DAVIDSON, N.C.--(BUSINESS WIRE)--
Curtiss-Wright Corporation (NYSE: CW) today announced that it has been
awarded a contract valued in excess of $85 million to provide main
propulsion steam turbines and auxiliary equipment for the U.S. Navy’s
Ford-class aircraft carrier Enterprise (CVN 80). The award was
received from Huntington Ingalls, Newport News Shipbuilding (HII-NNS) to
support planned ship construction.
“We are pleased to have been awarded this important naval defense
contract, underscoring Curtiss-Wright’s long-standing relationship with
the U.S. Navy and continued support of their critical platforms which
continue to receive strong Congressional support,” said David C. Adams,
Chairman and CEO of Curtiss-Wright Corporation. “This contract reflects
the first award received by our Dresser-Rand government business
acquired on April 2, 2018, and ensures that we will continue to provide
the most advanced and reliable steam turbine technologies to Newport
News Shipbuilding and the U.S. Navy. Further, our innovative products
and reliable solutions continue to support the U.S. Navy’s cost and
delivery targets, and reinforce the fleet readiness commitments for the
aircraft carrier platform.”
Curtiss-Wright is performing the work within its EMS division in the
Power segment. Engineering and manufacturing will commence in 2018 and
will continue through at least 2022. The products will be shipped to
Newport News Shipbuilding in Virginia.
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 EMS division products, please visit http://www.cw-ems.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
steam turbine and auxiliary products, the continued relationship with an
existing customer, the successful implementation and the success of this
naval defense 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