Curtiss-Wright Controls, Inc. today announced that it has received a contract from a leading European air carrier for maintenance and repair services for the airline’s 747 aircraft fleet. Under the contract, the Curtiss-Wright Controls Flight Systems business group will repair, overhaul and modify a variety of 747 mechanical and actuation components. The initial contract is valued at $1 million per year with an estimated potential value of $5 million over the expected lifetime of the carrier’s 747 fleet. The services covered under the agreement began in October 2012 and will run through to the end of 2015.
“Curtiss-Wright is proud to have been selected to provide its industry-leading repair and maintenance services for our customer’s 747 aircraft,” said Tom Quinly, President of Curtiss-Wright Controls. “This contract extends a long-standing relationship between Curtiss-Wright and one of Europe’s leading air carriers and we are very pleased to support their 747 fleet until its retirement later this decade.”
The Curtiss-Wright Controls Flight Systems facility located in Gastonia, N.C. is providing the maintenance, repair and overhaul services covered by this agreement.
Source: Curtiss-Wright Corporation (NYSE: CW)
Date: Feb 27, 2013