Program Manager
About the job
- At least 10 years of experience in program management or a related project-management position.
- Proficiency in program management philosophies and processes.
- Sufficient technical aptitude to understand design and production processes related to Crane Aerospace & Electronics products.
- Proficiency with Microsoft Project and other PC-based office tools.
- A Bachelor of Science degree in Engineering or a technical discipline.
- Where access to controlled data or information is required, only U.S. persons will be considered; selected applicants may be subject to a government security investigation and must meet eligibility requirements for access to classified information.
- Ability to travel up to 10%.
- Ability to perform work involving substantial visual concentration on detail and use of a computer; lift and push up to 20 pounds; and use required personal protective equipment in manufacturing operations. Work may involve unusual environmental conditions such as loud noises, cold temperatures, confined spaces, dust, or fumes.
- Satisfactory background check; FAA-sensitive positions require participation in a random drug-test pool.
- Review and evaluate customer proposals and change requests; lead bid-package elements and ensure compliance with technical, cost, and schedule requirements.
- Develop, monitor, and update detailed program plans, schedules, and resource needs to meet customer milestones within established processes.
- Lead Integrated Product Teams by coordinating engineering, operations, and supply chain to ensure manufacturable designs, cost targets, and successful new product introduction.
- Serve as the primary customer interface through regular communication, progress reviews, scope management, and formal change-control processes.
- Manage program cost, schedule, risks, and issues using standardized project-management tools; drive mitigation actions and ensure stakeholder alignment.
- Facilitate transition from development to production and lead preparation, collection, and communication of program metrics to internal and external stakeholders.
- Some experience in a technical field, preferably aerospace.
- MBA or comparable advanced management degree.
- Formal training in Program and/or Systems Management (PMI or equivalent).
- Experience in engineering product development and certification processes.
Crane Aerospace and Electronics has an exciting opportunity for a Program Manager at our West Caldwell, NJ location.
About Crane:
Crane Aerospace & Electronics supplies critical systems and components to the aerospace and defense markets. You’ll find Crane Aerospace & Electronics in some of the toughest environments: from engines to landing gear; from satellites to medical implants and from missiles to unmanned aerial systems (UAS).
Every time you use phone navigation, make a bank transaction or have food delivered to your home, Crane Aerospace & Electronics Microwave product is hard at work. Located in the tight-knit, family-first West Caldwell, NJ., community, our West Caldwell facility supplies industry-leading microwave components and systems for use in space, defense and commercial applications, including GPS III satellites. With more than 60 years of expertise, our Microwave group has proven capabilities in major military, communications, electronic warfare, radar and satellite systems. Start the next chapter of your career with Crane Aerospace & Electronics!
Job Summary:
Program Managers provide leadership and management of cross functional business, technical, and operations teams while assuming accountability for overall success of assigned product development programs. Program management responsibilities extend from customer proposal, to program inception, through the successful transition to production processing after completion of qualification testing / certification compliance and production readiness reviews. Program success is measured by customer satisfaction of the development process and technical solution, accomplishment of schedule milestones, and adherence to recurring and non-recurring cost targets.
Essential Functions:
Review and evaluate customer proposals and change requests; lead bid package elements, ensuring compliance with technical, cost, and schedule requirements.
Develop, monitor, and update detailed program plans, schedules, and resource needs to meet customer milestones within established processes.
Lead Integrated Product Teams (IPTs) by coordinating engineering, operations, and supply chain to ensure manufacturable designs, cost targets, and successful new product introduction.
Serve as primary customer interface through regular communication, progress reviews, scope management, and formal change-control processes.
Manage program cost, schedule, risks, and issues using standardized project management tools; drive mitigation actions and ensure stakeholder alignment.
Facilitate smooth transition from development to production and lead preparation, collection, and communication of program metrics to internal and external stakeholders.
Minimum Qualifications:
Experience: 10 + years’ experience in Program Management or related project management type position.
Knowledge: Proficient in Program Management philosophies and processes. Possess sufficient technical aptitude to understand design and production processes relate to Crane A&E products.
