STOCK TITAN

Curtiss-Wright Awarded Contracts Valued in Excess of $225 Million to Support Critical U.S. Navy Aircraft Carrier and Submarine Platforms

The awards support Navy ship construction and fleet maintenance, with engineering, manufacturing and testing continuing through 2030.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced it was awarded contracts valued in excess of $225 million by Bechtel Plant Machinery, Inc. (BPMI) to provide advanced propulsion valves, pumps and 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. Under the agreement, Curtiss-Wright will supply critical technology to support ongoing ship construction and fleet maintenance activities.

“Curtiss-Wright is proud to provide mission-critical products that enhance the performance, reliability, and readiness of the U.S. Navy’s nuclear fleet,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “The Company maintains a longstanding partnership with the U.S. Naval Nuclear Propulsion Program, consistently delivering highly engineered solutions that contribute to our nation’s strong defense capabilities. Furthermore, Curtiss-Wright remains well positioned to benefit from the administration’s continued strong funding for naval shipbuilding supporting the acceleration of production on its most critical platforms.”

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, manufacturing, and testing are currently underway, and will continue through 2030.

For over 60 years, Curtiss-Wright has been a trusted supplier to the U.S. Naval Nuclear Propulsion Program supporting every nuclear-powered submarine and aircraft carrier commissioned by the U.S. Navy. Curtiss-Wright’s portfolio includes advanced propulsion equipment, instrumentation and control systems, pumps, valves, motors, and other mission-critical technologies that improve operational performance, increase reliability, enhance safety, and help reduce lifecycle costs for the Navy’s fleet.

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 Nuclear Power, Process and Industrial markets. We leverage a workforce of approximately 9,300 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 products, the continued relationships with existing customers, the continued funding of programs by the U.S. Navy, the successful implementation of our products into naval defense and commercial nuclear programs, the overall success of these 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
jim.ryan@curtisswright.com

Source: Curtiss-Wright Corporation

Keep reading