DAVIDSON, N.C. – Curtiss-Wright Corporation (NYSE: CW) today announced that it has received a $27 million contract award from the Canadian Commercial Corporation (CCC) for the supply of Aircraft Ship Integrated Securing and Traversing (ASIST) systems. Under the agreement, Curtiss-Wright’s facility based in Mississauga, Ontario, Canada will provide its critical aircraft handling systems and support to the U.S. Naval Air Warfare Center for use on Constellation Class Frigates (FFG-62). The recent award is part of a five-year indefinite delivery, indefinite quantity (IDIQ) contract, potentially valued at nearly $100 million.

“We are pleased to have been selected by CCC to continue to provide our experience and expertise as a leading supplier of integrated shipboard helicopter handling systems operating at extreme seas conditions,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “This award reflects our commitment to provide the most advanced and reliable aircraft handling systems to support the safe landing and traversing of Naval manned aircraft for the U.S. Navy and allied forces.”

“Canadian expertise in helicopter landing systems is at the forefront of aviation safety and innovation. The success of Curtiss-Wright’s technologies reinforces Canada’s position as a global leader in this critical area of aerospace technology.” said Diane Montambault, Vice President of Contract Management and Operations, CCC.

Curtiss-Wright is a leading manufacturer of naval helicopter handling systems, undersea sensor handling, and ship aviation support systems for large and complex naval defense programs, and has secured contracts globally supporting navies in Australia, Canada, Chile, India, Singapore, Spain, Turkey and the United States.

Curtiss-Wright’s ASIST system is a proven free-deck landing system that enables helicopter landings to be made with limited human interaction in extreme sea environments. During descent, ASIST's precision Helicopter Position Sensing Equipment system continuously tracks and monitors the exact position of the aircraft, relative to the designated landing area and displays it to the pilot through a series of visual landing cues. In addition to supplying the U.S. Navy with the ASIST system, Curtiss-Wright and CCC have partnered on numerous contracts with the U.S. military over the past 40 years for hardware components, equipment, and systems including the RAST (Recovery Assist, Secure and Traverse) shipboard system for helicopters.

Curtiss-Wright is performing the work within its EMS division within the Naval & Power segment. For more information on Curtiss-Wright naval aircraft handling systems, please visit https://www.cw-ems.com/indal/.

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 8,800 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.

About CCC

CCC is Canada’s government to government contracting agency. We help build successful commercial relationships between Canadian businesses and governments around the world through our government to government contracting approach. We are also the U.S. Department of Defense designated contracting authority for procurements from Canada. To learn more about how we have facilitated billions in trade between Canadian businesses and governments around the world, visit ccc.ca.

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our aircraft handling systems products, additional contracts with an existing customer, the continued funding by the U.S. Government for the FFG program, the successful implementation of our products, the overall success of these defense programs and future opportunities associated with the installed base of 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 Belgium or 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.

CHESWICK, P.A. – Curtiss-Wright’s EMS Division today announced that it has delivered the first submarine component with an additively manufactured (AM) impeller that will be installed in a U.S. Navy vessel.

Curtiss-Wright’s Engineered Pump Division (EPD) in Bethlehem, PA, Bechtel Plant Machinery Inc. (BPMI) in Monroeville, PA, and Sintavia, LLC in Fort Lauderdale, FL, collaborated to develop, manufacture, test, and supply the first submarine component utilizing a qualified, metal additively manufactured part. Sintavia, a leader in designing and manufacturing critical additively manufactured defense components, provided the AM impeller after a thorough qualification process. This impeller was assembled into the pump and tested at Curtiss-Wright’s facility in Bethlehem, PA. 

Additive manufacturing technology offers a solution to the development of a product or component that historically has been difficult or costly to manufacture, often resulting in delays. The use of this technology is expected to provide a reliable and high-quality domestic source while also leading to shorter manufacturing lead times, increased quality, lower risk in performance, and improved delivery to further meet the needs of the U.S. Navy.

