Curtiss-Wright Signs Development Contract For Boeing CH-147 Chinook Helicopter
Date: Monday 6th December 2010
To Supply Data Concentrator Units for Canadian Medium-to-Heavy Lift Helicopter
CHARLOTTE, NC - December 6, 2010 - Curtiss-Wright Controls, Inc. today announced the award of an 18-month contract with The Boeing Company to develop and supply data concentrator units for the CH-147 Chinook Medium to Heavy Lift Helicopter (MHLH) that is being developed for use by the Canadian Armed Forces.
"Curtiss-Wright is proud to support Boeing on this important helicopter system with our integrated sensing products," said David Adams, co-chief operating officer of Curtiss-Wright Corporation. "We are excited about the growth we continue to see in the helicopter market segment of our core military aerospace business."
Curtiss-Wright will develop and manufacture the DCU systems at its City of Industry, CA, facility, and ship the finished goods to Boeing, Philadelphia, PA. The contract will include aircraft production plus options. The initial contract runs through December 2011.
Curtiss-Wright's system consists of four data concentrator units (DCUs) per aircraft that will receive and provide various avionic and air vehicle discrete, digital and analog inputs for monitoring, passing through data and controlling various CH-147 subsystem components.
In addition to this new contract, Curtiss-Wright's Integrated Sensing division has been supplying the Boeing Company with various airborne products for over thirty-five years. These products include flight control equipment, fire protection equipment, flight data recording equipment and position sensors.
The CH-147 MHLH will enable the Canadian Forces to reach remote locations in a wider range of geographic areas and challenging environments inaccessible by ground-based transport or fixed-wing aircraft. With the Canadian Forces' increasing focus on joint operations and expeditionary forces, this capability will serve as a paramount asset in responding to disaster situations and terrorist attacks, both at home and around the world.
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, visitwww.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.
