Curtiss-Wright Flow Control Receives Contract From U.S. Naval Air Systems Command

FALLS CHURCH, Va., May 2, 2011 /PRNewswire/ -- Curtiss-Wright Flow Control Company announced today it has received a contract from the Naval Air Systems Command, for the manufacture of Recovery Assist, Secure and Traverse (RAST) systems to support the DDG 51 Flight IIA forward-build program.  The multi-million dollar contract includes initial authorization for one RAST system to support hull number DDG 113 with options for follow-on systems for hull numbers DDG 114 and DDG 115.

Work for this contract will be performed at INDAL Technologies, a business unit of Curtiss-Wright Flow Control Company, based in Mississauga, Ontario, Canada, with the first baseline contract delivery scheduled for December 2012.  More than 200 shipsets of INDAL's integrated aircraft handling systems have been delivered to navies around the world.

"Curtiss-Wright is very pleased to continue its long standing partnership with the U.S. Navy and to continue supporting Naval Air Systems Command operations," said David Linton, President, Curtiss-Wright Flow Control and Co-Chief Operating Officer of Curtiss-Wright Corporation.  "The continued supply of RAST systems demonstrates the enduring benefits, performance and functionality of the system. Curtiss-Wright consistently delivers profound, differentiating value to our customers and this is what sets us apart from our competitors."

About Curtiss-Wright Flow Control Company

Curtiss-Wright Flow Control Company specializes in the design and manufacture of highly engineered valves, pumps, motors, generators, electronics, systems and related products for the commercial nuclear power industry, oil and gas processing facilities and a range of critical military programs.  Its innovative, high-performance products play an integral role in our nation's defense and in the safe, efficient operation of power plants and other industrial sites worldwide. Based in Falls Church, VA, the company has more than 3,400 employees worldwide and is the Flow Control segment of Curtiss-Wright Corporation (NYSE: CW).  For more information, visit: www.cwfc.com.

About INDAL Technologies

With over 50 years experience, INDAL Technologies, a business unit of Curtiss-Wright Flow Control Company, is a world leader in the design and development of ship-borne helicopter handling systems, cable handling systems, specialized structures and other sophisticated systems for the U.S. and international navies.  The company combines a high level of engineering and manufacturing capability, with expertise in the management of large and complex defense programs, to provide unique solutions and deliver significant value for its customers.  Its industry leading manufacturing practices, adherence to ISO quality system requirements, program management and control systems ensure product excellence.  For more information, visit: http://indaltech.cwfc.com/.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ.  The company designs and manufactures 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.  

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 products, the value of the contract, the continued relationship with an existing customer, the successful implementation and funding of this U.S. 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 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.

Contact:
Sharon Dey
[email protected]
(703) 286-2011

SOURCE Curtiss-Wright Flow Control Company