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Curtiss-Wright Wins $12 Million Electronics Contract
Battery Charger/Power Supply for VT Miltope's Army MSD-V2 Program
ROSELAND, N.J., Dec. 22 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation
(NYSE: CW; CW.B) has been selected by VT Miltope, a Vision Technologies Systems
company, to provide the battery charger/power supply for the Maintenance
Support Device-V2 (MSD-V2). This indefinite quantity contract has a potential
value up to $12 million over a 5-year period and is a follow on contract from
strong performance on the existing MSD program.
The battery charger/power supply, a separate component provided by
Curtiss-Wright, supplies electric power to the MSD-V2 while charging a battery
simultaneously for remote operations. The MSD-V2 is essentially a ruggedized
laptop computer used to test and diagnose the U.S. Army's complex communication
equipment and other electronic commodity equipment, such as missiles, aircraft
and ground vehicles, to identify failed line replaceable units. The MSD-V2
system will also be used to host Interactive Electronic Technical Manuals,
and/or specific application software, and to upload/download mission data or
software.
Curtiss-Wright, through its Motion Control segment, is a leading supplier of
power conversion and power supply products. The company will supply this
commercial-off-the-shelf (COTS) battery charger/power supply from its
Integrated Sensing operations in Irwindale, California.
Martin R. Benante, Chairman and Chief Executive Officer of Curtiss-Wright,
commented, "This agreement demonstrates our superior product performance in
high technology systems and further enhances our relationship with VT Miltope.
We look forward to providing these state-of-the-art technologies to our
customers and continuing the Curtiss-Wright heritage of innovation on mission-
critical components."
About Curtiss-Wright Corporation
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 5,500 people worldwide. More
information on Curtiss-Wright can be found on the Internet at
http://www.curtisswright.com/.
About Curtiss-Wright Motion Control
Headquartered in Gastonia, North Carolina, Curtiss-Wright Controls, Inc. 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, embedded
computers, subsystems and services internationally for the aerospace and
defense markets. For more information, visit http://www.cwcontrols.com/.
This press release contains forward-looking statements regarding the potential
value of a commercial contract and the Company's ability to continue to provide
state-of-the-art technologies. 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 potential value of the long-term agreement, and
continued relationships with an existing customer. 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.
DATASOURCE: Curtiss-Wright Corporation
CONTACT: Alexandra M. Deignan of Curtiss-Wright Corporation,
+1-973-597-4734
Web site: http://www.curtisswright.com/
http://www.cwcontrols.com/