Curtiss-Wright Awarded Contract From Moog
Date: Thursday 29th July 2010
For Solenoids on Flight Control on the 787 Dreamliner Aircraft
CHARLOTTE, N.C. - JULY 29, 2010 - Curtiss-Wright Controls, Inc. today announced that it has received a contract with a total potential value of $20 million from Moog Aircraft Group to provide solenoids for use on the flight control system of Boeing's 787 Dreamliner aircraft.
"Curtiss-Wright is very excited that our solenoids have been selected by Moog for use on the 787 Dreamliner," said David Adams, co-chief operating officer of Curtiss-Wright Corporation. "We greatly value our participation on Boeing's highly efficient new aircraft."
Curtiss-Wright Controls Integrated Sensing business group will manufacture the solenoids at the company's facilities in Tempe, AZ and Nogales, Mexico. The products will be shipped to Moog Aircraft Group, Baggio, Philippines with production beginning immediately and continuing through 2035.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, NC, 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.
About Curtiss-Wright
Curtiss-Wright Corporation (NYSE: CW) is a diversified company headquartered in Parsippany, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 7,500 people worldwide. For more information, visit www.curtisswright.com.
About Moog
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment. Additional information about the company can be found at www.moog.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 expectations of future performance of our development work, the value of the contract, the continued relationship with an existing customer, the successful implementation and funding of this government 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 change in US and Foreign 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 Exchange Act of 1934, as amended, for further information.
