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2024 Annual Report

Curtiss-Wright Systems
Systems
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The Operational Growth Platform (OGP) accelerates our strong track record of operational excellence through a continuous assessment of our facilities, identifying best practices and opportunities for improvement in our operations. High-performing sites are recognized for achieving or exceeding the established standards that contribute to Curtiss-Wright's overall profitable growth.

Our investments in enterprise-wide business systems and tools elevate our operational excellence and decision-making across the organization.

Since 2021, Curtiss-Wright has made great progress accelerating its Pivot to Growth strategy through our Operational Growth Platform (OGP). We are continuously investing in and implementing new processes, systems and tools to optimize our manufacturing operations, which in turn, is driving margin expansion and savings across the portfolio.

Our leadership teams are focused on our digital transformation, ensuring the right systems are being deployed to help Curti ss-Wright grow, further enabling our businesses to improve quality, drive productivity, increase the flow of information, and enhance our connectivity throughout the organization. We have taken numerous actions that promote higher levels of execution and provide tremendous, almost real-time visibility into our operations, increasing efficiency and agility in how we manage the overall business.

We are modernizing our systems and tools to accelerate commercial and operational excellence. We are upgrading Enterprise Resource Planning (ERP) software applications to enhance the depth and efficiency of our operational execution, along with Enterprise Performance Management (EPM) systems that create common value streams for key management process, feeding enterprise-wide KPI dashboards to enhance management control. We deployed a unified Customer Relationship Management (CRM) tool to introduce more standardization into our selling processes, creating a common language to better track business opportunities, improve collaboration, and provide enhanced metrics and analytics. Our focus on Human Resource Management led to the consolidation of 21 separate systems down to a single, common interface to create a modernized and comprehensive approach to global workforce management and talent development. Finally, we are investing in robotics and automation, as well as shop floor digitalization, including AI-based software in support of real-time inventory and supply chain management.

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Curtiss-Wright frequently evaluates the investment in and deployment of low-cost robotics and automation to drive increased efficiency and quality, including opportunities for significant reductions in processing time, across our divisions & manufacturing sites.

robotics and automation

To ensure that our operations are driving operational excellence and growth, we have implemented continuous assessments at our facilities to measure our performance in each element of the OGP and capture best practices taking place across the organization. The evaluation includes various criteria such as business strategy, innovation, commercial excellence and top quartile financial performance, as well as critical assessments of safety and risk, which provides a standard roadmap for improvement across our businesses. Executive oversight of the program has led to the approval of awards that recognize excellence via Gold, Silver and Bronze certifications.

As we look to the future, we will fuel the next leg of our operational growth journey through continued investments and maturing processes that promote growth and efficiency across our manufacturing, sales, and finance operations.