Skills/Abilities: Demonstrated Leadership Skills, Results Focus, Customer Service Orientation, Action Orientation, Planning & Organizing, Teamwork & Cooperation, Business Acumen, Decision-Making Skills; Proficiency in Microsoft Project and other PC based office tools.
Education/Certification: BS degree in Engineering or technical discipline.
Eligibility Requirement: This position may require access to Controlled Data or Information. Where the position requires such access only US Persons will be considered. As a US Department of Defense contractor, we are bound by International Traffic in Arms Regulations (ITAR). Applicants selected could be subject to a Government security investigation and must meet the eligibility requirements for access to classified information.
Preferred Qualifications:
Some experience in a technical field preferred, preferably aerospace.
MBA or comparable advanced management degree
Formal training in Program and / or Systems Management (PMI or equivalent)
Experience in engineering product development and certification processes
Working Conditions:
Standard office environment
Work requires substantial visual concentration on detail
Working conditions are normal for a manufacturing environment
Manufacturing operations may require the use of safety equipment to include but not limited to: eye safety glasses, gowning, masks, hearing protectors, heel/wrist straps and any other required PPE
May be exposed to unusual environmental conditions such as loud noises, cold temperatures, confined spaces, dust or fumes
Travel up to 10%
Standing: 20% *percentage is approximate and may vary depending on work task
Sitting: 80% *percentage is approximate and may vary depending on work task
Lifting (in pounds): up to 20 pounds
Pushing (in pounds): up to 20 pounds
Mental/Visual: use of computer
Workspace (line, cube, etc): Office or Cube
Top Benefits:
As a team member at Crane Aerospace and Electronics, you’ll enjoy:
Benefits: Health care, dental, vision, life and disability insurance starting the first day of the month
Time Off: 15 days of paid time off that start accruing your first day at Crane and 12 paid holidays per year.
401k Retirement Plan: 401k plan with company match
Education Reimbursement: eligible after 6 months of employment
You can see a list of our benefits at https://www.craneae.com/company/careers or visit our website at www.CraneAE.com for more information on our company and great opportunities.
We are committed to operational excellence and world class processes. We employ Lean manufacturing techniques to optimize manufacturing efficiency and accuracy on all product lines. Our products are known for their technical strength, proven reliability and overall value.
In our efforts to maintain a safe and drug-free workplace, Crane Aerospace & Electronics requires that candidates complete a satisfactory background check. FAA sensitive positions require employees to participate in a random drug test pool.
#LI-DA1 #CAE
Salary range: $147,300 - $183,000 Several factors contribute to actual salary, including experience in a similar role or performing comparable job responsibilities, skills, training, and other qualifications. Some roles may be eligible for participation in performance-based bonus programs.
This description has been designed to indicate the general nature and level of work being performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Crane Company. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, gender, sexual orientation, general identity, national origin, disability or veteran status.
About the company
Crane Co. designs and supplies engineered industrial products and solutions across a diversified portfolio. Its products are built into customer systems through Crane’s engineering and manufacturing capabilities, emphasizing reliability and performance. It differentiates itself with a 150-year history, a formal Crane Business System, ethical conduct, disciplined execution, and a strategy to link its businesses and use free cash flow for acquisitions. Its goal is to create value for customers, suppliers, shareholders, and other stakeholders through disciplined operations and strategic growth.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Stamford, Connecticut
Founded
1855
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Simplify's Take
What believers are saying
- July 28, 2026 results raised EPS guidance to $6.85-$7.05 and backlog grew.
- SpaceX, Blue Origin, GE RISE, and Otto Aerospace wins expand aerospace content.
- Municipal water exposure from Floway and Wemco adds recurring aftermarket demand and resilience.
What critics are saying
- Integration of four January 2026 acquisitions and Trillium distracts management through 2027.
- Trillium’s $240 million deal needs regulatory approval, delaying municipal-water synergies.
- Aerospace quality escapes or certification failures would crater trust and stall backlog conversion.
What makes Crane Co. unique
- Crane owns mission-critical aerospace and process-flow niches with entrenched qualification barriers.
- Its brands sell into installed-base aftermarket demand, especially pumps, valves, and sensors.
- Management executes a repeatable bolt-on playbook, proven by January 2026 and September 2026 deals.
