Operational Costs Compared: SG&A Analysis of Textron Inc. and Curtiss-Wright Corporation

A Decade of Operational Efficiency: SG&A Trends in Aerospace Giants

In the competitive landscape of aerospace and defense, operational efficiency is paramount. Over the past decade, Textron Inc. and Curtiss-Wright Corporation have showcased distinct strategies in managing their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Curtiss-Wright Corporation maintained a relatively stable SG&A expense, averaging around $429 million annually, with a notable peak in 2023. This reflects a consistent approach to cost management, crucial for sustaining profitability in a volatile market.

Conversely, Textron Inc. exhibited a more dynamic trend. While their SG&A expenses hovered around $1.3 billion for most of the decade, a dramatic surge in 2024, reaching approximately $12.9 billion, suggests strategic investments or restructuring efforts. This sharp increase, nearly tenfold, could indicate a pivotal shift in their operational strategy. Understanding these trends offers valuable insights into the financial health and strategic priorities of these industry leaders.