Curtiss-Wright Awarded Contracts Valued in Excess of $80 M to Support US Navy's Virginia-class and Columbia-class Submarine Programs

Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded contracts valued in excess of $80 million to provide propulsion valves for the U.S. Navy’s Virginia-class nuclear powered attack submarine and Columbia-class submarines programs. The awards were received from Bechtel Plant Machinery, Inc. (BPMI) to support ship construction and spare parts procurement and General Dynamics Electric Boat to support ship construction for Block V, which includes the new Virginia Payload Module.

“Curtiss-Wright is pleased to have been awarded these important naval defense contracts, building upon our long-standing relationship with the U.S. Nuclear Navy and continuing our ongoing support of this critical naval defense platform,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “We look forward to delivering the most advanced, reliable, and vital technologies to our nation’s fleet of nuclear-powered submarines, which continue to receive strong Congressional support.”

Curtiss-Wright is performing this work at its facility in East Farmingdale, N.Y., a business unit of Curtiss-Wright’s Industrial division within the Commercial/Industrial segment. Engineering and manufacturing has commenced and will continue through 2024.

For over 60 years, Curtiss-Wright has ensured safe, reliable operations by supplying innovative, high-performance products for every nuclear submarine and aircraft carrier commissioned by the U.S. Navy. In addition, Curtiss-Wright technologies, such as power-dense motors and enhanced valve designs, enable more efficient operations, reduce manpower and cost, and increase safety.

Source: Curtiss-Wright Controls
Date: Aug 13, 2019