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July 31, 2020 | International, Naval
Davidson, N.C.— July 28, 2020 - (BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded contracts valued in excess of $220 million to provide propulsion valves, pumps and advanced instrumentation and control systems for the U.S. Navy's Virginia-class nuclear powered attack submarine, Columbia-class submarine and Ford-class aircraft carrier programs.
The awards were received from Bechtel Plant Machinery, Inc. (BPMI) and General Dynamics Electric Boat to support ship construction, spare parts and submarine back-fit procurements.
“Curtiss-Wright is proud to have been awarded these important naval defense contracts, building upon our long-standing relationship with the U.S. Nuclear Navy and reflecting our ongoing support of these critical naval defense platforms, which continue to receive strong Congressional support,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “We look forward to delivering the most advanced, reliable and vital technologies and remain well-positioned to benefit from the continued expansion of our U.S. naval fleet.”
Curtiss-Wright is performing this work at its facilities in New York and Pennsylvania within the Company's Defense and Power Segments. Engineering and manufacturing has commenced and will continue through 2024.
For over 60 years, Curtiss-Wright has ensured safe, reliable operations by supplying innovative, high-performance products for every nuclear submarine and aircraft carrier commissioned by the U.S. Navy. In addition, Curtiss-Wright technologies, such as power-dense motors and enhanced valve designs, enable more efficient operations, reduce manpower and cost, and increase safety. For more information on Curtiss-Wright's Defense Segment and Power Segment products for the U.S. Navy, please visit www.cwdefense.com or www.cw-ems.com, respectively.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,900 people worldwide. For more information, visit www.curtisswright.com.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our pump and valve products, the continued relationship with an existing customer, the continued funding of these programs by the U.S. Navy, the successful implementation of our products into these naval defense programs, the overall success of these naval defense programs and future opportunities associated with these programs, are not considered historical facts and are considered forward-looking statements under the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in US and Foreign government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies.
Please refer to the Company's current SEC filings under the Securities Exchange Act of 1934, as amended, for further information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200728005570/en/
Jim Ryan
(704) 869-4621
jim.ryan@curtisswright.com
Source: Curtiss-Wright Corporation
View source version on Curtiss-Wright Corporation: https://www.curtisswright.com/news/press-releases/news-release-details/2020/Curtiss-Wright-Awarded-Contracts-Valued-in-Excess-of-220-Million-to-Support-Critical-U.S.-Naval-Defense-Platforms/default.aspx
July 28, 2024 | International, Aerospace
The study could drive changes to future tranches of Space Development Agency and Space Systems Command satellites.
June 11, 2020 | International, Aerospace
The French government has pledged to buy new military heavy-lift helicopters and accelerate plans for naval drone, ISTAR and tanker aircraft programmes as part of a wider economic stimulus package, worth €15 billion ($17 billion), aimed at protecting the country's aviation industry from faltering under the strain of COVID-19. Based on the PlanAero initative, a decision to specifically issue the defence industry with funding of €600 million means that eight H225M rotary platforms will be ordered, while orders for three A330 MRTT and one Beechcraft King Air 350 ALSR will be expedited. VSR700 rotary-wing UAS and Aliaca mini drone plans have also been brought forward. The H225M order confirms that Paris will opt for it as a replacement for legacy French Air Force Puma helicopters while the new A330 MRTT arrangements will lead to retirement of the A340 being reset from 2028 to this year. A310s will similarly be taken out of service in 2021 – two years earlier than scheduled. The ALSR is under contract with Thales and Sabena Technics with a host of additional French suppliers contributing to the programme, including Ecrin, Aquitaine Electronics, Arelis, Avantix, Elvia and Protoplane, although a 9 June announcement from the French Ministry of Armed Forces does not mention a delivery date for the aircraft. PlanAero unmanned details include the addition of a second VSR700 demonstrator as part of the French Navy's SDAM programme but new commitments for the effort and the navy's SMDM mini drone programme stop short of exact order quantities. SDAM has been contracted to Airbus and Naval Group who have designed the in-development VSR700 from the Cabri G2 light helicopter, while SurveyCopter supplies the Aliaca for SMDM. 'This additional SDAM demonstrator will enable the programme to further secure the next steps, and in particular the development of technologies and the refinement of specifications to meet the French Navy's operational requirements,' an Airbus spokesperson told Shephard. The VSR700 is due to enter service in 2028 and boasts a 500-1,000kg MTOW capability. In November 2019, Airbus announced the platform had undergone tethered flight testing with future free flight trials anticipated. A VSR700 demonstrator phase. to include ship-based flights off French Navy frigates, has been laid out as part of risk reduction activities that were originally due to be completed by 2021. Shipborne deployments from the future FTI medium frigate are a longer-term target. Following on from France's aviation support plan, the European Commission warned on 10 June that budgetary pressures stemming from COVID-19 could impact member states, calling on them to 'spend better together'. In a joint statement Josep Borrell, VP of the European Commission and Thierry Breton, European Commissioner for the Internal Market, said that common capabilities, critical technologies and infrastructure must be strengthened but they questioned if Europe had given itself 'the means to do so'. https://www.shephardmedia.com/news/defence-helicopter/french-aviation-rescue-plan-bets-defence-helicopte/
July 17, 2024 | International, C4ISR, Security