Curtiss-Wright Controls Awarded Contract for Missile Defense System
For Rugged Data Transport System for use in Command & Control Trailer
CHARLOTTE, NC – September 7, 2012 – Curtiss-Wright Controls, Inc. today announced that it has received a contract from a major defense contractor to provide Data Transport System (DTS) devices for use in an air and missile defense system program. Based on industry standard Ethernet protocols, the COTS DTS product provides Network Attached Storage (NAS) functionality in rugged environments while reducing space, weight and power (SWaP). The initial contract has commenced and has a potential program lifetime value estimated at $2 million. Shipment began in July, 2012 and will continue through the life of the program.
“We are very proud to have been selected to provide our rugged Data Transport System technology for use in an important air and missile defense system program,” said David Adams, Co-Chief Operating Officer of Curtiss-Wright Corporation. “Our unique DTS technology provides our Warfighter and Allies with unparalleled NAS technology in a SWaP-optimized design.”
The DTS chassis, with three small, removable solid-state memory cartridges, will be installed in a Command and Control trailer for the missile system allowing any computer access to data. Curtiss-Wright Controls’ Defense Solutions division developed the DTS units at its facility in Dayton, OH. 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.