Curtiss-Wright Controls Awarded Contract From General Dynamics Land Systems
Date: Wednesday 20th October 2010
For the supply of Rotary Potentiometers for U.S. Armyʼs STRYKER
CHARLOTTE, NC - OCTOBER 20, 2010 - Curtiss-Wright Controls, Inc. today announced that it has received a contract from General Dynamics Land Systems (GDLS) to provide rotary potentiometers for the U.S. Armyʼs STRYKER armored combat vehicle. The estimated value of the contract is up to $300 thousand per year for the lifetime of the STRYKER vehicles, and includes the retrofitting of existing STRYKER vehicles. The rotary potentiometer sensors are located in the suspension of the STRYKER and provide feedback for ride, height, and control.
"Curtiss-Wrightʼs hybrid potentiometer technology will enhance the performance of the STRYKER combat vehicleʼs suspension system," said David Adams, co-chief operating officer of Curtiss-Wright Corporation. "We are very pleased that our rotary potentiometers have been selected by General Dynamics Land Systems."
The contract calls for delivery of the rotary potentiometers beginning in the fourth quarter of 2010. Curtiss-Wright will develop the potentiometers at its Penny + Giles, Christchurch, UK facility, and will ship the systems to GDLS, in London, Ontario, Canada.
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. For more
information, visit www.cwcontrols.com.
About Curtiss-Wright
Curtiss-Wright Corporation (NYSE: CW) is a diversified company headquartered in Parsippany, NJ. 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.
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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 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 defense 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.
