In 2014, we transitioned to a new segment structure under the "One Curtiss-Wright" vision, realigning our business to an integrated, market-facing global diversified industrial company. The result is a more strategically aligned Curtiss-Wright that is now comprised of Commercial/Industrial, Defense and Power segments. We continually focus on maintaining solid relationships with our customers, building on our competitive positions and creating market leadership through our technology investment. In this new structure, we will better utilize our scale while also providing for enhanced customer interaction. These strategies will continue to support our growth and generate margin expansion opportunities.

We are at a critical juncture in the history of Curtiss-Wright, shifting our focus primarily to organic revenue growth rather than a predominant focus on growth through acquisition. We intend on growing steadily by leveraging the critical mass that we built over the past decade, while driving operational excellence and financial discipline to achieve top quartile performance as compared to our peer group. Our structure has been organizationally flattened, driving the focus upon our end markets under our three new segments, which supports our vision of one unified global diversified industrial company.

Our new structure squarely focuses on prioritizing the customer. Based on more than 80 years of history, we have the breadth of products, services and technologies necessary to continue to be a trusted partner with our customers and to address new market opportunities. This new vision presents one face to the customer, replacing the multiple points of interaction our customers previously needed to access the full range of our technological expertise. This change enables us to be more efficient in meeting our customers’ evolving needs.

Curtiss-Wright’s design, development and manufacture of innovative and advanced technologies provide value to our customers and support our strategic objective of 3-5% long-term organic revenue growth. Strategic acquisitions of complementary technologies allow our businesses to keep pace with our customers’ needs and expand our addressable markets. Together, this has enabled Curtiss-Wright to become a preferred provider of unique solutions required to meet challenging needs and to provide increased safety, reliability and performance in the most demanding environments.

Our goal is to be #1 or #2 in all our key end markets, to be the trusted “go to” company in solving the most difficult engineering problems within specific specialties or solutions. We pride ourselves in maintaining long-standing customer relationships, which should continue to propel us further into leading positions. We are focused on protecting and expanding market share to ensure that we maintain appropriate mass and scale to realize the synergies and efficiencies necessary to achieve steady operating margin expansion.