Curtiss-Wright Receives Multi-Million Dollar Contract From US Naval Air Systems Command

Curtiss-Wright Flow Control Company (NYSE: CW) today announced that it has received an option award to its existing Naval Air Systems Command contract for the manufacture of an additional Recovery Assist, Secure and Traverse (RAST) system, and related track components and spares, to support the DDG 51 Flight IIA forward-build program. The multi-million dollar option award covers the supply of equipment for the future DDG 51 IIA hull number DDG 116.

We are very pleased to continue our support of the U.S. Navy's critical DDG 51 ship build program. The continued supply of the RAST system demonstrates our engineering expertise in providing advanced performance, reliable equipment designs and increased operational efficiency to the naval defense industry. It is another example of the depth of our technology portfolio and the benefits it brings to our customers.

INDAL Technologies, a business unit of Curtiss-Wright's Flow Control segment, based in Mississauga, Ontario, Canada, will perform the work for this contract, with delivery scheduled for late 2014.

RAST is a helicopter handling system that fully integrates all of the functions required to safely operate and stow large ship-borne helicopters. In addition to enabling safe launch and recovery, RAST facilitates the securing and maneuvering of helicopters, particularly in adverse weather and sea conditions up to sea state 5. Curtiss-Wright has delivered more than 200 of its integrated aircraft handling systems to navies around the world.

Source: Curtiss-Wright Corporation (NYSE: CW)
Date: Apr 25, 2013