Research and Development Investment: Lennox International Inc. vs Curtiss-Wright Corporation

R&D Investment Trends: Lennox vs. Curtiss-Wright

__timestampCurtiss-Wright CorporationLennox International Inc.
Wednesday, January 1, 20146784200060700000
Thursday, January 1, 20156083700062300000
Friday, January 1, 20165859200064599999
Sunday, January 1, 20176030800073600000
Monday, January 1, 20186452500072200000
Tuesday, January 1, 20197252000069900000
Wednesday, January 1, 20207481600066800000
Friday, January 1, 20218848900076100000
Saturday, January 1, 20228083600080300000
Sunday, January 1, 20238576400094000000
Monday, January 1, 2024916470000
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Unleashing the power of data

A Decade of Innovation: R&D Investments in Focus

In the competitive landscape of industrial innovation, research and development (R&D) investments are pivotal. Over the past decade, Lennox International Inc. and Curtiss-Wright Corporation have demonstrated their commitment to innovation through substantial R&D spending. From 2014 to 2023, Curtiss-Wright Corporation's R&D expenses grew by approximately 26%, peaking in 2021. Meanwhile, Lennox International Inc. saw a remarkable 55% increase, culminating in 2023. This trend underscores Lennox's aggressive push towards technological advancement.

The Innovation Race

While Curtiss-Wright maintained a steady investment, Lennox's R&D spending surged, particularly in the last two years, reflecting a strategic pivot towards innovation. The data for 2024 is incomplete, highlighting the dynamic nature of corporate R&D strategies. As these companies continue to innovate, their R&D investments will likely shape the future of their industries.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025