Curtiss-Wright Controls Awarded Contract for Modules for use in Missile Fire Control System
CHARLOTTE, NC – September 26, 2012 – Curtiss-Wright Controls, Inc. today announced that it has been awarded a contract by a major defense contractor to provide the processing modules for use in a missile fire control system. The initial contract is valued at $381,000. Curtiss-Wright Controls expects the total potential value of the contract to be in excess of $5 million. The initial contract commenced in September 2011 and the program is scheduled to continue through 2020.
“Curtiss-Wright is proud to provide our rugged COTS VME single board computers for use as the processing units in this important fire control system,” said David Adams, Co-Chief Operating Officer for Curtiss-Wright Corporation.
Curtiss-Wright Control’s Defense Solutions (CWCDS) division will provide its SVME-183 open architecture COTS single board computers for use in various subsystems used in the missile’s fire control system. CWCDS is developing and manufacturing the processor modules at its Ottawa, Ontario facility. For more information on CWCDS, visit www.cwcdefense.com.
About Curtiss-Wright Controls, Inc.
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.