31 juillet 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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  • The US Air Force’s top acquisition exec talks hypersonic prototypes and more

    31 juillet 2018 | International, Aérospatial

    The US Air Force’s top acquisition exec talks hypersonic prototypes and more

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You can count them,” he says. “But the internet is not something that's easy to count or quantify, even though we're all very aware of its power.” The Air Force has briefed congressional defense committee staffs on the ABMS concept, but some remain skeptical. A Capitol Hill staffer familiar with the ABMS program doubts that other services will support the Air Force's vision. The ABMS model also appears unlikely to be embraced by industry, the staffer says. A key point of Roper's plan requires companies to cede some intellectual property rights on key elements of the ABMS architecture to the Air Force. But the Air Force is not waiting. Development of the ABMS started last year, even before an analysis of alternatives is completed. In December, the service staged the first demonstration of four new capabilities: transmitting data on a low-probability of intercept link via a gateway between stealthy Air Force and nonstealthy Navy fighters; connecting a C-130 to the SpaceX Starlink satellite constellation; demonstrating a cloud-based, command-and-control network up to a “secret” classification level; and setting up an unclassified common operational picture display at a remote command center inside a tent. As the second in the planned series of triannual events, the Air Force plans to stage the next ABMS demonstration in April, this time involving U.S. Space Force, Strategic Command and Northern Command. Roper, an Oxford-trained physicist, has little patience for the military's traditional development process, although he has made exceptions for complex, hardware-driven programs, such as the Northrop Grumman B-21 bomber and the Ground-Based Strategic Deterrent. For most other programs, Roper wants to trickle out new features at Silicon Valley-speed. A common refrain by military acquisition reformers for decades has been to emphasize delivering an incomplete, “80% solution” sooner than waiting for a system that meets each of sometimes hundreds of detailed requirements. However, for Roper the timeline for delivering even an 80% solution in certain cases is far too long. “[We should] covet the 10-15% solutions that take the next step forward,” Roper said. “Because the learning in that step is so valuable to keep the velocity.” To execute the ABMS vision, Roper appointed Preston Dunlap last year as the lead architect. Unlike a traditional program executive officer (PEO), the architect is a role introduced to the Air Force by Roper, who previously in his career served as the chief architect for the Missile Defense Agency. The six components and 28 production lines for the ABMS are spread across multiple program offices, rather than consolidated under a single PEO. Thus, the role of the architect is to define the vision and then shape acquisition schedules as the various technologies reach maturity. Under Dunlap's architecture, the ABMS is built around six components: new sensors feeding databases in a cloud-based computing environment using software-defined radios, with new apps fusing the data into a common operational picture and integrated effects allowing cruise missiles, for example, to automatically retask sensors on other platforms during flight. Among the 28 product lines, the Air Force proposes to own the rights to the radar, software-defined radio and communications gateway. The Air Force's role resembles the lead systems integrator (LSI) model used for a series of largely failed acquisition programs 15-20 years ago, including the Army's Future Combat System and Coast Guard's Deepwater. In this case, however, the LSI is the Air Force, not an industrial supplier. Such an approach is not unprecedented. The Navy is using a similar model to manage the MQ-25A program, with Boeing selected as a subcontractor to deliver the air vehicle and Naval Air Systems Command providing the ground station and integrating both on an aircraft carrier. The gateway used in the first ABMS demonstration in December offers an example, Roper says. “We took a radio system that was actually built in concert with Northrop Grumman and Lockheed Martin to be able to deal with both platforms with the waveforms, and then a Honeywell antenna was able to speak across the frequencies associated with both radio systems,” Roper said. “So we got those three primary vendors working together underneath our government leadership.” https://aviationweek.com/defense-space/us-air-force-defines-radical-vision-command-control

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