| Industries |
|---|
| Diversified Financial Services |
| Asset Management and Custody Banks |
| Health Care Facilities |
| Environmental Services |
| Automobiles and Components |
| Electrical Components and Equipment |
| Exposures |
|---|
| Economic |
| Regime |
| Political reform |
| Military |
| Provide |
| Express intent |
| Leadership |
| Intelligence |
| Event Codes |
|---|
| Grant |
| Solicit support |
| Riot |
| Warn |
| Sports contest |
| Agree |
| Yield to order |
| Force |
| Accident |
| Human death |
| Release or return |
| Psychological state |
| Acknowledge responsibility |
| Yield |
| Reject |
| Negotiation |
| Wiki | Wiki Summary |
|---|---|
| Object (philosophy) | An object is a philosophical term often used in contrast to the term subject. A subject is an observer and an object is a thing observed. |
| Federal parliamentary republic | A federal parliamentary republic refers to a federation of states with a republican form of government that is, more or less, dependent upon the confidence of parliaments at both the national and sub-national levels. It is a combination of the government republic and the parliamentary republic. |
| Data dependency | A data dependency in computer science is a situation in which a program statement (instruction) refers to the data of a preceding statement. In compiler theory, the technique used to discover data dependencies among statements (or instructions) is called dependence analysis. |
| Government of India | The Government of India (ISO: Bhārat Sarkār) (often abbreviated as GoI; also known as the Central or Union Government), or simply the Centre, is the federal governing authority of the Republic of India created by the Constitution of India as the legislative, executive and judicial authority to govern the union of twenty eight states and eight union territories. The president acts as the head of state and is the highest figure of authority, nominally, of the nation however it is the prime minister who is the chief executive. |
| Executive (government) | The executive (short for executive branch or executive power) is the part of government that enforces law, and has responsibility for the governance of a state.\nIn political systems based on the principle of separation of powers, authority is distributed among several branches (executive, legislative, judicial)—an attempt to prevent the concentration of power in the hands of a single group of people. |
| Military government | A military government is generally any government that is administered by military forces, whether or not this government is legal under the laws of the jurisdiction at issue, and whether this government is formed by natives or by an occupying power. It is usually carried out by military workers. |
| Government of Canada | The government of Canada (French: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the Crown-in-Council; the legislature, as the Crown-in-Parliament; and the courts, as the Crown-on-the-Bench. |
| Futures contract | In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. |
| Balance sheet | In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Quantum fluctuation | In quantum physics, a quantum fluctuation (also known as a vacuum state fluctuation or vacuum fluctuation) is the temporary random change in the amount of energy in a point in space, as prescribed by Werner Heisenberg's uncertainty principle. They are minute random fluctuations in the values of the fields which represent elementary particles, such as electric and magnetic fields which represent the electromagnetic force carried by photons, W and Z fields which carry the weak force, and gluon fields which carry the strong force. |
| Thermal fluctuations | In statistical mechanics, thermal fluctuations are random deviations of a system from its average state, that occur in a system at equilibrium. All thermal fluctuations become larger and more frequent as the temperature increases, and likewise they decrease as temperature approaches absolute zero. |
| Fluctuating selection | Fluctuating selection is a mode of natural selection characterized by the fluctuation of the direction of selection on a given phenotype over a relatively brief period of evolutionary time. For example, a species of plant may come in two varieties: one which prefers wetter soil and one which prefers dryer soil. |
| Preferred stock | Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to bonds in terms of claim (or rights to their share of the assets of the company, given that such assets are payable to the returnee stock bond) and may have priority over common stock (ordinary shares) in the payment of dividends and upon liquidation. |
| Treasury stock | A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). \nStock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably. |
| Convertible bond | In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. |
| Business-to-business | Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when:\n\nA business is sourcing materials for their production process for output (e.g., a food manufacturer purchasing salt), i.e. |
| Business administration | Business administration (also known as business management) is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising business operations. |
| Business Proposal | Business Proposal (Korean: 사내 맞선; Hanja: 社內맞선; RR: Sanae Matseon; lit. The Office Blind Date) is a South Korean romantic comedy television series based on the webtoon of the same title written by HaeHwa and illustrated by Narak. |
| Risky Business | Risky Business is a 1983 American teen sex comedy drama film written and directed by Paul Brickman (in his directorial debut) and starring Tom Cruise and Rebecca De Mornay. The film covers themes including materialism, loss of innocence, coming of age, and capitalism. |
| International Financial Reporting Standards | International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries. |
| Reliance Retail | Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries Limited. Founded in 2006, it is the largest retailer in India in terms of revenue. |
| Ansoff matrix | The Ansoff matrix is a strategic planning tool that provides a framework to help executives, senior managers, and marketers devise strategies for future growth. It is named after Russian American Igor Ansoff, an applied mathematician and business manager, who created the concept. |
| Bolt-on acquisition | Bolt-on acquisition refers to the acquisition of smaller companies, usually in the same line of business, that presents strategic value. This is in contrast to primary acquisitions of other companies which are generally in different industries, require larger investments, or are of similar size to the acquiring company. |
