Curtiss-Wright Awarded $11 Million In Contracts From Savannah River Remediation Llc

Submitted by shilpa on April 19, 2010
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Curtiss-Wright Awarded $11 Million In Contracts From Savannah River Remediation Llc

April 19, 2010

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For Equipment Used in the Processing and Remediation of Nuclear Waste

PARSIPPANY, N.J., April 19, 2010 /PRNewswire via COMTEX News Network/ -- Curtiss-Wright Corporation (NYSE: CW) today announced that it has received contracts totaling $11 million from Savannah River Remediation LLC. The contracts are for submersible mixer and transfer pumps for the processing and remediation of nuclear waste materials. The contracts were funded through the American Recovery and Reinvestment Act.

"We are pleased to support this important environmental program with our advanced pumping technologies," said Martin R. Benante, CEO and Chairman of Curtiss-Wright Corporation. "This is another example of our ability to provide highly engineered solutions of profound value that deliver unprecedented performance and reliability to our customer."

The equipment will be installed in large underground tanks at the Department of Energy's Savannah River Site to prepare the highly radioactive waste for processing, and transfer it to on-site remediation facilities. A key feature of Curtiss-Wright's systems is seal-less integration of the motor and pump, permitting the radiation-hardened motor to be directly submerged in the nuclear waste. Submergence of the motor in the waste, elimination of all dynamic seals, and the ability to use the surrounding nuclear waste for motor cooling and lubrication eliminates the major causes of failure associated with traditional approaches to these challenging pumping applications, resulting in increased life and reliability.

Curtiss-Wright's Flow Control segment will design and supply the equipment from its facility in Cheswick, PA. The first delivery is scheduled for November 2010. Savannah River Remediation LLC is the site's liquid waste operations contractor.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 7,600 people worldwide. For more information, visit www.curtisswright.com.

About Curtiss-Wright Flow Control

Curtiss-Wright Flow Control specializes in the design and manufacture of highly engineered valves, pumps, motors, generators, electronics, systems and related products for the commercial nuclear power industry, oil and gas processing facilities and a range of critical military programs. Its innovative, high-performance products play an integral role in our nation's defense and in the safe, efficient operation of power plants and other industrial sites worldwide. Based in Falls Church, VA, the company has more than 3,400 employees worldwide and is the Flow Control segment of Curtiss-Wright Corporation. For more information, visit www.cwfc.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 the value of the contract, the successful implementation and funding of this government sponsored 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.

SOURCE Curtiss-Wright Corporation

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Curtiss-Wright Receives Follow-on Contract from Japan Ministry of Defense

Submitted by shilpa on February 2, 2010
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Curtiss-Wright Receives Follow-on Contract from Japan Ministry of Defense

February 02, 2010

Curtiss-Wright announced today that it has received a Japan Ministry of Defense contract, through Mitsubishi Corporation, for the supply of two ship sets of RAST Mark VI systems to be integrated on-board the new Japan Maritime Self-Defense Force 21DD destroyer platform.

INDAL, a business unit of Curtiss-Wright Defense Solutions, based in Mississauga, Ontario, Canada, will perform work for this contract with the delivery to the Japan Ministry of Defense scheduled for late 2011.

"Curtiss-Wright is very pleased to continue its support of the Japan Ministry of Defense’s Maritime Staff Office and to be a part of this continuing high profile ship program," said David Linton, Co-Chief Operating Officer of Curtiss-Wright Corporation. "The supply of the RAST Mark VI system demonstrates our engineering expertise in providing advanced performance and innovative design solutions to meet mission-critical requirements, and in so doing, deliver profound value to our customer."

The RAST Mark VI is a hybrid system that builds on the well-established and high performance capabilities of the RAST system, currently in operation with the Japanese, Canadian, U.S., Australian, Spanish and Taiwanese navies. It incorporates selected features and capabilities from the more advanced Aircraft Ship Integrated Secure and Traverse (ASIST) system also produced by Curtiss-Wright Defense Solutions. The resulting hybrid system provides improved capabilities and functionality with reduced footprint and weight relative to earlier RAST systems.

