Curtiss-Wright Controls, Inc. today announced that it has received a contract from a leading global provider of aviation technology for aircraft manufacturers and airlines to supply its linear variable differential transformer (LVDT) sensor technology for use on a next generation aircraft engine program. The initial contract is valued at $5 million, with an estimated total value of approximately $20 million over the lifetime of the program. Shipments of the units are scheduled to begin in the third quarter of 2013, and continue through 2021.
“We are very proud that our linear sensors were chosen for use on this important and exciting next generation engine,” said Tom Quinly, president of Curtiss-Wright Controls. “This agreement is an exciting opportunity for Curtiss-Wright to increase its technology footprint with a key strategic customer.”
Source: Curtiss-Wright Corporation (NYSE: CW)
Date: Jun 18, 2013