News Details
CURTISS-WRIGHT RECEIVES MULTI-MILLION DOLLAR FOLLOW-ON CONTRACT FROM JAPAN MINISTRY OF DEFENSE
March 16, 2009
--AWARD FOR SUPPLY OF MODIFIED RAST SHIP-BORNE HELICOPTER HANDLING SYSTEM FOR JAPAN MARITIME SELF-DEFENSE FORCE 20DD DESTROYER PLATFORM
PARSIPPANY, N.J., March 16, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Curtiss-Wright Corporation (NYSE: CW) today announced that it has received a Japan Ministry of Defense contract, through Mitsubishi Corporation, for the supply of a Recovery Assist, Secure and Traverse (RAST) Mark VI helicopter handling system to be integrated on-board the Japan Maritime Self-Defense Force 20DD destroyer platform.
"We are very pleased to continue our support of this important ship program," said Martin R. Benante, CEO and Chairman of Curtiss-Wright Corporation. "The improved RAST Mark VI system demonstrates our engineering expertise in providing advanced performance and innovative equipment designs, and in providing profound value to our customers through operational efficiency."
Curtiss-Wright's Flow Control facility in Mississauga, Ontario, Canada, will perform work for this contract with delivery to the Japan Ministry of Defense scheduled for late 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 20DD RAST Mark VI is a hybrid system that builds on the well-established capabilities of the RAST system currently in operation with the Japanese, U.S., Canadian, Australian, Spanish and Taiwan Navies. It incorporates selected features and capabilities from the more advanced Aircraft Ship Integrated Secure and Traverse (ASIST) system also produced by Curtiss-Wright Flow Control. The resulting hybrid system provides improved capabilities and functionality with reduced footprint and weight relative to earlier RAST systems.
The 20DD is the second ship in a class of Japan Maritime Self-Defense Force helicopter-capable destroyers designed to incorporate the latest advancements in shipboard mission systems. The vessels will provide advanced defense against air, submarine and surface threats in area defense of the new DDG Groups.
ABOUT CURTISS-WRIGHT
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 8,000 people worldwide. For more information about Curtiss-Wright, visit curtisswright2014.q4web.com.
ABOUT CURTISS-WRIGHT FLOW CONTROL
Curtiss-Wright Flow Control 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. Its 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 more than 3,200 employees worldwide and is the Flow Control segment of Curtiss-Wright Corporation. For more information, visit 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 Curtiss-Wright Corporation's expectations of future performance of our development work, the value of the contract, the continued relationship with an existing customer, the successful implementation of this foreign government program and 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.
SOURCE Curtiss-Wright Corporation
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