 

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 9,000 people worldwide. For more information, visit www.curtisswright.com.

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Curtiss-Wright Receives Contract from BAE Systems

Submitted by shilpa on January 19, 2010
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Curtiss-Wright Receives Contract from BAE Systems

January 19, 2010

Curtiss-Wright announced today that it has received a $6.4 million contract from BAE Systems, a member of the UK Aircraft Carrier Alliance, for the manufacture, test and supply of over 8,500 tie-down link plates for installation on board the HMS Queen Elizabeth and HMS Prince of Wales.

Tie-downs are welded into the flight deck and hangar spaces and are used as "hard points" for securing the aircraft with chains or straps. Work for this contract will be performed at INDAL, a business unit of Curtiss-Wright Defense Solutions, based in Mississauga, Ontario, Canada, with deliveries scheduled between 2010 and 2014.

"Curtiss-Wright is very pleased to provide its support to this important Royal Navy project," said David Linton, Co-Chief Operating Officer of Curtiss-Wright Corporation. "The supply of the Link Plates demonstrates our deep knowledge of the customer’s applications and our ability to work cooperatively with them."

The Queen Elizabeth Class aircraft carriers will be the biggest and most powerful surface warships ever constructed for the UK Royal Navy. They will be a key component of the improved expeditionary capabilities needed to confront the diverse range of threats in today’s security environment. The carriers will each weigh 65,000 tons, are 280 meters long and 70 meters wide, capable of 25 knots maximum speed and have a total complement of approximately 1,500 personnel. The Aircraft Carrier Alliance is a single integrated team formed from BAE Systems Babcock, Thales UK and the UK Ministry of Defense.

 

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 9,000 people worldwide. For more information, visit www.curtisswright.com.

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NOTE: All trademarks are property of their respective owners.

Curtiss-Wright Awarded Contract for ASIST Helicopter Handling Systems

Submitted by shilpa on January 12, 2010
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Curtiss-Wright Awarded Contract for ASIST Helicopter Handling Systems

January 12, 2010

Curtiss-Wright announced today that it has received a follow-on, multi-million dollar contract from Savunma Teknolojileri Mühendislik ve Ticaret A.S. ("STM" Corporation) for the provision of the ASIST system and integrated track to be fitted on the second MiLGEM Corvette, TCG Büyükada. Work for this contract will be performed at INDAL, a business unit of Curtiss-Wright Defense Solutions, based in Mississauga, Ontario, Canada, with initial deliveries scheduled to begin in late 2010.

"Curtiss-Wright is very pleased to continue its support of the Turkish Navy’s aviation operations and to continue our successful relationship with STM on this ship program," said David Linton, Co-Chief Operating Officer of Curtiss-Wright Corporation. "The supply of these helicopter handling systems demonstrates our ability to deliver highly engineered solutions to meet our customer’s mission-critical needs through innovative equipment designs and overall value."

The ASIST system is a state-of-the-art deck handling solution for shipboard helicopter operations. It integrates the functions required for landing and on-deck operations to stow large ship-borne helicopters. Using the ASIST system, all deck handling operations can be accomplished without the need for personnel on the flight deck. The ASIST system enables safe helicopter handling day or night, even in adverse weather and sea conditions. The system is designed to operate with the Turkish Navy S-70B helicopters.

MiLGEM is the first indigenous naval ship building project staged in Turkey. The Turkish Navy is responsible for the ship and system design and for the deriving the technical specifications of the weapon, sensor, machinery and other sub systems. The missions envisioned for the MiLGEM class Corvette are showing the flag, search/rescue, patrol, observation and anti submarine warfare.

 

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 9,000 people worldwide. For more information, visit www.curtisswright.com.

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NOTE: All trademarks are property of their respective owners.

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