Curtiss-Wright Receives Multi-Million Dollar Contract From U.S. Naval Air Systems Command
To Supply Ship-Borne Helicopter Recovery Assist, Secure and Traverse System
(firmenpresse) - FALLS CHURCH, VA -- (Marketwired) -- 04/25/13 -- Curtiss-Wright Flow Control Company (NYSE: CW) today announced that it has received an option award to its existing Naval Air Systems Command contract for the manufacture of an additional Recovery Assist, Secure and Traverse (RAST) system, and related track components and spares, to support the DDG 51 Flight IIA forward-build program. The multi-million dollar option award covers the supply of equipment for the future DDG 51 IIA hull number DDG 116.
We are very pleased to continue our support of the U.S. Navy's critical DDG 51 ship build program. The continued supply of the RAST system demonstrates our engineering expertise in providing advanced performance, reliable equipment designs and increased operational efficiency to the naval defense industry. It is another example of the depth of our technology portfolio and the benefits it brings to our customers.
INDAL Technologies, a business unit of Curtiss-Wright's Flow Control segment, based in Mississauga, Ontario, Canada, will perform the work for this contract, with delivery scheduled for late 2014.
RAST is a helicopter handling system that fully integrates all of the functions required to safely operate and stow large ship-borne helicopters. In addition to enabling safe launch and recovery, RAST facilitates the securing and maneuvering of helicopters, particularly in adverse weather and sea conditions up to sea state 5. Curtiss-Wright has delivered more than 200 of its integrated aircraft handling systems to navies around the world.
Curtiss-Wright Flow Control (CWFC) specializes in the design and manufacture of highly engineered valves, pumps, motors, generators, electronics and related products for the commercial nuclear power industry, oil and gas processing facilities, a range of critical national defense programs and the industrial controls market. CWFC's innovative, high performance products are installed on submarines and aircraft carriers owned by the U.S. Navy and set the standard for safety, quality and reliability in the operation of power plants and other industrial sites worldwide. Based in Falls Church, VA, the company has more than 3,400 employees worldwide. For more information, visit .
Curtiss-Wright Corporation (NYSE: CW) is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control, motion control and surface treatment technologies to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation and prides itself on long-standing customer relationships. The company employs approximately 10,000 people worldwide. For more information, visit .
With over 50 years of experience, INDAL Technologies, a business unit of Curtiss-Wright Flow Control Company, is a world leader in the design and development of ship-borne helicopter handling systems, cable handling systems, specialized structures and other sophisticated systems for the U.S. and international navies. The company combines a high level of engineering and manufacturing capability with expertise in the management of large and complex defense programs to provide unique solutions and deliver profound value for its customers. Its industry leading manufacturing practices, adherence to ISO quality system requirements, program management and control systems ensure product excellence. For more information, visit: .
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 Flow Control Company's expectations of future performance of our products, the value of the contract, the continued relationship with an existing customer, the successful implementation and funding of this U.S. government 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 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.
Contact:
Anthony Fabbo
631-396-4632
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Datum: 25.04.2013 - 06:27 Uhr
Sprache: Deutsch
News-ID 1220224
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