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Curtiss-Wright Receives Contracts Valued at Approximately $100 Million to Support Critical U.S. Naval Defense Platforms

Submitted by shilpa on September 21, 2021
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Curtiss-Wright Receives Contracts Valued at Approximately $100 Million to Support Critical U.S. Naval Defense Platforms

September 21, 2021

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded contracts valued at approximately $100 million to provide pumps for the U.S. Navy’s Virginia-class submarine, Columbia-class submarine and Ford-class aircraft carrier programs. The awards were received from Bechtel Plant Machinery, Inc. (BPMI) to support ship construction.

“Curtiss-Wright is proud to have been awarded these significant naval defense contracts, which build upon our rich heritage and long-standing relationship with the U.S. Nuclear Navy,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “Since the inception of nuclear-powered ships, Curtiss-Wright’s commitment to providing the safest, most advanced and reliable technologies has ensured our ongoing participation in these important defense programs, which continue to receive strong Congressional support.”

Curtiss-Wright is performing this work at its Cheswick, Pennsylvania facility within the Company’s Naval & Power Segment. The receipt of these new awards builds upon previously awarded contracts to provide propulsion valves, pumps and advanced instrumentation and control systems, valued in excess of $130 million, received in the second quarter of 2021.

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

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 Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. 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 8,200 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 pumps, 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

Curtiss-Wright Receives Contract For HP Compressor Overhauls And Upgrades Supporting The Taiwan FMS Program

Submitted by shilpa on August 2, 2021
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Curtiss-Wright Receives Contract For HP Compressor Overhauls And Upgrades Supporting The Taiwan FMS Program

August 02, 2021

CHESWICK, PA – August 2, 2021 – Curtiss-Wright’s EMS division today announced it has received an order to provide High Pressure Air Compressor overhauls, upgrades and training of eight units aboard Foreign Military Service vessels being transferred to the country of Taiwan. The $3.6 million contract is the second award issued to Curtiss-Wright by VSE Corporation in support of Foreign Military Sales (FMS) for Taiwan. The first contract of $7 million was awarded in 2018 and was delivered in 2020.

“We are very pleased to support VSE and the FMS transfer program to Taiwan, and to have the Taiwanese Navy customer for our products,” said Greg Hempfling, Senior Vice President and General Manager of Curtiss-Wright’s EMS division. “The selection of Fleet Solutions for this effort demonstrates our service capabilities for our products, even when those products are home-ported, or deployed over the horizon”.

Curtiss-Wright’s Fleet Solutions business will overhaul and upgrade all compressors for these ships based in Taiwan. Curtiss-Wright will also deliver best-in-class training to the Taiwanese Navy for PLC upgrades and operations, just as it performs daily for the U.S. Navy.

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 Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. 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 8,200 people worldwide. For more information, visit www.curtisswright.com

About VSE Corporation

VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets supporting government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s products and services, visit www.vsecorp.com.

 

Contact:
Rachel Lukcic (724) 275-5339
[email protected]

Curtiss-Wright Selected By X-Energy To Develop Reactivity Control And Shutdown System For The Xe-100 Generation Iv Advanced Reactor

Submitted by shilpa on August 2, 2021
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Curtiss-Wright Selected By X-Energy To Develop Reactivity Control And Shutdown System For The Xe-100 Generation Iv Advanced Reactor

August 02, 2021

DAVIDSON, N.C. – August 2, 2021 – Curtiss-Wright Corporation (NYSE:CW) and X-energy jointly announced today that Curtiss-Wright has been selected to develop the Reactivity Control and Shutdown System for the X-energy Xe-100 Generation IV High-Temperature Gas-cooled Reactor. This effort will leverage Curtiss-Wright’s broad and diverse strengths in nuclear power generation technologies to develop an inclusive package of control rod drive mechanisms, control rods, and the associated power supply and control system.

"Curtiss-Wright is one of the leading global suppliers of nuclear reactor technologies, and we are very pleased to announce that we are joining the X-energy team as the supplier of reactivity control equipment supporting their next-generation, advanced reactor design,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “This award is a prime example of Curtiss-Wright’s ability to leverage its unique capabilities and technologies across the enterprise to deliver critical solutions to its customers. Additionally, it continues our long-standing commitment to the future growth of the worldwide nuclear power market and the creation of clean, affordable energy.”

The X-energy’s reactor technology was recently selected under the U.S. Department of Energy’s (DOEs) Advanced Reactor Demonstration Program (ARDP) to receive initial funding as part of a $3.2 billion program to build two advanced nuclear reactors that can be operational within seven years.

