News Details
FOR FLAP TRACK ASSEMBLY ON THE 737-800 AIRCRAFT
PARSIPPANY, N.J., Jul 19, 2010 (GlobeNewswire via COMTEX News Network) -- Curtiss-Wright Corporation (NYSE:CW) today announced that it has received a contract from Boeing Commercial Airplanes to provide the flap track assembly for the outboard and inboard flap system on the Next-Generation 737-800.
"This award enhances Curtiss-Wright's diverse product capabilities and enhances our installed base on Boeing's most popular commercial plane," said Martin R. Benante, CEO and Chairman of Curtiss-Wright Corporation. "This further establishes Curtiss-Wright's manufacturing leadership for critical high-lift mechanisms, assemblies and components."
The flap track assembly provides the structural support for the mechanisms deploying the 737-800's wing flaps. Curtiss-Wright's Motion Control business segment will manufacture the flap track assembly at the company's facility in Shelby, NC. Production will begin in 2012 and continue through 2015.
ABOUT CURTISS-WRIGHT
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. 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 7,500 people worldwide. For more information, visit curtisswright2014.q4web.com.
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ABOUT CURTISS-WRIGHT CONTROLS, INC.
Headquartered in Charlotte, NC, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation. The company is a leading designer and manufacturer of advanced technologies for niche actuation and drive applications, integrated sensors and electronic subsystems internationally for the aerospace and defense markets. For more information, visit www.cwcontrols.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 and funding of this 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 U.S. 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 Exchange Act of 1934, as amended, for further information.
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SOURCE: Curtiss-Wright Corporation
CONTACT: Curtiss-Wright Corporation Alexandra Deignan (973) 541-3734
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