Curtiss-Wright Controls Awarded $18 Million Contract for Helicopter Ice Protection Systems
Date: Friday 5th September 2008
Electronics Package Prevents Ice Build-up On New Korea Aerospace Industries Utility Helicopter
Charlotte, N.C., Sept 5, 2008 - Curtiss-Wright Controls Inc., announced today it has been selected by Korea Aerospace Industries, Ltd. to provide a package of electronics to protect the engine air inlets, windshield and main and tail rotor blades on a new utility helicopter.The program for the Republic of Korea's national aerospace company has a potential value in excess of $18 million over a 12-year period.
The package consists of Curtiss-Wright’s leading technology in electronic ice protection products, including the Rotor Ice Protection System (RIPS) and windshield and engine ice protection controllers. These products monitor and prevent ice from forming on the windshield, on the air intake to the engines and on all rotor blades. Without RIPS technology, for example, helicopters often need to be grounded due to icy build-up on rotor blades, which creates unstable flight operations.
"Curtiss-Wright is very pleased to supply this vital technology to ensure safe helicopter flight during severe weather conditions," said David Adams, president of Curtiss-Wright Controls. "These products and systems are among the most sophisticated in the industry."
Curtiss-Wright Controls is a leading supplier of aircraft fire- and ice-protection systems. The company will supply this system from its City of Industry, CA, operation. Delivery will begin in early 2009 in support of qualification trials for the Korea Aerospace Industries aircraft.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, North Carolina, 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. For more information, visit www.cwcontrols.com.
About Curtiss-Wright
Curtiss-Wright Corporation (NYSE:CW) is a diversified company headquartered in Roseland, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides metal treatment services. The firm employs approximately 7,600 people worldwide. More information on Curtiss-Wright can be found on the Internet at www.curtisswright.com.
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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 the potential duration and value of this contract, the continued relationship with an existing customer, the successful implementation of this new utility helicopter program and future opportunities associated with this contract, 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 and Exchange Act of 1934, as amended, for further information.