X-energy will deliver a commercial four-unit nuclear power plant based on its Xe-100 reactor design. The Xe-100 is a high temperature gas-cooled reactor that is ideally suited to provide flexible electricity output as well as process heat for a wide range of industrial heat applications, such as desalination and hydrogen production. It incorporates a range of design features that will not only enhance safety, but make them affordable to construct and operate, paving the way for the United States to deploy highly competitive advanced reactors domestically and globally.

For more information about Curtiss-Wright’s nuclear reactor technologies supporting advanced nuclear reactors, please visit the Nuclear division at www.cwnuclear.com and the EMS division at www.cw-ems.com.

About X-energy

X-energy is redefining nuclear energy. It manufactures fuel that seals uranium particles in a protective coating, so it’s inherently safe and retains the waste inside forever. X-energy also designs plants that unlock the fuel's potential in a process that's as clean as wind or solar. When combined, the result is reliable carbon-free baseload power, produced more safely and affordably than ever before and available anywhere, at any time. For more information, visit https://x-energy.com or connect with us on TwitterLinkedIn or Instagram.

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 Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. 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 8,200 people worldwide. For more information, visit www.curtisswright.com.

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Note: Trademarks are property of their respective owners.

 

Contact: Jim Ryan
(704) 869-4621
[email protected]

Curtiss-Wright Receives Contract for Aircraft Handling Systems Supporting The Indian Coast Guard Program To Provide The Mantis-Ram Aircraft Tug System

Submitted by shilpa on June 30, 2021
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Curtiss-Wright Receives Contract for Aircraft Handling Systems Supporting The Indian Coast Guard Program To Provide The Mantis-Ram Aircraft Tug System

June 30, 2021

CHESWICK, PA – June 30, 2021 – Curtiss-Wright’s EMS division today announced it has received an order to provide eleven of its MANTIS-RAM Aircraft Tug systems in support of Indian Coast Guard requirements. The contract was issued by Hindustan Aeronautics Limited (HAL) of India in support of its contract with the Indian Coast Guard for the supply of HAL’s Dhruv Mk III helicopter.

“We are very pleased to support HAL and the Indian Coast Guard’s Dhruv Mk III helicopter program and to have India as a first-time customer for our products,” said Greg Hempfling, Senior Vice President and General Manager of Curtiss-Wright’s EMS division. “Selection of the MANTIS-RAM Aircraft Tug demonstrates our capabilities in providing solutions for handling aircraft in the severe conditions typical of the marine environment.” 

Curtiss-Wright’s INDAL business will manufacture and test all MANTIS-RAM Aircraft Tugs at its facility based in Mississauga, Ontario, Canada. Curtiss-Wright has delivered customized aircraft handling solutions to several of the world’s leading navies. 

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 Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. 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 8,200 people worldwide. For more information, visit www.curtisswright.com. 

About INDAL 

With over 50 years’ experience, INDAL, based in Mississauga, Ontario, Canada, 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 business 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

Paul-Munroe Engineering Marine and Defense Products now Part of Curtiss-Wright’s EMS Division

Submitted by shilpa on January 1, 2021
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Paul-Munroe Engineering Marine and Defense Products now Part of Curtiss-Wright’s EMS Division

January 01, 2021

CHESWICK, PA – January 1, 2021 – Curtiss-Wright’s EMS division today announced that the Paul-Munroe Engineering line of marine and defense products (previously known as Paul-Munroe Hydraulics or Paul-Munroe Enertech) moved internally from Curtiss-Wright’s Nuclear division to the EMS division.

“We are excited to take on this product line and look forward to supporting the needs of our customers,” said Todd Schurra, Sr. General Manager, Fleet Solutions, EMS division. “Paul-Monroe has a long history of providing technologically superior products to the U.S. Navy and Fleet Solutions is uniquely positioned to continue that legacy.”

Fleet Solutions will provide comprehensive services and spare parts for legacy Paul-Munroe Engineering systems, including Stern Gate Controls, Deck Actuators, Steering Gears, Fluid Transfer Pump Modules, and other shipboard fluid controls. Engineering and manufacturing have already commenced at the Company’s facilities in California, Florida, and Virginia. The Company will also produce advanced Paul-Munroe Engineering modularized pump skids to support modern ship building methods. These fully integrated pump skids and controls for the handling of all fluid types are delivered prefabricated, coated, and tested for rapid installing and commissioning.

For more information about Curtiss-Wright’s EMS division, visit www.cw-ems.com.

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About Curtiss-Wright Corporation

Curtiss-Wright Corporation (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 8,300 people worldwide. For more information, visit www.curtisswright.com.

Rachel Lukcic
(724) 275-5339
[email protected]

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