Bryce Sandberg

Bryce Sandberg asked about the potential impact of supply chain and labor disruptions at major shipyards on Curtiss-Wright's naval business, and whether these challenges create an opportunity for the company to take on more work.

Answer

CEO Lynn Bamford explained that Curtiss-Wright is largely decoupled from shipyard production flow due to the very long-lead nature of its equipment, which is ordered years in advance. While there isn't a direct impact, she affirmed the company is always positioned to take on new work if the Navy seeks to second-source suppliers. CFO Chris Farkas added that the company has other naval growth drivers, such as aftermarket services and international arresting systems, that are independent of new ship construction schedules.

Bryce Sandberg asked about the pipeline for new SMR partnerships beyond those already announced with NuScale, X-energy, and TerraPower, and inquired about the expected timeline for when SMR designs would be finalized.

Answer

CEO Lynn Bamford stated she expects new formal SMR partnerships could be announced in the next 3 to 6 months, though timelines are complex. She anticipates that most SMR designs will be largely finalized within the next few years as they move toward prototyping and first deployments by the end of the decade.

Bryce Sandberg of William Blair asked about the specific product or market areas that Motorola Solutions is focusing on for M&A.

Answer

Gregory Brown, Chairman and CEO, stated that the company's M&A focus is primarily on the categories of video, software, and services. He confirmed that the funnel is active and that the company has had engagements with multiple companies of varying sizes within these areas of interest.