PARSIPPANY, N.J., April 26, 2011 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE:CW), through its Motion Control segment, has renewed its long-term agreement with Boeing Commercial Airplanes. The agreement extends the current contract and gives Curtiss-Wright exclusive rights to manufacture numerous products for Boeing production airplanes, including the 737 and 767 trailing edge flap actuators, 747-8 leading edge flap actuators, 777 flap position gearboxes, 767 and 777 cargo door actuators, 747-8, 767 and 777 cargo hold smoke detectors and various flight control and pilot control position sensors.
"Curtiss-Wright is extremely pleased to continue our long-standing relationship with Boeing," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "Our business relationship with Boeing began over 90 years ago when Glenn Curtiss delivered an engine for William Boeing's second airplane, the Model 4. Today we are proud to be able to provide products for every Boeing commercial airplane in production."
Curtiss-Wright first delivered flight control actuation components to Boeing that built the foundation of this long-term agreement in the 1960s, starting with trailing edge flap actuators for the 737 platform. Since then, the business has grown to include components on all Boeing commercial aircraft as well as Boeing military aircraft.
The products covered by this long-term agreement are manufactured in Curtiss-Wright
Motion Control facilities located in Shelby, NC, Boca Raton, FL, Irwindale, CA and Stratford, Canada.
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. The company designs and manufactures products for motion control and flow control applications, and provides metal treatment services. The firm employs approximately 7,600 people worldwide. For more information, visit www.curtisswright.com
The Curtiss-Wright Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7709
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 for the aerospace, defense, naval and industrial 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 Controls' expectations of future performance of this contract extension, the continued relationship with an existing customer, the continued success of these commercial aerospace programs and the future opportunities associated with these programs, 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: Jim Ryan (973) 541-3766