“Sintavia has proven to be an invaluable industry partner, and we are excited about the opportunity to further solidify our partnership by increasing the number of additively manufactured parts for this application and other critical naval defense components,” said David Micha, Sr. Vice President and General Manager of the EMS Division. “In addition, we are proud to be providing the first critical service equipment utilizing an additively manufactured component to the U.S. Navy’s submarine program and look forward to expanding these capabilities in the future to more efficiently serve our customer.”

“We would like to thank both Curtiss-Wright and BPMI for the opportunity to leverage Sintavia’s additive technology in the production of this critical component,” said Lindsay Lewis, Sintavia’s Corporate Vice President. “Leading-edge manufacturing processes such as AM will continue to be key differentiators in developing superior defense components in the years to come.”

Curtiss-Wright’s EPD business unit, part of Curtiss-Wright’s EMS division, and its predecessor companies have provided naval and maritime technological expertise and products since 1847. Today, EPD is a leading supplier of pumps and components that meet demanding and mission critical requirements for the world’s surface and submerged naval fleets. EPD also provides a wide range of spare and replacement parts, composite pump components, and support services for complete overhaul, upgrade, and in-field expertise. For more information, please visit www.cw-ems.com/epd.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation 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.

About Sintavia

Sintavia is the world's first all-digital Aerospace & Defense component manufacturer. A founding member of the Additive Manufacturer Green Trade Association, Sintavia is committed to the highest quality standards in the industry and holds multiple Nadcap and other aerospace accreditations. For more information visit www.sintavia.com.

About Bechtel Plant Machinery, Inc.

Bechtel Plant Machinery, Inc. (BPMI) the U.S. Naval Nuclear Propulsion Program provides high quality nuclear power plant components for submarines and aircraft carriers. For more information, visit www.bpmionline.com.

DAVIDSON, N.C. – Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded a $26 million multi-year contract by the Belgian Air Force to implement a modernization program for its aircraft arresting systems.

Under the agreement, Curtiss-Wright will provide new cable systems and related turnkey services to three airbases to support the upcoming delivery of the F-35 to Belgium, as well as safeguard its emergency takeoff and landing phases. The contract also provides various services, spares, repair, and overhaul supporting the Belgian Air Force’s military flight operations.

“As a leading global supplier of military aircraft arresting systems and support capabilities, Curtiss-Wright is proud to have the opportunity to build upon our existing relationship with the Belgian Air Force to provide new systems, aftermarket, and logistical services to support the availability and longevity of its arresting capability,” said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. “In addition, this contract further demonstrates the growing demand for our technologies in support of our defense allies and partners in NATO.”

Curtiss-Wright will successively equip the main and parallel runways of the Florennes, Kleine-Brogel, and Bevauchain Air Bases to drive complete standardization of all air base configurations. In addition, Curtiss-Wright’s ESCO SmartArrest® system, a unique, computerized version of the ESCO BAK-12 energy absorber, will help to automatically ensure the successive arrestment of multiple fighter jet platforms.

Curtiss-Wright is performing the work within its EMS division in the Naval & Power segment. Manufacturing of the energy absorbers and the BAK-12 mobile systems (PortArrest®) will take place at its Arresting Systems facility in Aston, Pa, while retractable hook cable systems will be manufactured at its Merpins, France facility. Additionally, a 10-year maintenance contract for services, spares, repair, and overhaul will be performed at the Merpins facility which has historically supported NATO European customers.

For more information on Curtiss-Wright Arresting Systems (ESCO), please visit http://www.cw-ems.com/arresting-systems. 

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 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our arresting systems products, additional contracts with this Belgian customer, the successful implementation of our products, the overall success of these defense programs and future opportunities associated with the installed base of 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 Belgium or 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.

