PARSIPPANY, N.J., Oct. 14, 2010 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE:CW) today announced that it has signed a follow-on, long-term Design and Manufacturing Agreement with AgustaWestland, a Finmeccanica company, to provide data recording and replay equipment, ice detection equipment and air data computers for use in GrandNew, AW139 and AW149 aircraft. Curtiss-Wright has been a supplier to AgustaWestland for the past 10 years.
"Curtiss-Wright is proud to have been selected by AgustaWestland to provide a wide array of our industry-leading electronic aircraft components," said Martin R. Benante, CEO and Chairman of Curtiss-Wright Corporation. "This agreement represents the continued supply of these products as well as expanding the product portfolio supplied to AgustaWestland for current and future aircraft."
Aircraft components provided by Curtiss-Wright under the agreement include Data Acquisition Flight Recorder, Multi Purpose Flight Recorder, Cockpit Control Unit, Cockpit Area Microphone, Recorder Independent Power Supply, Cockpit Panel Quick Access Recorder, Generic Air Data Unit, Ice Severity Detection System and PGS Flight Recorder Replay System.
Curtiss-Wright designs, develops and manufactures the components at its Motion Control segment's Avionics facility in Christchurch, U.K.
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 .
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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. 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 .
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 these helicopter programs, 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 Exchange Act of 1934, as amended, for further information.
CONTACT: Curtiss-Wright Corporation Glenn Tynan (973) 541-3710