News Details
CURTISS-WRIGHT AWARDED CONTRACT TO SUPPLY BOEING 747-8
June 18, 2007
To Provide State-of-the-Art Rotary Actuators on 747-8 Aircraft
ROSELAND, N.J., June 18 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW), through its Motion Control segment, has received a contract from The Boeing Company to provide leading edge rotary actuators for the new family of 747-8 aircraft.
"Curtiss-Wright has a long standing relationship with Boeing and we are very pleased to be participating on this exciting new program," said Martin R. Benante, Chairman and Chief Executive Officer of Curtiss-Wright. "The 747 has been a very successful family of planes and this evolutionary design will provide customers with superior operating and economic performance."
The leading edge rotary actuators are a key element in providing lift for the aircraft. They extend the front edge of the wing thereby increasing the wing surface to enhance the lift characteristics of the aircraft at low speeds. Each aircraft requires in excess of 70 actuators. Production hardware will begin delivery in the second quarter of 2008, from Curtiss- Wright's facilities in Gastonia, N.C. and Shelby, N.C. Formal qualification for the rotary actuators will be completed by the end of 2007.
The Boeing 747-8 Intercontinental and 747-8 Freighter are new high- capacity aircraft based on Boeing's very successful 747 platform. Boeing indicates the new aircraft will offer airlines the lowest operating costs and best economics of any large passenger or freighter airplane.
ABOUT CURTISS-WRIGHT
Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The Company designs, manufactures and overhauls products for motion control and flow control applications, and provides of metal treatment services. The firm employs approximately 6,600 people worldwide. More information on Curtiss-Wright can be found on the Internet at curtisswright2014.q4web.com.
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. For more information, visit www.cwcontrols.com.
This release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements related to the success of a commercial aircraft program and the continued relationship with an existing customer. These 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 the competitive marketplace and/or customer requirements; a change in 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.
SOURCE Curtiss-Wright Corporation
CONTACT:
Alexandra M. Deignan for Curtiss-Wright Corporation
+1-973-597-4734