Curtiss-Wright Receives Contracts Valued at Approximately $100 Million to Support Critical U.S. Naval Defense Platforms
21 September 2021 - 11:00PM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210921005573/en/
Jim Ryan (704) 869-4621 jim.ryan@curtisswright.com
Curtiss Wright (NYSE:CW)
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