News Details
CURTISS-WRIGHT EXTENDS LONG TERM AGREEMENT WITH BOEING COMMERCIAL AIRPLANES
November 01, 2005
ROSELAND, N.J., Nov 01, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Curtiss-Wright Corporation (NYSE: CW) through its Motion Control segment, Curtiss-Wright Controls, Inc., renewed its long term agreement with Boeing Commercial Airplanes. The agreement extends the current contract from and gives Curtiss-Wright exclusive rights to manufacture products for Boeing production airplanes including 747 leading edge slat actuators; 737 and 767 trailing edge flap actuators; 777 flap position gearboxes; 767 and 777 cargo door actuators; 747, 767 and 777 cargo hold smoke detectors, and various flight control and position sensors.
"Curtiss-Wright has a long standing relationship with Boeing which we are pleased to extend," said Martin R. Benante, Chairman and CEO of Curtiss-Wright. "This agreement solidifies Curtiss-Wright's on-going support to Boeing and the commercial aviation market."
Curtiss-Wright began delivering flight control actuation components to Boeing in the 1960s starting with trailing edge flap actuators for the Boeing 737. The business has grown to include components on all Boeing commercial airplanes as well as Boeing military aircraft. Curtiss-Wright's Motion Control business segment is currently a silver-rated supplier and two-time winner of the Boeing President Award.
These commercial products are currently manufactured in Curtiss-Wright's facilities located in Shelby, North Carolina, Stratford, Canada, Irwindale, California and Long Beach, California.
ABOUT CURTISS-WRIGHT
Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The Company designs, manufactures and overhauls products for motion control and flow control applications, and provides metal treatment services. The firm employs approximately 5,900 people worldwide. More information on Curtiss-Wright can be found on the Internet at http://curtisswright2014.q4web.com.
ABOUT CURTISS-WRIGHT CONTROLS, INC.
Headquartered in Charlotte, North Carolina, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation. With manufacturing facilities around the world, Curtiss-Wright Controls is a leading technology-based organization providing niche motion control products, subsystems and services internationally for the aerospace and defense markets. For more information, visit http://www.cwcontrols.com.
Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. This release contains forward-looking statements regarding the continued relationship with an existing customer and the potential value of a long-term agreement. 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 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.
SOURCE Curtiss-Wright Corporation
Alexandra M. Deignan, +1-973-597-4734