Curtiss-Wright Awarded Contract to Provide Critical Airbase Safety Arresting Systems to the United Arab Emirates
DAVIDSON, N.C., November 02, 2022--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that it has been selected by Global Air Navigation Services (GANS), a leading specialized provider of Air Navigation services, Engineering & Technical services, and consultancy in the field of Air Navigation, to provide aircraft arresting systems to the United Arab Emirates Ministry of Defense. Under the contract, valued at approximately $19 million, Curtiss-Wright will provide specialized arresting systems supporting both tailhook and non-tailhook equipped aircraft.
"As a leading global supplier of military aircraft arresting systems, Curtiss-Wright is proud to have been selected to provide our proven arresting solutions for the UAE, significantly enhancing the safety and security of its airbase operations," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "Furthermore, we are excited to announce that we will be providing critical content from our newly acquired U.S. and France facilities that have more than 60 years of heritage in arresting systems. We look forward to providing unparalleled support in the execution of this very important contract, and continuing to build on our relationship with Global Air Navigation Services and the UAE to support ongoing airbase safety needs."
Curtiss-Wright is performing the work within its EMS division in the Naval & Power segment. The products covered by this agreement will be shipped to GANS from the Curtiss-Wright Engineered Arresting Systems - ESCO facility in Aston, PA, including components from the Curtiss-Wright Arresting Systems facility in Merpins, France.
Following the recent acquisition of the aerospace arresting systems business, Curtiss-Wright’s diverse arresting systems product portfolio includes energy absorbers, retractable hook cable systems, net-stanchion systems and mobile systems to support aircraft carrier and fixed land-based arresting systems. In addition, our aftermarket business supports a strong, global installed base of more than 5,000 systems worldwide.
For more information on Curtiss-Wright’s EMS division products, please visit http://www.cw-ems.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 Power, Process and Industrial markets. We leverage a workforce of 8,000 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 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our arresting systems products, the continued funding of these programs, the successful implementation of our products into these airbases, the overall success of these defense 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 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.
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