News Details
FOR SOLENOIDS ON FLIGHT CONTROL ON THE 787 DREAMLINER AIRCRAFT
PARSIPPANY, N.J., Jul 30, 2010 (GlobeNewswire via COMTEX News Network) -- Curtiss-Wright Corporation (NYSE:CW) today announced that it has received a contract with a total potential value of $20 million from Moog Aircraft Group to provide solenoids for use on the flight control system of Boeing's 787 Dreamliner aircraft.
"Curtiss-Wright is pleased to announce our selection by Moog as the supplier of solenoids for use on the Boeing 787," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "We are very excited to increase our participation and support for this important new aircraft."
Curtiss-Wright will manufacture the solenoids at its Motion Control facilities in Tempe, AZ and Nogales, Mexico. Production will begin immediately and continue through 2035.
ABOUT CURTISS-WRIGHT
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. 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 7,500 people worldwide. For more information, visit curtisswright2014.q4web.com.
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ABOUT CURTISS-WRIGHT CONTROLS, INC.
Headquartered in Charlotte, NC, 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.
ABOUT MOOG
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment. Additional information about the company can be found at www.moog.com.
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 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 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.
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SOURCE: Curtiss-Wright Corporation
CONTACT: Curtiss-Wright Corporation Alexandra Deignan (973) 541-3734
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