Lynn Bamford, president and CEO of the Curtiss-Wright Corporation, has received a 2021 Wash100 Award. She has secured a Wash100 Award for her leadership and strategic vision to drive growth for the company heading into 2021. Bamford joined Curtiss-Wright with its acquisition of Dy4, a leading provider of Commercial Off-The-Shelf (COTS) embedded computing solutions, in 2004.
In Dec. 2020, Curtiss-Wright announced that Bamford would succeed David Adams, who retired officially in Jan. 2021, as the company’s president and CEO. The succession plan revealed that Adams would remain the executive chairman of the board until May 2022 when Bamford would assume the dual role of chairperson and CEO.
Curtiss-Wright reported its 4th quarter results on Feb. 24th showcasing the company’s strong growth in defense market sales, the benefits of restructuring savings and achieving record adjusted free cash flow. A handful of key moves and acquisitions also influenced those positive results.
“Looking ahead to 2021, we are projecting mid-to-high single digit growth in sales, Adjusted operating income and Adjusted diluted EPS,” Bamford explained. “This is the first step, ahead of our planned May 2021 investor day, in communicating our new vision and strategy which will drive long-term profitable growth and deliver significant value for our shareholders.”
Image credit: Curtiss-Wright