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Benefits
- Health Insurance
- 401(k) Retirement Plan
- Remote Work Options
- Flexible Work Hours
- Paid Vacation
- Paid Holidays
- Paid Sick Leave
- Hybrid Work Options
- Wellness Program
- Mental Health Support
- Conference Attendance Budget
- Professional Development Budget
Growth & Insights and Company News
6 month growth
2%1 year growth
3%2 year growth
1%Stamford industrial manufacturer to acquire water pump business for $240M. September 16, 2026 The deal will allow Crane Co. to add a business expected to generate $115 million in 2026 revenue. Get instant access to this article. * Critical Hartford and Connecticut business news updated daily. * Immediate access to all subscriber-only content on our website. * Bi-weekly print or digital editions of our award-winning publication. * Special bonus issues like the Hartford Book of Lists. * Exclusive ticket prize draws for our in-person events.
Crane Company announces agreement to acquire U.S. Water pump business from First Reserve-Backed Trillium Flow Technologies. 09/14/2026 STAMFORD, Conn.-(BUSINESS WIRE)- Crane Company (NYSE:CR) ("Crane" or the "Company"), a premier industrial manufacturing and technology company, today announced that it has entered into a definitive agreement to acquire the U.S. pump business from First Reserve-Backed Trillium Flow Technologies, a leading provider of highly engineered pump technologies primarily serving the U.S. municipal water and wastewater markets for approximately $240 million, representing a multiple of approximately 14.6x estimated 2026 adjusted EBITDA. This acquisition brings highly recognized brands including Floway, Wemco, Roto-Jet and WSP which are mission-critical pumping solutions used primarily across municipal water and wastewater applications. The business benefits from a large installed base of equipment that supports recurring service, repair, retrofit, and replacement demand throughout the asset lifecycle. "These brands are an excellent strategic fit that enhances the quality, durability, and growth profile of our Process Flow Technologies segment," said Alex Alcala, President and Chief Executive Officer of Crane Company. "It expands our position in highly engineered pump technologies, increases our exposure to resilient water and wastewater markets, and brings a large installed base that generates recurring aftermarket demand. Just as importantly, we see multiple opportunities to increase the development of innovative products and solutions for our customers and create value by combining these strong brands and technologies with Crane's proven operating system and commercial excellence capabilities." The acquired business expects full year revenue of approximately $115 million. The transaction is expected to close in the fourth quarter and will be subject to customary closing conditions, including applicable regulatory approvals. About Crane Company Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms, Aerospace & Advanced Technologies and Process Flow Technologies. Crane has approximately 8,300 employees in the Americas, Europe, the Middle East, Asia and Australia. For more information, visit www.craneco.com. Forward-Looking Statements Disclaimer This press release contains forward-looking statements within the meaning of the federal securities laws. Any statements contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly are based on management's current assumptions, expectations, and beliefs. Forward-looking statements are subject to risks and uncertainties that could lead to actual results differing materially from those expected or implied. Risk factors are discussed in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof, and Crane assumes no (and disclaims any) obligation to revise or update any forward-looking statements.
