Award for Delivery of Leading-Edge Rotary Actuators for use in new high-capacity 747’s
PARSIPPANY, N.J. – April 13, 2010 –Curtiss-Wright Corporation (NYSE: CW) today announced that it has received a contract from The Boeing Company to provide Leading-Edge Rotary Actuators for use on the Boeing 747-8 aircraft.
“Curtiss-Wright is proud to continue our strategic role as a key supplier of advanced actuator components for Boeing aircraft,” said David Adams, co-chief operating officer of Curtiss-Wright Corporation.
Curtiss-Wright’s rotary actuator product will be manufactured by Curtiss-Wright Controls, Flight Systems in Shelby, North Carolina, and shipped to Boeing in Everett, Washington. Under the contract, delivery begins January, 2011 and extends through December, 2012.
Curtiss-Wright Leading-Edge Rotary Actuators
The company’s Leading-Edge Rotary Actuators will help improve the aircraft’s low speed performance and control characteristics by positioning each wing’s leading-edge flap and slat surface in response to pilot or flight control computer commands to increase the wing camber. Curtiss-Wright’s leading-edge rotary actuators uniquely feature patented Power Hinge™ technology that is the industry leader in geared rotary actuation solutions. The compact high-performance gearbox was designed to perform optimally under the most demanding flight control applications and to deliver unmatched reliability.
Boeing’s 747-8 Aircraft
The Boeing 747-8 Intercontinental and 747-8 Freighter are new high-capacity 747s designed to offer airlines lower operating costs and improved economics while providing enhanced environmental performance.
About Curtiss-Wright
Curtiss-Wright Corporation (NYSE: CW) 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 7,900 people worldwide. For more information, please visit www.curtisswright.com.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, N.C., 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, please visit www.cwcontrols.com.
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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 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.
