Curtiss-Wright Awarded Contracts Valued in Excess of $140M to Support U.S. Navy’s Virginia-class and Columbia-class Submarine Programs

DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced it was awarded contracts valued in excess of $140 million by General Dynamics Electric Boat to provide propulsion equipment supporting the U.S. Navy’s Virginia-class and Columbia-class nuclear-powered submarines. Under the agreement, Curtiss-Wright will support ongoing submarine construction programs and fleet sustainment efforts that are essential to maintaining the Navy’s undersea dominance.

“As a trusted and longstanding supplier to the U.S. Navy, Curtiss-Wright is pleased to support the U.S. Navy’s Virginia-class and Columbia-class submarine programs, which are essential to the nation’s long-term undersea defense strategy,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “These contract awards reflect the continued confidence that our customers place in Curtiss-Wright’s propulsion technologies and manufacturing expertise.”

Curtiss-Wright is performing the work within its Naval & Power Segment and Defense Electronics. Engineering, manufacturing, and testing have commenced and will continue through 2030.

For over 60 years, Curtiss-Wright has ensured safe, reliable operations by supplying innovative, high-performance products, including propulsion valves and pumps, for every nuclear-powered submarine and aircraft carrier commissioned by the U.S. Navy. For more information on Curtiss-Wright’s Defense Electronics Segment and Naval & Power Segment products for the U.S. Navy, please visit www.curtisswright.com/organization/naval-power or www.cwdefense.com

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE: CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Nuclear Power, Process and Industrial markets. We leverage a workforce of approximately 9,300 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.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 products, the continued relationships with existing customers, the continued funding of programs by the U.S. Navy, the successful implementation of our products into naval defense and commercial nuclear programs, the overall success of these programs, and 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.