ROSELAND, N.J., Feb. 26 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation today announced that it has received a follow-on contract from Northrop Grumman Shipbuilding (NGSB) for the supply of helicopter hangar door equipment for installation on-board the USS Somerset, the ninth ship in the San Antonio-class of amphibious transport/landing platform dock (LPD) ships. The San Antonio-class, the U. S. Navy's new primary class of amphibious transport dock ship, will ultimately replace a number of older class LPD ships.
"The hangar door equipment is a critical part of the systems that enable the Navy's ships to protect our nation, and we are pleased to continue our support of the LPD ship program," said Martin R. Benante, CEO and Chairman of Curtiss-Wright Corporation. "The award of this contract confirms our engineering expertise in providing advanced performance and innovative design solutions to meet demanding requirements, and in doing so, deliver profound value to the end customer."
Curtiss-Wright's Flow Control facility in Mississauga, Ontario, Canada, will perform work for this contract with delivery scheduled for 2010. With over 50 years of experience, Curtiss-Wright is a leader in designing and manufacturing ship-borne aircraft handling systems, underwater sensor handling and specialized structures for military customers. The company designs and manufactures hangar doors to withstand severe demands from wind and shock loads, ship motion and pressures, all at the lightest possible weight.
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The company designs, manufactures and overhauls products for flow control and motion control applications, and provides a variety of metal treatment services. The firm employs approximately 8,000 people. For more information, visit http://www.curtisswright.com/.
About Curtiss-Wright Flow Control
Curtiss-Wright Flow Control (CWFC) specializes in the design and manufacture of highly engineered valves, pumps, motors, generators, electronics, systems and related products for the commercial nuclear power industry, oil and gas processing facilities and a range of critical military programs. CWFC's innovative, high-performance products play an integral role in our nation's defense, and in the safe, efficient operation of power plants and other industrial sites worldwide. Based in Falls Church, VA, the company has approximately 3,200 employees worldwide and is the Flow Control operating segment of Curtiss-Wright Corporation. For more information, visit http://www.cwfc.com/.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including statements relating to management's expectations with regard to the value of the contract, the continued relationship with an existing customer, the continued government funding of this military naval program and any future opportunities associated with this program, are not considered historical facts and are considered forward-looking statements under the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in US and Foreign government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies. Please refer to the Company's current SEC filings under the Securities and Exchange Act of 1934, as amended, for further information.