Crane Q2 earnings call highlights. July 29, 2026 Crane NYSE: CR reported record second-quarter results for 2026, citing core sales growth, margin expansion, rising backlog and stronger-than-expected contributions from its January acquisitions. The company raised its full-year adjusted earnings outlook to $6.85 to $7.05 per share, an increase of $0.20 at the midpoint. President and CEO Alex Alcala said the quarter reflected "strong execution across the company and continued momentum across our portfolio." Total sales increased 26% from a year earlier, including 5% core growth, while adjusted operating profit rose 37%, according to Executive Vice President and CFO Rich Maue. Total company adjusted operating margin expanded 180 basis points to a record 21.3%. Maue said the improvement reflected higher core sales, acquisitions, productivity initiatives and favorable pricing net of inflation. The company said its adjusted results excluded a benefit from IEEPA tariff recoveries during the quarter, which it characterized as one-time recoveries not expected to materially recur during the remainder of the year. Aerospace segment posts double-digit core growth. Crane's Aerospace & Advanced Technologies segment generated $339 million in second-quarter sales, up 31% from the prior year. Core sales rose 13.3%, led by broad-based commercial aerospace and defense demand. The segment's backlog reached nearly $1.3 billion, rising 11% on a core basis from a year earlier and 7% sequentially. Including the Druck acquisition, backlog increased 20% year over year. Discover more My MarketBeat Portfolio EV Market Analysis Alcala said Crane saw strength across commercial and military aerospace, including new program wins. During the quarter, the company was selected to supply components for GE's RISE program and announced it would provide a brake control system for the Otto Aerospace Phantom 3500 business jet. Crane also cited growing defense-related demand. Alcala said the company has about $35 million of current content across more than 10 missile programs, including systems related to THAAD, Patriot and Tomahawk. Customer requests for quotations and forecasts indicate demand that could expand fourfold or fivefold by the end of the decade, he said. For the full year, Crane now expects Aerospace & Advanced Technologies core sales growth to finish slightly above its long-term range of 7% to 9%. Segment adjusted operating margin was 25.8%, compared with 26.6% a year earlier, as the acquired Druck business had a dilutive effect on margins. Maue said the segment would have been roughly 100 basis points more profitable in the quarter without the acquisition's impact. Process Flow backlog improves sequentially. Process Flow Technologies recorded sales of $386 million, up 21% from the prior-year period. Core sales declined 1.4%, while the Panametrics, Reuter-Stokes and optek acquisitions added nearly 22 percentage points of growth. Foreign exchange added 0.8 percentage points. Although core foreign-exchange-neutral backlog was down 2% from a year earlier, it increased 2% sequentially. Core orders were approximately flat year over year. The segment posted adjusted operating margin of 22.2%, up about 80 basis points from the prior-year quarter despite acquisition-related dilution. Management said demand and orders strengthened during the quarter, supporting expectations for year-over-year core growth to turn positive in the second half. Alcala pointed to improving quote activity and signs of recovery in chemical production, particularly in the Americas, alongside continued demand in industrial power generation, water and wastewater, cryogenics and nuclear-related markets. Crane secured cryogenic projects from SpaceX and Blue Origin during the quarter. The company also said it continues to support nuclear-facility restarts, including Constellation Energy's Crane Clean Energy Center, while pursuing future opportunities in pressurized-water reactors and small modular reactors through Reuter-Stokes. The company maintained its full-year Process Flow Technologies outlook for core growth ranging from flat to low single digits. Maue said both volume and price are expected to contribute to second-half growth, and management expects strong operating leverage as volumes improve. Acquisitions outperform initial expectations. Crane said the four businesses acquired in January - Panametrics, Druck, Reuter-Stokes and optek - are performing ahead of plan. Management said integrations are progressing faster than expected, synergies are arriving sooner and additional growth and margin opportunities have been identified. As a result, Crane increased its expectation for the acquisitions' full-year earnings contribution to about $0.20 per share, up from approximately $0.15 per share previously. Maue said the company originally expected the acquired portfolio to grow 4% to 6% and improve margins by 200 basis points in 2026, later increasing the margin expectation to 300 basis points. He now expects growth to exceed the original range and margin improvement to reach roughly 350 basis points or more for the year. Balance sheet supports M&A focus. Crane repaid $100 million of debt during the quarter and another $90 million after quarter-end, reducing pro forma net leverage to about 1.2 times. The company said its target leverage range is 2 times to 3 times and that acquisitions remain its primary capital-allocation priority. Alcala said Crane's pipeline of potential deals has "never been stronger" across both Aerospace & Advanced Technologies and Process Flow Technologies, though he said there was nothing imminent to announce. The company is seeking highly engineered, mission-critical technologies that can strengthen its franchises, expand exposure to attractive markets and support long-term margin expansion. For the second half, Crane expects third-quarter results to be similar to the second quarter, followed by a modestly lower fourth quarter due to normal seasonality. The company continues to forecast 2026 corporate expense of $80 million to $85 million, net non-operating expense of about $58 million and a tax rate of approximately 23%. About Crane (NYSE:CR). Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation. With roots dating back to its founding in 1855 in Chicago by R.T. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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Crane Company reported record second-quarter 2026 results and raised its full-year adjusted earnings guidance. The company posted adjusted earnings per share of $1.79, up from $1.52 in the same quarter last year. Second-quarter sales increased 25.6% year-over-year, driven by 5.2% core sales growth, a 19.8% contribution from acquisitions, and favourable foreign exchange. Operating profit rose 40.2% to $144.3 million. The company's Aerospace & Advanced Technologies segment saw sales increase 31.3% to $339.1 million, whilst Process Flow Technologies sales grew 20.9% to $385.6 million. Both segments benefited from recent acquisitions. Crane raised its full-year adjusted EPS guidance to $6.85-$7.05 from the previous range of $6.65-$6.85. The company now expects total sales growth in the mid-20% range.