DAVIDSON, N.C. – Curtiss-Wright Corporation (NYSE: CW) and Saipem have reached a significant milestone for the subsea applications industry: the completion of the qualification process of an all-electric seabed barrier fluid-less pump. Developed based on proprietary solutions inherited from the nuclear sector, this unprecedented technology will enable the subsea injection of treated sea water into a reservoir, thus extending the lifecycle of subsea fields.

While the conventional pumping system features a barrier fluid which serves as coolant, lubricant and insulation, the technology developed by Saipem and Curtiss-Wright is based instead on an innovative design whereby the subsea pump is cooled and lubricated by the sea water itself, while the motor is protected by a canned casing suitable for deepwater applications. The absence of the barrier fluid avoids the need for its constant replenishment and the risk of sea water contamination. Furthermore, due to Saipem’s “all-electric” strategy, the technology allows the replacement of conventional hydraulic umbilicals with power/control cables, thus reducing costs. This pump is the first seal-less, barrier fluid-less subsea pump with such high power.

In 2018, Curtiss-Wright and Saipem signed an exclusive collaboration agreement to develop this new technology: a 3 MW full-scale prototype has been manufactured and tested in water through an extensive specific program, which eventually confirmed the expected performance, robustness, and reliability.

This new solution is certified for several Saipem-proprietary subsea treatment technologies, including SPRINGS®, the subsea desulfation technology owned by Saipem, TotalEnergies, and Veolia.

This certification represents a fundamental goal as it validates the achievement of Technology Readiness Level 4 (TRL 4) as witnessed and endorsed by Petrobras and TotalEnergies and it marks the commencement of the relevant commercialization on a global scale.

With this milestone, Saipem confirms its investments in innovative solutions available as industrialized products to extend the life of assets in the subsea sector and to make offshore operations increasingly safe, sustainable and convenient.

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.

Jim Ryan
(704) 869-4621
[email protected]
Source: Curtiss-Wright Corporation

CHESWICK, P.A.­­ – May 30, 2024 – Curtiss-Wright’s EMS division today announced that its INDAL business has signed a Teaming Agreement and Memorandums of Understanding (MOUs) with Hanwha Ocean of Korea for long-term cooperation on the Canadian Patrol Submarine Project for Towed Array Handling and Winch Systems to support KSS-III submarines.

“We look forward to working with Hanwha Ocean on the Canadian Patrol Submarine Project. Partnering with a company like Hanwha on a proven platform like the KSS-III is a great opportunity for our businesses to extend their global reach and expand into a new market,” said David Micha, Sr. Vice President and General Manager, Curtiss-Wright EMS division.

Curtiss-Wright INDAL has supplied the Towed Array Handling Systems to the KSS-III submarine, one of the most capable ocean-going, diesel-electric platforms, to the Republic of Korea Navy since 2021. KSS-III is an in-service platform that meets all the Royal Canadian Navy’s operational requirements and the urgent delivery timeline for the Canadian Patrol Submarine Project.

“We see significant opportunities for synergies between Hanwha Ocean and Curtiss-Wright. With the signing of the teaming agreement and MOUs, Hanwha can begin developing strategic relationships with this partner, which will also enhance and strengthen the relationship between Korea and Canada,” said Yong Ook Lee, COO, Head of Naval Ship Business, Hanwha Ocean.

Curtiss-Wright’s INDAL business unit, part of the EMS division, will perform the work at its facility based in Mississauga, Ontario, Canada. INDAL is a world leader in manufacturing shipboard helicopter handling systems, undersea sensor handling, and ship aviation support systems for large and complex defense programs.

 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.

