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
November 9, 2023 | International, Naval
FAST Labs™ research and development organization awarded a $5 million contract from the Office of Naval Research.
August 20, 2019 | International, Aerospace
CEDAR RAPIDS, Iowa (Aug. 19, 2019) – Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), will play an important role in maintaining the readiness of the Royal Netherlands Air Force (RNLAF) F-35 and CH-47F fleets by providing local field service engineers, test capabilities and the first F-35 global pilot readiness center. The company recently signed a multi-platform Letter of Intent with the RNLAF to provide support at both Soesterberg, and Woensdrecht Air Base, The Netherlands. A highlight of the Letter of Intent is that it foresees a first-of-its-kind pilot readiness center that would provide on-location helmet fitting, flight simulators and altitude chamber training for F-35 pilots. In addition, Collins Aerospace intends to provide local field service engineers and test capabilities at the Woensdrecht Air Base to reduce turnaround time on CH-47Fs and maintain the RNLAF fleet's readiness levels. Collins Aerospace has an unmatched level of expertise on both platforms as the original equipment manufacturer for the avionics suite of the CH-47F Chinook, and components in the F-35 Helmet and flight simulator. “Collins Aerospace and the RNLAF are working toward a common goal of supporting the new F-35 pilot readiness center and maximizing the availability of CH-47F avionics,” said Craig Bries, vice president and general manager, Avionics Service and Support for Collins Aerospace. “Our legacy as an avionics leader makes us the perfect partner to help ensure these fleets are ready at a moment's notice.” Work to establish the pilot readiness center, and to place local support personnel, is slated to begin in early 2020. https://www.collinsaerospace.com/newsroom/News/2019/08/maintaining-mission-readiness-collins-support-f35-ch47f-fleets-royal-netherlands-air-force
November 2, 2024 | International, Land