Y Intercept Hong Kong Ltd buys 37,001 shares of Crane $CR. July 4, 2026 Key points. * Y Intercept Hong Kong Ltd boosted its stake in Crane by 210.3% in the first quarter, buying 37,001 additional shares and bringing its total holding to 54,594 shares worth about $9.34 million. * Crane's latest quarterly results topped expectations, with earnings of $1.65 per share versus the $1.44 estimate and revenue of $696.4 million, up 24.9% year over year. * Analysts remain broadly positive on the stock, with a consensus Buy rating and an average price target of $226.33, while the shares recently traded around $217.81 after a slight gain. * Five stocks to consider instead of Crane. Y Intercept Hong Kong Ltd increased its position in Crane (NYSE:CR - Free Report) by 210.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,594 shares of the conglomerate's stock after buying an additional 37,001 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of Crane worth $9,336,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its holdings in shares of Crane by 314.8% during the third quarter. Tudor Investment Corp ET AL now owns 74,801 shares of the conglomerate's stock valued at $13,774,000 after buying an additional 56,768 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Crane by 44.2% during the third quarter. JPMorgan Chase & Co. now owns 183,787 shares of the conglomerate's stock worth $33,843,000 after acquiring an additional 56,324 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Crane in the 3rd quarter worth about $3,709,000. Geode Capital Management LLC lifted its position in Crane by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 917,679 shares of the conglomerate's stock valued at $169,282,000 after acquiring an additional 35,441 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Crane by 92.7% in the 4th quarter. Hsbc Holdings PLC now owns 113,556 shares of the conglomerate's stock valued at $21,198,000 after acquiring an additional 54,619 shares in the last quarter. 75.14% of the stock is owned by institutional investors. Insider buying and selling. In other Crane news, Director Susan D. Lynch purchased 150 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $177.38 per share, for a total transaction of $26,607.00. Following the completion of the acquisition, the director owned 370 shares of the company's stock, valued at $65,630.60. The trade was a 68.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.12% of the company's stock. Analysts set new price targets. A number of analysts have commented on CR shares. Stifel Nicolaus raised Crane from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $200.00 to $215.00 in a report on Wednesday, April 29th. Wall Street Zen lowered Crane from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. DA Davidson reaffirmed a "buy" rating and set a $235.00 target price on shares of Crane in a research report on Monday, June 1st. Finally, Weiss Ratings downgraded Crane from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $226.33. Crane stock up 0.1%. Crane stock opened at $217.81 on Friday. Crane has a fifty-two week low of $159.58 and a fifty-two week high of $226.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. The firm's 50-day simple moving average is $192.69 and its 200 day simple moving average is $190.95. The stock has a market cap of $12.58 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. Crane (NYSE:CR - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.65 EPS for the quarter, beating the consensus estimate of $1.44 by $0.21. Crane had a net margin of 13.10% and a return on equity of 24.45%. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $672.74 million. During the same quarter last year, the business posted $1.39 EPS. The company's revenue for the quarter was up 24.9% on a year-over-year basis. Crane has set its FY 2026 guidance at 6.650-6.850 EPS. Research analysts predict that Crane will post 7.87 EPS for the current fiscal year. Crane announces dividend. The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane's dividend payout ratio (DPR) is presently 18.35%. Crane company profile. Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation. With roots dating back to its founding in 1855 in Chicago by R.T. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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