| __timestamp | Curtiss-Wright Corporation | Trane Technologies plc |
|---|---|---|
| Wednesday, January 1, 2014 | 67842000 | 212300000 |
| Thursday, January 1, 2015 | 60837000 | 205900000 |
| Friday, January 1, 2016 | 58592000 | 207900000 |
| Sunday, January 1, 2017 | 60308000 | 210800000 |
| Monday, January 1, 2018 | 64525000 | 228700000 |
| Tuesday, January 1, 2019 | 72520000 | 174200000 |
| Wednesday, January 1, 2020 | 74816000 | 165000000 |
| Friday, January 1, 2021 | 88489000 | 193500000 |
| Saturday, January 1, 2022 | 80836000 | 211200000 |
| Sunday, January 1, 2023 | 85764000 | 252300000 |
| Monday, January 1, 2024 | 91647000 | 0 |
Data in motion
In the ever-evolving 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, Trane Technologies plc and Curtiss-Wright Corporation have demonstrated contrasting strategies in their R&D investments.
From 2014 to 2023, Trane Technologies consistently outpaced Curtiss-Wright in R&D spending, with an average annual investment nearly three times higher. Notably, in 2023, Trane Technologies allocated 252% more to R&D than Curtiss-Wright, underscoring its aggressive pursuit of technological advancement.
Curtiss-Wright, while more conservative, showed a steady increase in R&D spending, peaking in 2021 with an 88% rise from its 2014 levels. This strategic approach reflects a focus on incremental innovation.
These trends highlight the diverse strategies companies employ to maintain competitive edges in their respective markets.
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