Marine Corps eyeing more recon boats from Australian ‘Whiskey Project’

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  July 31, 2020 | International, Naval

  Curtiss-Wright awarded contracts valued in excess of US$220 million to support critical U.S. Naval Defence Platforms

  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

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  March 6, 2024 | International, Land

  Army chooses Palantir to build next-generation targeting system

  Under the $178 million deal, Denver-based Palantir will deliver 10 TITAN ground stations over the next two years.

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  December 18, 2019 | International, Aerospace

  BAE Systems to get new CEO in April

  WASHINGTON — BAE Systems Chief Executive Jerry DeMuro will hand over leadership to Tom Arseneault next year, the company announced Tuesday. Arseneault will transition from chief operating officer to CEO of the U.S. subsidiary of U.K.-based BAE Systems plc in April, with DeMuro taking on a newly created role of executive vice president of strategic initiatives. DeMuro will also continue to serve on the board of directors. “I think it is one of the primary responsibilities you have, as a CEO, to develop the talent,” DeMuro told Defense News when asked about succession planning in an exclusive interview Dec. 7, during the Reagan National Defense Forum. “And leadership succession, in particular CEO succession, isn't always smooth. I think this is a natural progression, making it smooth for our customers, our shareholders, all stakeholders and our employees. “It's just about progressing to that point where we on the board feel it's time to hand that baton off.” DeMuro has served as CEO since 2014, when he succeeded Linda Hudson. Among his key priorities during the last five years has been unifying a business primarily born out of acquisition. With Tom's April appointment, Jerry will transition to an advisory role, providing advice and counsel to leadership with both BAE Systems Inc. in the U.S. and BAE System plc in Europe on a number of priority programs. Within the scope of his responsibilities will be chairing the internal program reviews for several key international pursuits. He will also continue to advance the defense industry's positioning regarding evolving cybersecurity requirements. Arseneault, who in May also added “president” to his title and was elected to the company's board, is currently responsible for delivering business and functional performance across the company's three sectors. He's been with BAE for 22 years, having previously served as president of the company's electronic systems sector and executive vice president of the product sectors. “If you've been watching, we had him as the COO [chief operating officer] for several years. I also had him doing strategy and corporate development, and rounding out his portfolio" across the various business units, DeMuro said. “[I]t's just about getting him prepared, and making sure our stakeholders are comfortable.” BAE is currently in low-rate production for the U.S. Army's Armored Multi-Purpose Vehicle to replace the M113 armored personnel carrier and family of vehicles. It's also scheduled to deliver its prototype for the Mobile Protected Firepower vehicle program by 2021 — required ultimately to be a 105-120mm cannon and a tracked vehicle that can withstand a classified level of enemy fire. DeMuro has pointed to electronic warfare as another key priority area for the company, delivering capabilities to the F-35 and all other fifth-generation fighter jets, as well as precision-guided munitions and technologies that support space resiliency. Parent company BAE Systems in the U.K. ranked seventh on the Defense News Top 100 list of the largest defense companies in the world. Defense revenue has dropped from $25.45 billion in 2015 to $22.48 billion in 2018. The U.S. subsidiary oversees one of the companies largest operations from Arlington, Virginia. https://www.defensenews.com/industry/2019/12/17/bae-systems-to-get-new-ceo-in-april