About INDAL Technologies

With over 70 years’ experience, INDAL, a business unit of Curtiss-Wright’s EMS Division, is a world leader in the design and development of ship-borne helicopter handling systems, undersea sensor handling systems and other sophisticated systems for 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 a high degree of value to 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: www.cw-ems.com/indal

About Hanwha Ocean (www.hanwhaocean.com)

Hanwha Ocean, founded in 1973 in Okpo Bay, Korea, is one of the world’s premium shipbuilders and offshore contractors. Hanwha Ocean specializes in the design and construction of various naval and commercial vessels, including submarines, destroyers, container ships, and tankers as well as offshore platforms, drilling rigs and FPSO/FPUs.

For more than 40 years, Hanwha Ocean has been building and servicing submarines for the Republic of Korea Navy and other navies. The company designed and delivered the first KSS-III (also known as Jangbogo-3) to the Republic of Korea Navy in 2021. Jangbogo-3 is the most capable, in-operation, ocean-going, diesel-electric submarine in the world.

Hanwha Ocean is part of Hanwha Group, which is Korea’s 7th largest company, the largest defence company in Korea, and the 26th largest defence company in the world. Hanwha Group has more than 50,000 employees globally and 102 subsidiaries.

DAVIDSON, N.C. – 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

Jim Ryan

(704) 869-4621

[email protected]

Source: Curtiss-Wright Corporation

CHESWICK, P.A. – Curtiss-Wright Corporation today announced its Engineered Arresting Systems (ESCO) business unit will hold a groundbreaking ceremony for its new facility in Genté, France on May 15th, 2024.

The new facility, which is expected to be completed in 2025 will consolidate ESCO’s workforce from three separate buildings located in Merpins and Cognac France into one new, modern facility. At approximately 54,000 square feet, the facility will centralize functions including manufacturing, engineering, quality, finance, and sourcing.

“We are excited to announce the commencement of construction on our new facility,” said David Micha, Sr. Vice President and General Manager of the EMS Division. “This new facility will improve our efficiency and increase capacity to support future growth. We are proud to maintain a continued presence in France, significantly enhancing our ability to provide arresting system solutions in the region.”

Construction of the new French facility is scheduled to be completed by the second quarter of 2025. ESCO’s facility in the U.S. (Aston, PA) will remain in its current location.

Following the 2022 acquisition of the aerospace arresting systems business, Curtiss-Wright’s diverse arresting systems product portfolio includes energy absorbers, retractable hook cable systems, net-stanchion systems, and mobile systems to support aircraft carrier and fixed land-based arresting systems. In addition, ESCO’s aftermarket business supports a strong, global installed base of more than 5,000 systems in over seventy-two countries. For more information on Curtiss-Wright Arresting Systems (ESCO), please visit http://www.cw-ems.com/arresting-systems.

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.

CHESWICK, P.A. – April 8, 2024 – Curtiss-Wright will exhibit at the Sea-Air-Space Exposition, which will be held from April 8 to 10, 2024, at the Gaylord National Resort and Convention Center in National Harbor, Maryland. Curtiss-Wright will be in Booth #1623.

Fleet Solutions, a business unit of the EMS Division of Curtiss-Wright, is pleased to enter its third year of partnership with Sauer Compressors USA. Together, Fleet Solutions and Sauer have successfully ensured that twenty-three U.S. Navy ships were able to deploy on time, with the highest quality equipment. They were serviced by Fleet Solutions' premier aftermarket service group. This year, Curtiss-Wright is excited to announce the expansion of this partnership with Sauer into the rental compressor space for the marine and naval market. This expansion demonstrates Curtiss-Wright's dedication to collaborating with industry leaders to ensure the U.S. Navy is always ready to face any challenge with fully operational equipment. 

Sea-Air-Space is the premier maritime exposition, powered by the Navy League of the United States. The event, expected to host 16,000 attendees, provides a unique opportunity to bring together the U.S. defense industrial base, private-sector U.S. companies, and key military leaders. For more information about the event, please visit www.seaairspace.org.

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 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.

