CHARLOTTE, N.C.--(BUSINESS WIRE)--
Curtiss-Wright Corporation (NYSE: CW) today announced that it has been
awarded a five year Indefinite Delivery/Indefinite Quantity (IDIQ)
contract valued at $86 million by Edwards Air Force Base (AFB) – Air
Force Test Center (AFTC) to provide its aerospace instrumentation
technology for use on the High Speed Data Acquisition System (HSDAS)
program. Under the agreement, Curtiss-Wright is providing Edwards AFB
with data acquisition systems, network switches, recorders, telemetry
systems, and ground station systems. The sole source contract provides
products, enhancement/upgrade, repair services, field service, and
technical support to the HSDAS equipment.
“We are pleased to have been selected by Edwards Air Force Base to
provide our aerospace instrumentation technology for use on the Air
Force Test Center’s High Speed Data Acquisition System,” said David C.
Adams, Chairman and CEO of Curtiss-Wright Corporation. “This contract
reflects the largest award received by our Teletronics Technology
Corporation (TTC) acquisition since joining Curtiss-Wright in early
2017, and is a strong example of our long-standing relationships and
continued support of critical U.S. flight test center platforms.
Further, it reinforces our commitment to providing the most advanced and
reliable integrated high speed flight test instrumentation systems.”
Curtiss-Wright is performing the work at its TTC facility in Newtown,
Pa., a business unit of Curtiss-Wright’s Defense Solutions division
within the Defense segment. Engineering and manufacturing has commenced
and will continue through 2022. The products are being shipped to
Edwards Air Force Base, Calif.
The Company’s previously completed IDIQ contract on the HSDAS program
was valued at $73 million, over $71 million of which was exercised. For
more information about Curtiss-Wright’s Defense Solutions division
products, please visit www.curtisswrightds.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 8,000 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 revenue and
performance of our aerospace instrumentation products, the continued
relationship with an existing customer, the successful implementation
and the success of this aerospace program 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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Source: Curtiss-Wright Corporation