Curtiss-Wright Awarded $85 M to Support US Navy's Ford-Class Aircraft Carrier Program

Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded a contract valued in excess of $85 million to provide main propulsion steam turbines and auxiliary equipment for the U.S. Navy’s Ford-class aircraft carrier Enterprise (CVN 80). The award was received from Huntington Ingalls, Newport News Shipbuilding (HII-NNS) to support planned ship construction.

“We are pleased to have been awarded this important naval defense contract, underscoring Curtiss-Wright’s long-standing relationship with the U.S. Navy and continued support of their critical platforms which continue to receive strong Congressional support,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “This contract reflects the first award received by our Dresser-Rand government business acquired on April 2, 2018, and ensures that we will continue to provide the most advanced and reliable steam turbine technologies to Newport News Shipbuilding and the U.S. Navy. Further, our innovative products and reliable solutions continue to support the U.S. Navy’s cost and delivery targets, and reinforce the fleet readiness commitments for the aircraft carrier platform.”

Curtiss-Wright is performing the work within its EMS division in the Power segment. Engineering and manufacturing will commence in 2018 and will continue through at least 2022. The products will be shipped to Newport News Shipbuilding in Virginia.

Source: Curtiss-Wright Controls
Date: Apr 17, 2018