DAVIDSON, N.C.--(BUSINESS WIRE)--
Curtiss-Wright Corporation (NYSE: CW) today announced that it has been
awarded a contract valued in excess of $28 million to provide valves for
the U.S. Navy’s Virginia-class submarines. The award was received from
Bechtel Plant Machinery, Inc. (BPMI) to support ship construction and
spare parts procurement. The contract includes FY18 orders for two ship
sets of submarine propulsion plant valves and spares.
“Curtiss-Wright is pleased to have been awarded this important naval
defense contract, which continues our long-standing relationship with
the U.S. Nuclear Navy and ongoing support of critical naval defense
platforms,” said David C. Adams, Chairman and CEO of Curtiss-Wright
Corporation. “Since the inception of nuclear powered ships,
Curtiss-Wright’s commitment to providing the most advanced and reliable
technologies has ensured our ongoing participation in these significant
defense programs, which continue to receive strong Congressional
support. Further, our innovative products and reliable solutions support
the U.S. Navy’s cost and delivery targets, while reinforcing fleet
readiness commitments.”
Curtiss-Wright is performing the work at its facility in East
Farmingdale, N.Y., a business unit of Curtiss-Wright’s Industrial
division within the Commercial/Industrial segment. Engineering and
manufacturing has commenced and will continue through 2022.
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 Industrial division products, please visit http://www.cw-valvegroup.com/.
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 8,600 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
valve products, the continued relationship with an existing customer,
the successful implementation and the success of these naval defense
programs and future opportunities associated with this program, 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.
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Curtiss-Wright Corporation
Jim Ryan, 704-869-4621
jim.ryan@curtisswright.com
Source: Curtiss-Wright Corporation