Curtiss-Wright Controls Awarded Contract for COTS DSP Processors
For Rugged DSP Cards for use in an airborne long-range infrared sensor system
CHARLOTTE, NC – September 28, 2012 – Curtiss-Wright Controls, Inc. today announced that it has received a contract from a major defense contractor to provide rugged digital signal processing (DSP) module cards for use in a long-range infrared sensor to be deployed on U.S. Navy fighter jets. The Curtiss-Wright Controls open architecture CHAMP-AV6 DSP OpenVPX™ COTS products will provide computer processing to deliver the real time infrared images acquired by the sensor to determine and classify targets in the combat jet’s field of view. The initial contract for the production phase is valued at $725,000. The potential contract value is $20M over the life of the program. Shipments began in the third quarter of 2012 and continue through 2017.
“We are very proud to have been selected to provide our rugged COTS DSP modules for use in this important airborne defense program,” said David Adams, Co-Chief Operating Officer of Curtiss-Wright Corporation. “The CHAMP-AV6 provides robust processing in a Trusted COTS™ platform to ensure protection of critical data.”
The Curtiss-Wright Controls Defense Solutions division will develop the CHAMP-AV6 DSP cards at its facility in Ashburn, VA. For more information about Curtiss-Wright Controls Defense Solutions (CWCDS) please visit www.cwcdefense.com.
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Headquartered in Charlotte, NC, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation and a leading designer and manufacturer of advanced technologies for niche actuation and drive applications, integrated sensors and electronic subsystems internationally for the aerospace and defense markets. For more information, visit www.cwcontrols.com.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE: CW) is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control,motion control and metal treatment to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation along with long-standing customer relationships. The company employs approximately 8,600 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 Controls' expectations of future performance of this contract, the continued relationship with a customer, the continued success of these military aerospace programs, the continued funding by NATO countries of these military aerospace programs, and the 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; 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.