| Library acquisitions | Library acquisitions is the department of a library responsible for the selection and purchase of materials or resources. The department may select vendors, negotiate consortium pricing, arrange for standing orders, and select individual titles or resources.Libraries, both physical and digital, usually have four common broad goals that help dictate these responsibilities. |
| PEG ratio | The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company's share (stock) price to the company's earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. |
| Auckland | Auckland (Māori: Tāmaki Makaurau) is a large metropolitan city in the North Island of New Zealand. The most populous urban area in the country and the fifth largest city in Oceania, Auckland has an urban population of about 1,463,000 (June 2021). |
| Irreligion | Irreligion or nonreligion is the absence or rejection of religion, or indifference to it. Irreligion takes many forms, ranging from the casual and unaware to full-fledged philosophies such as secular humanism. |
| Outline of intellectual property | The following outline is provided as an overview of and topical guide to intellectual property:\nIntellectual property – intangible assets such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights, trade dress, and in some jurisdictions trade secrets. |
| Symmetrical components | In electrical engineering, the method of symmetrical components simplifies analysis of unbalanced three-phase power systems under both normal and abnormal conditions. The basic idea is that an asymmetrical set of N phasors can be expressed as a linear combination of N symmetrical sets of phasors by means of a complex linear transformation. |
| Web Components | Web Components are a set of features that provide a standard component model for the Web allowing for encapsulation and interoperability of individual HTML elements.\nPrimary technologies used to create them include:\nCustom Elements: APIs to define new HTML elements\nShadow DOM: encapsulated DOM and styling, with composition\nHTML Templates: HTML fragments that are not rendered, but stored until instantiated via JavaScript\n\n\n== Features ==\n\n\n=== Custom Elements ===\nThere are two parts to Custom Elements: autonomous custom elements and customized built-in elements. |
| Electronic component | An electronic component is any basic discrete device or physical entity in an electronic system used to affect electrons or their associated fields. Electronic components are mostly industrial products, available in a singular form and are not to be confused with electrical elements, which are conceptual abstractions representing idealized electronic components and elements. |
| Risk Factors |
|---|
| CURTISS WRIGHT CORP Item 1A Risk Factors |
| You should carefully consider the risks described below and other information in this Annual Report on Form 10-K Our business, financial condition, and results of operations could be materially and adversely impacted if any of these risks materialize |
| The trading price of our common stock may also decline as a result of these risks |
| A substantial portion of our revenues and earnings is dependent upon the continued willingness of the US government and our other customers in the defense industry to buy our products and services |
| In 2005, approximately 50prca of our revenues were derived from or related to defense programs, with approximately 24prca attributable to US Navy procurements |
| The loss of a significant defense program or customer could have a material adverse effect on our operating results |
| There can be no assurance that our significant customers will continue to buy our products and services at current or increased levels |
| Our business with the US government and defense contractors is subject to risks including: termination, reduction, or modification of our contracts, subcontracts, and backlog in the event of changes in the US government’s requirements, spending priorities, or defense-related budgets; when we are a subcontractor, the failure or inability of the prime contractor to perform its prime contract; in some contracts the final price per unit may be deferred; adjustment of contract costs and fees as a result of government audits; the frequent need to bid on programs in advance of design completion that may result in unforeseen technological difficulties and cost overruns; our contracts are for varying fixed terms that may not be renewed or followed by follow-on contracts upon expiration; and cancellation of the follow-on production phase of contracts if program requirements are not met in the development phase |
| Reductions in defense industry spending may or may not have an adverse effect on programs for which we provide products and services |
| In the event expenditures are reduced for products we manufacture or services we provide and are not offset by revenues from foreign sales, new programs, or products or services that we currently manufacture or provide, we may experience a reduction in our revenues and earnings and a material adverse effect on our business, financial condition, and results of operations |
| Our operating results are subject to fluctuations |
| Defense industry procurement involves seasonality and economic cycles and as a result our annual and quarterly operating results may fluctuate |
| It is possible that our operating results for a particular quarter may not meet the expectations of securities analysts or investors |
| Similarly, securities analysts may issue reports downgrading our common stock |
| These events could cause the market price of our common stock to decline |
| Future terror attacks, war, or other events could adversely impact our commercial aerospace and other businesses |
| Terrorist attacks, war, or other events such as strikes by a significant customer’s workforce could adversely impact demand for our products |
| For example, the terrorist attacks of September 11, 2001 and subsequent terrorist attacks worldwide caused decreased demand in the commercial aerospace market for our products and commercial overhaul and repair services |
| During 2005, approximately 17prca of our business was related to commercial aerospace |
| The commercial aerospace industry is cyclical and subject to factors beyond our control |
| A number of commercial airline carriers have recently experienced large losses and filed for bankruptcy |
| Financial difficulties of our customers and decreased demand for new aircraft and continued use of existing aircraft could adversely affect our operating results and financial position |
| The success of our growth strategy is dependent upon our ability to complete acquisitions and integrate acquired businesses |
| Our strategy includes growth through acquisitions |
| As a result, our future growth depends in large part on our ability to implement our acquisition strategy and successfully integrate acquired businesses into our existing operations |
