R&D Insights: How Curtiss-Wright Corporation and ITT Inc. Allocate Funds

R&D Investment Trends: Curtiss-Wright Corporation vs. ITT Inc.

In the competitive landscape of industrial innovation, research and development (R&D) spending is a critical indicator of a company's commitment to future growth. Over the past decade, Curtiss-Wright Corporation and ITT Inc. have demonstrated distinct strategies in their R&D allocations. From 2014 to 2023, ITT Inc. consistently outpaced Curtiss-Wright, with an average R&D expenditure of approximately 90 million USD annually, peaking at 102.6 million USD in 2023. This represents a 34% increase from their 2014 spending. In contrast, Curtiss-Wright's R&D investment grew by 26% over the same period, reaching 85.8 million USD in 2023. Notably, both companies showed a significant uptick in R&D spending post-2020, reflecting a strategic pivot towards innovation in response to global challenges. These trends underscore the importance of R&D in maintaining competitive advantage and driving technological advancements in the industrial sector.