Curtiss-Wright Awarded Contracts Valued in Excess of $130 Million to Support Critical U.S. Naval Defense Platforms
15 5월 2024 - 9:30PM
Business Wire
Curtiss-Wright Corporation (NYSE: CW) today announced it has
been awarded contracts valued in excess of $130 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) to support ship construction, spare parts and submarine
back-fit procurements.
“Curtiss-Wright is pleased 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 Lynn M. Bamford,
Chair 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 Electronics and
Naval & Power Segments. Engineering and manufacturing have
commenced and will continue through 2029.
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
Electronics Segment and Naval & Power Segment products for the
U.S. Navy, please visit www.cwdefense.com or
www.curtisswright.com/organization/naval-power/, respectively.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE: CW) is a global integrated
business that provides highly engineered products, solutions, and
services mainly to Aerospace & Defense markets, as well as
critical technologies in demanding Commercial Power, Process, and
Industrial markets. We leverage a workforce of approximately 8,600
highly skilled employees who develop, design, and build what we
believe are the best engineered solutions to the markets we serve.
Building on the heritage of Glenn Curtiss and the Wright brothers,
Curtiss-Wright has a long tradition of providing innovative
solutions through trusted customer relationships. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515751801/en/
Jim Ryan (704) 869-4621 jim.ryan@curtisswright.com
Curtiss Wright (NYSE:CW)
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