| If we are unable to identify suitable candidates, negotiate appropriate acquisition terms, obtain financing, and successfully integrate acquired businesses into our existing operations, our future growth and operating results could be adversely impacted |
| Page 13 ______________________________________________________________________ We operate in highly competitive markets |
| We compete against companies that often have greater sales volumes and financial, research, and marketing resources than we have |
| Our management believes that the principal points of competition in our markets are product quality, price, design and engineering capabilities, product development, conformity to customer specifications, quality of post-sale support, timeliness of delivery, and effectiveness of the distribution organization |
| If we are unable to compete successfully with existing or new competitors in these areas, our business, financial condition, and results of operations could be materially and adversely impacted |
| Our future growth and continued success is dependent upon our key personnel |
| Our success is dependent upon the efforts of our senior management personnel |
| The loss of members of our senior management group could have a material and adverse effect on our business |
| In addition, competition for qualified technical personnel in our industries is intense, and we believe that our future growth and success will depend upon our ability to attract, train, and retain such personnel |
| Our international operations are subject to risks and volatility in foreign currency exchange rates |
| During 2005, approximately 24prca of our consolidated revenue was from customers outside of the United States, and we have operating facilities in foreign countries |
| Doing business in foreign countries is subject to numerous risks including: political and economic instability, restrictive trade policies, and complying with foreign regulatory and tax requirements that are subject to change |
| To the extent that foreign sales are transacted in foreign currencies and we do not enter into currency hedge transactions, we are exposed to risk of losses due to fluctuations in foreign currency exchange rates, particularly for the Canadian dollar, the euro, and the British pound |
| Significant fluctuations in the value of the currencies of the countries in which we do business could have an adverse effect on our results of operations |
| We may be unable to protect the value of our intellectual property |
| Our success depends in part on obtaining and enforcing our intellectual property rights and avoiding infringing on the intellectual property rights of others |
| When others infringe our intellectual property rights, the value of our products is diminished, and we may incur substantial litigation costs to enforce our rights |
| Similarly, we may incur substantial litigation costs and the obligation to pay royalties if others claim we infringed their intellectual property rights |
| When we develop intellectual property and technologies in connection with US government contracts, the government has the royalty-free right to use that property |
| We are subject to numerous regulations including those relating to federal government contracting and export compliance |
| Our failure to comply with these and other laws could result in contract termination and debarment, civil fines and damages, and criminal prosecution and penalties, any of which could have a material adverse effect on our business and operating results |
| We are subject to liability under environmental laws |
| Our business and facilities are subject to numerous federal, state, local, and foreign laws and regulations relating to the use, manufacture, storage, handling, and disposal of hazardous materials and other waste products |
| Environmental laws generally impose liability for investigation, remediation, and removal of hazardous materials and other waste products on property owners and those who dispose of materials at waste sites whether or not the waste was disposed of legally at the time in question |
| We have been named as a potentially responsible party along with other organizations in a number of environmental clean-up sites and may be named in connection with future sites |
| We are required to contribute to the costs of the investigation and remediation and to take reserves in our financial statements for future costs deemed probable and estimable |
| Although we have estimated and reserved for future environmental remediation costs, the final resolution of these liabilities may significantly vary from our estimates and could potentially have an adverse effect on our results of operations and financial position |
| Page 14 ______________________________________________________________________ Our current debt, and debt we may incur in the future, could adversely affect our business and financial position |
| As of December 31, 2005, we had dlra364dtta9 million of debt outstanding, of which dlra364dtta0 million is long-term debt |
| Our debt consists primarily of principal payable under our fixed rate senior notes |
| Our level of debt could have significant consequences for our business including: requiring us to use our cash flow to pay principal and interest on our debt, reducing funds available for acquisitions and other investments in our business; making us vulnerable to economic downturns and increases in interest rates; limiting us from obtaining additional debt; and impacting our ability to pay dividends |
| A percentage of our workforce is employed under collective bargaining agreements |
| Approximately 15prca of our workforce is employed under collective bargaining agreements, which from time to time are subject to renewal and negotiation |
| Although we have generally enjoyed good relations with both our unionized and non-unionized employees, if we are subject to labor actions, we may experience an adverse impact on our operating results |
| We rely on certain suppliers as a sole source of components for some of our products |
| Our manufacturing processes for our products often consist of the assembly of purchased components that are generally available from a number of different suppliers, though several suppliers are our sole source of certain components |
| If a sole source supplier should cease or otherwise be unable to deliver such components, our operating results could be adversely impacted |
| There are risks associated with owning our common stock |
| Like any equity security, our common stock is subject to a number of risks that may adversely impact our share price including: there is a limited trading market in our common stock; we may not in the future be able to pay dividends on our common stock; we may issue common stock for acquisitions or other purposes that could be dilutive to current stockholders; and we have various anti-takeover defenses such as our rights plan and our ability to issue preferred stock that may discourage a potential acquirer |