Published:
Curtiss-Wright Awarded $16 Million Contract From Saab
ROSELAND, N.J., Feb. 13 /PRNewswire-FirstCall/ -- Curtiss-Wright
Corporation (NYSE: CW) announced today that it has entered into a multi-year
agreement valued at over $16 million from Saab Aerostructures to provide the
large cargo door mechanical actuation system for the new Boeing 787
Dreamliner.
"This award is indicative of the innovation and high performance
technologies that we supply to the commercial aerospace market," said Martin
R. Benante, Chairman and Chief Executive Officer of Curtiss-Wright. "Working
closely with our partner Saab Aerostructures, we were able to provide the most
state-of-the-art actuation system for this exciting new Boeing platform."
The mechanical system is comprised of five major flight-critical
sub-assemblies, including the lift, pull-in, latching, locking and vent
systems for the B787 large cargo doors. Curtiss-Wright will manufacture these
components at its Motion Control facility located in Shelby, North Carolina.
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in
Roseland, N.J. The company designs, manufactures and overhauls products for
motion control and flow control applications, and provides a variety of metal
treatment services. The firm employs approximately 7,500 people worldwide.
More information on Curtiss-Wright can be found at www.curtisswright.com.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, North Carolina, Curtiss-Wright Controls is the
Motion Control segment of Curtiss-Wright Corporation. With manufacturing
facilities around the world, Curtiss-Wright Controls is a leading
technology-based organization providing niche motion control products,
subsystems and services internationally for the aerospace and defense markets.
For more information, visit www.cwcontrols.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 valuation and duration of the contract, the continued
relationship with an existing customer, the successful implementation of this
commercial aerospace 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 cancellation of the contract based on convenience; 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 and Exchange Act of 1934, as amended,
for further information.
SOURCE Curtiss-Wright Corporation
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