Curtiss-Wright Controls Awarded Development Contract from Sikorsky for CH-53K Helicopter
Date: Thursday 7th May 2009
Agreement to Supply Data Concentrator Units for Marine Corps’ Heavy-Lift Rotorcraft
CHARLOTTE, N.C. – May 7, 2009 – Curtiss-Wright Controls Inc., the motion controls segment of Curtiss-Wright Corporation, has been awarded a contract by Sikorsky Aircraft Corporation to develop and supply the data concentrator units (DCUs) for the CH-53K heavy-lift helicopter under development for use by the U.S. Marine Corps.
The contract has a potential value of $22 million when development and all aircraft production options and phases are completed. The initial contract runs through 2011 with the production phase starting in 2013.
"The data concentrator units we intend to supply Sikorsky for CH-53K helicopters represent the latest rotorcraft contract bolstering our core military aerospace business," said David Adams, co-chief operating officer of Curtiss-Wright Corporation. "As with other products we provide to our airframe customers, these units are a crucial component for flight safety, especially in harsh environments."
Curtiss-Wright Controls' system consists of two DCUs that will receive and provide various avionic and air vehicle discrete, digital and analog inputs for monitoring, passing through data and controlling various CH-53K subsystem components.
Curtiss-Wright Controls will develop and manufacture the DCU systems at its City of Industry, Calif., facility, which recently opened to accommodate the growth in demand for integrated sensing products.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, N.C., Curtiss-Wright Controls is the motion control segment of Curtiss-Wright Corporation (NYSE: CW). With manufacturing facilities around the world, Curtiss-Wright Controls is a leading technology-based organization providing niche motion control products, subsystems and services for the aerospace, defense, naval and industrial markets. For more information, visit www.cwcontrols.com.
About Curtiss-Wright
Curtiss-Wright Corporation 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 metal treatment services. The firm employs approximately 7,900 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 the potential duration and value of this contract, the successful completion of our research and development work, the continued relationship with an existing customer, the successful implementation of this military helicopter program, the continued funding of this military program by the U.S. Government 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.
