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PENSION PLANS
 9 Months Ended
Sep. 30, 2026
Retirement Benefits, Description [Abstract]  
PENSION PLANS PENSION PLANS
Defined Benefit Pension Plans

The following table is a consolidated disclosure of all domestic and foreign defined benefit pension plans as described in the Corporation’s 2025 Annual Report on Form 10-K filed with the SEC.  

The components of net periodic pension cost/(benefit) for the three and nine months ended September 30, 2026 and 2025 were as follows:

Three Months EndedNine Months Ended
September 30,September 30,
(In thousands)2026202520262025
Service cost$3,623 $3,837 $10,754 $11,361 
Interest cost8,145 8,880 25,062 26,838 
Expected return on plan assets(16,621)(17,453)(50,583)(52,872)
Amortization of prior service cost(25)(10)(75)(27)
Amortization of unrecognized actuarial loss292 1,014 1,225 1,512 
Cost of settlements/curtailments957 1,614 957 1,614 
Total net periodic pension benefit$(3,629)$(2,118)$(12,660)$(11,574)

The Corporation did not make any contributions to the Curtiss-Wright Pension Plan during the nine months ended September 30, 2026, and does not expect to do so throughout the remainder of the year. Contributions to the foreign benefit plans are not expected to be material in 2026.

During both the three and nine months ended September 30, 2026 and September 30, 2025, respectively, the Company recognized settlement charges related to the retirement of former employees. The settlement charges represent events that are accounted for under guidance on employers’ accounting for settlements and curtailments of defined benefit pension plans.
Defined Contribution Retirement Plan

The Company also maintains a defined contribution plan for all non-union employees who are not currently receiving final or career average pay benefits for its U.S. subsidiaries. The employer contributions include both employer match and non-elective contribution components up to a maximum employer contribution of 7% of eligible compensation. During the three and nine months ended September 30, 2026, the expense relating to the plan was $7 million and $25 million, respectively. During the three and nine months ended September 30, 2025, the expense relating to the plan was $6 million and $22 million, respectively.