DAVIDSON, N.C.-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has signed a Technology Cooperation Agreement with PETRÓLEO BRASILEIRO S.A. – PETROBRAS (NYSE: PBR) to design, manufacture, test, and provide operational support for a Subsea Canned Motor Boosting System, to be deployed mudline at a Petrobras production field in the Campos Basin, Brazil.

Curtiss-Wright is working jointly with Petrobras to develop a subsea boosting system for unprocessed hydrocarbon fluid consisting of a mixture of oil, gas and particulates that will operate at a 1,500-meter water depth. The system will leverage Curtiss-Wright’s canned motor technology, as well as Petrobras’ expertise in flow assurance and offshore hydrocarbon production and processing, to ensure the subsea boosting system will perform according to field requirements. Further, it is expected to serve as an effective and reliable alternative to current subsea pump technologies by reducing unplanned outages and production interruptions.

“We are excited to be working collaboratively with a leading technology developer and experienced end-user of downhole pumping and mudline boosting systems for demanding applications,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “These efforts will allow us to apply our proven canned motor technology expertise to this adjacent market, thereby enabling an all-electric subsea production system, while providing an opportunity to bring tremendous value to Petrobras.”

Curtiss-Wright’s canned motor pump technology is expected to enable reliable subsea production with fewer topside support systems, and also provide flexibility to deploy these systems on lighter weight, lower cost vessels, which are more readily available than the larger handling vessels required in today’s operations. This “topside-less” technology will support Petrobras’ objective of all-electric subsea boosting systems to enable long tie-back production arrangements. Additionally, the design provides flexibility to deploy future Curtiss-Wright topside-less subsea boosting systems scalable to 6MW for multiphase applications, in alignment with Petrobras’ technology development roadmap.

Curtiss-Wright is performing the design, manufacturing, and water-based testing at its Cheswick, Pennsylvania facility within the Company’s Naval & Power Segment. Multiphase testing with hydrocarbons will take place at a facility in Brazil. The first Subsea Canned Motor Boosting System is expected to be ready for operation in 2027.

For more information on Curtiss-Wright’s Naval & Power Segment products, please visit www.curtisswright.com/organization/naval-power.

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, headquartered in Davidson, North Carolina, 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 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our canned motor pump products, the continued relationship with an existing customer, the successful implementation and the success of this subsea 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.

Jim Ryan
704.869.4621
[email protected]

CHESWICK, P.A.­­ – Curtiss-Wright Corporation (NYSE: CW) today announced it has been awarded a contract by Fairbanks Morse Defense (FMD) to supply the United States Coast Guard (USCG) with next-generation actuation on the Polar Security Cutter Program.

Curtiss-Wright will provide FMD with an electro-mechanical actuation solution that features rotary actuators to control critical service valves. Curtiss-Wright’s actuation solution includes rugged, qualified equipment currently supplied for U.S. Navy applications utilizing upgraded, robust communication protocol to provide reliability in the most challenging operating environments of the Arctic. This actuation solution will enable the USCG to reliably operate heavy icebreakers and support Operation Deep Freeze.

“We are very proud to have been chosen by Fairbanks Morse Defense to support the USCG’s Polar Security Cutter Program, as this contract represents our largest electro-mechanical actuation supply contract award and expands our scope of leading-edge technologies for Coast Guard applications,” said David Micha, Sr. Vice President and General Manager, EMS division. “In addition, this program closely aligns with our strategy of helping our customers improve the functionality and reliability of their systems through innovative electro-mechanical actuation systems.”

“The relationship between Fairbanks Morse Defense and the U.S. Coast Guard spans about 100 years, and during that time, we have established a reputation for delivering maritime defense solutions with zero compromises in safety or quality,” said Charles Ferrer, President of Fairbanks Morse Marine Equipment. “Curtiss-Wright shares our commitment to excellence and we look forward to collaborating with their team on this project.”

The work will be performed at Curtiss-Wright’s Target Rock facility in Farmingdale, New York, part of its EMS division in the Naval & Power segment.

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 8,500 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.