Curtiss-Wright Awarded $7.2 Million Contract From Boeing
01 Diciembre 2004 - 3:19PM
PR Newswire (US)
Curtiss-Wright Awarded $7.2 Million Contract From Boeing Motion
Control Segment to Supply Proprietary Aircraft Canopy Actuators for
F/A-18 ROSELAND, N.J., Dec. 1 /PRNewswire-FirstCall/ --
Curtiss-Wright Corporation (NYSE: CW; CW.B) has received a new
contract from The Boeing Company to supply proprietary aircraft
canopy actuators for the F/A-18 Super Hornet. The contract is
valued at up to $7.2 million over a five-year-period at current
projected aircraft production levels. Curtiss-Wright's proprietary
actuator, which is used to open and close the aircraft's canopy,
was chosen because of its unique low-weight and low-cost design,
which will enable some commonality of parts on both the "E"
(single-seat) and "F" (dual-seat) versions of theSuper Hornet. "Our
ability to design highly integrated subsystems and components is a
great advantage for our customers because it provides better cost
structures," said Martin R. Benante, Chairman and CEO. "We are very
pleased that Boeing has chosen us for this important defense
contract." Curtiss-Wright's Motion Control segment will manufacture
the components at its Shelby, N.C. facility. Development work has
begun on the program and product shipments, which include both
original equipment and spares, are expected to begin in 2005. The
combat-proven F/A-18E/F Super Hornet is a single -- and dual --
seat, twin-engine multi-mission tactical aircraft. Today, the Super
Hornet is in service with the U.S. Navy. Boeing leads the
nationwide industry team that builds the Super Hornet. In addition
to the Super Hornet Curtiss-Wright supplies content on a number of
military and commercial aerospace programs through its Motion
Control segment. About Curtiss-Wright Curtiss-Wright Corporation is
a diversified company headquartered in Roseland, New Jersey. The
Company designs, manufactures and overhauls products for motion
control and flow control applications, and provides of metal
treatment services. The firm employs approximately 5,500 people
worldwide. More information on Curtiss-Wright can be found on the
Internet at http://www.curtisswright.com/. About Curtiss-Wright
Controls, Inc. Headquartered in Gastonia, North Carolina,
Curtiss-Wright Controls, Inc. 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, embedded
computers, subsystems and services internationally. For more
information, visit http://www.cwcontrols.com/. Forward-looking
statements in this release are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995.
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 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 and Exchange Act of 1934, as amended, for further
information. DATASOURCE: Curtiss-Wright Corporation CONTACT:
Alexandra M. Deignan of Curtiss-Wright Corporation, +1-973-597-4734
Web site: http://www.curtisswright.com/ http://www.cwcontrols.com/
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