Motion Control Resources
Curtiss-Wright Awarded $16 Million Contract From Saab
For Cargo Door Actuation System for Boeing 787 Dreamliner
ROSELAND, N.J., Feb. 13 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW) announced today that it has entered into a multi-year agreement valued at over $16 million from Saab Aerostructures to provide the large cargo door mechanical actuation system for the new Boeing 787 Dreamliner.
"This award is indicative of the innovation and high performance technologies that we supply to the commercial aerospace market," said Martin R. Benante, Chairman and Chief Executive Officer of Curtiss-Wright. "Working closely with our partner Saab Aerostructures, we were able to provide the most state-of-the-art actuation system for this exciting new Boeing platform."
The mechanical system is comprised of five major flight-critical sub-assemblies, including the lift, pull-in, latching, locking and vent systems for the B787 large cargo doors. Curtiss-Wright will manufacture these components at its Motion Control facility located in Shelby, North Carolina.
Curtiss-Wright Corporation 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 a variety of metal treatment services. The firm employs approximately 7,500 people worldwide.
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.
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 valuation and duration of the contract, the continued relationship with an existing customer, the successful implementation of this commercial aerospace 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 cancellation of the contract based on convenience; 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.
SOURCE Curtiss-Wright Corporation