Curtiss-Wright Controls Awarded Two Contracts From Cassidian Air Systems
Date: Tuesday 26th October 2010
For Digital Video Recorders and Data Recorders on Tornado Aircraft
CHARLOTTE, NC - OCTOBER 26, 2010 - Curtiss-Wright Controls, Inc. today announced that it has received contracts with a total potential value in excess of $4.9 million Cassidian Air Systems to provide Digital Video and Data Recorders (DVDR), and associated replay facilities, for a fleet-wide upgrade to Panavia Aircraft GmbH's German and Italian Tornado aircraft. Cassidian Air Systems, Panavia's prime contractor, awarded two contracts, the first for German Tornado aircraft and the second for the Italian Tornado fleet, to Curtiss-Wright's Specialist Electronics Services (SES) Ltd. business unit.
Cassidian Air Systems selected Curtiss-Wright's DVDR solution for its demonstrated ability to record six (6) channels of high quality, high bandwidth video data, as well as numerous additional data and voice channels.
"We are very proud that Curtiss-Wright's digital video and data recorder technology will be used to upgrade both the German and Italian Tornado aircraft fleets," said David Adams, co-chief operating officer of Curtiss-Wright Corporation.
The contracts will commence in the first quarter of 2011, with deliveries direct to the air forces in Germany and Italy continuing for the following two years.
The Tornado combat aircraft is Europe's largest military aircraft co-operation program. It is managed through a consortium led by Panavia Aircraft GmbH as the Tornado management company and with Alenia Aeronautica, BAE Systems and Cassidian Air Systems as Panavia Partner Companies.
Curtiss-Wright's DVDR provides high quality video recording. It enables aircraft data to be downloaded via a removable 48 gigabyte solid state memory cartridge for replay and de-briefing, by using the company's REVEAL high performance visualization and analysis software tool. The DVDR for Tornado is a customized version of a Curtiss-Wright COTS product and is complimented by its partner ground replay software, REVEAL, which supports simultaneous replay of all recorded data and six (6) channels of synchronized video on a standard desktop or laptop PC. Curtiss-Wright designs and manufactures the DVDR, memory cartridges and the REVEAL software products at its Specialist Electronics Services facility in Camberley, UK.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, N.C., 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 7,600 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 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.
