to outperform the market over the next three to six months.
<h3>Our Top Picks</h3>
We have narrowed our search to five aerospace defense equipment stocks that have strong growth potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks sports either a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f7/69333.jpg?v=94379012" /> 
Image Source: Zacks Investment Research
Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications primarily in Israel, North America, the Asia-Pacific, Europe, Latin America, and internationally.
ESLT operates through five segments: Aerospace; C4I and Cyber, Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare, Land, and Elbit Systems of America.
Zacks Rank #1 ESLT has an expected revenue and earnings growth rate of 7.3% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 30 days.
AerSale Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asle#NASDAQ">ASLE</a>) provides aftermarket commercial aircraft, engines, and parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul service providers worldwide. ASLE operates in two segments, Asset Management Solutions and Technical Operations (TechOps).
Zacks Rank #1 ASLE has an expected revenue and earnings growth rate of 13.2% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.4% over the last 60 days.
AAR Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>) provides various products &amp; services to the aviation &amp; defense industries worldwide. AIR&#39;s principal customers are The Boeing Co. and Airbus. AIR has two business segments: Aviation Services and Expeditionary Services.
Zacks Rank #2 AAR has an expected revenue and earnings growth rate of 17.2% and 24.1%, respectively, for the current year (ending May 2025). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 60 days.
HEICO Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) has witnessed improved demand for its commercial aerospace products and services in the last couple of quarters, buoyed by a recovery in commercial air travel. The expectation of continued recovery in domestic and international travel demand bodes well for HEI&#39;s growth in the coming days.
HEI&#39;s disciplined acquisition strategy has also been driving its overall performance. Wencor&#39;s takeover has boosted HEI&#39;s position in the aircraft aftermarket space. The stock has a strong solvency position in the short run.
Zacks Rank #2 HEICO has an expected revenue and earnings growth rate of 30.3% and 15.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Curtiss-Wright Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) is a diversified multinational company that designs and overhauls precision components. CW provides highly engineered products and services for high-performance platforms, and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies.
CW&#39;s products &amp; services are offered to the aerospace, defense, general industrial and power generation markets. CW has three business segments: Aerospace &amp; Industrial, Defense Electronics, and Naval &amp; Power.
Zacks Rank #2 Curtiss-Wright has an expected revenue and earnings growth rate of 6.3% and 9.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 60 days.
<a href="https://www.zacks.com/stock/news/2292097/top-5-aerospace-defense-equipment-stocks-for-second-half-2024?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2292097">To read this article on Zacks.com click here.</a>

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Top 5 Aerospace Defense Equipment Stocks for Second-Half 2024

Petrobras S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), the Brazilian state-owned energy giant, has joined forces with&nbsp;Curtiss-Wright Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) to proceed with the development of a fully electric subsea pumping system. The system will be designed to make it significantly less reliant on the production platform.
The partnership has decided to use hermetically sealed (canned) motors instead of traditional mechanical seals for the subsea pumping motors. This should significantly increase the efficiency and reliability of the pumping system. Increased reliability means fewer unplanned disruptions, thereby reducing subsequent production losses for the company. Additionally, these subsea pumping motors can extract a mixture of raw oil and gas from water depths of up to 4,921 feet.
In a press release, Petrobras stated that the new equipment is aimed at reducing the cost associated with vessels and reviving old, mature fields. The new pumping system will also facilitate production over long subsea flowlines that connect the well directly to the platform.&nbsp;
Petrobras and Curtiss-Wright have stated their plans to start prototype testing of this technology in 2026. The testing is expected to take place in the Jubarte and Espadarte fields, located in the Campos Basin offshore Brazil. The companies have further stated that the technology could be introduced in the market as early as 2028, if the testing proves to be a success.
Subsea pumping systems are useful in pumping the reservoir fluid to the platform at increased flow rates. However, with the current technology available in the market, these pumps have a short lifespan of approximately three years and can cost nearly $70 million to exchange them at the end of their service. Petrobras has highlighted that with the development of the new technology, the lifespan of these pumps could be doubled.
The new pumping system may share similarities with other motors available on the market, including those used by Curtiss-Wright. However, a key feature of this new system is a sealless mudline pump specifically designed to process oil. Petrobras believes that this new technology will be revolutionary for the entire oil and gas industry. This also demonstrates the oil giant&#39;s dedication to continuous innovation that will improve its operational efficiency and help earn huge profits.
Specialists from both companies are also studying an advanced version of the prototype under development. This version will have an increased lifespan of nearly 10 years with the capacity to operate more than one well simultaneously. This will contribute to significant cost reduction and boost productivity, per Petrobras&#39; statement.
Curtiss-Wright is a multinational business specializing in highly engineered products and solutions, primarily catering to the Aerospace &amp; Defense markets. The company is also involved in the development of critical technologies used in demanding sectors such as Commercial Power, Process and Industrial markets.
<h3>Zacks Rank and Key Picks</h3>
Currently, PBR carries a Zacks Rank #3 (Hold), while CW carries a Zacks Rank #2 (Buy).
Some better-ranked stocks in the energy&nbsp;sector are Archrock Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>) and&nbsp;SM Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>). Both Archrock and SM Energy presently sport a Zacks Rank #1 (Strong Buy).
Archrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
SM Energy is an upstream energy firm operating in the prolific Midland Basin region and the South Texas region. For 2024, the company expects its production to increase from the prior-year reported figure, signaling a bright production outlook.
<a href="https://www.zacks.com/stock/news/2288516/petrobras-pbr-to-develop-advanced-subsea-pumping-technology?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2288516">To read this article on Zacks.com click here.</a>

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