Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded contracts by Leidos valued at approximately $40 million to support the production of the U.S. Army’s Indirect Fire Protection Capability Increment 2 (IFPC Inc 2) system. Under the agreement, Curtiss-Wright will provide electromechanical actuation technology along with rugged, small form factor mission computers for mobile ground-based air defense systems.
“Curtiss-Wright is proud to continue its partnership with Leidos by providing our industry-leading electromechanical actuation and rugged defense computing technology in support of the U.S. Army’s IFPC program,” said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. “These contracts build upon Curtiss-Wright’s track record as a supplier of high-precision, high-torque actuators and cost-effective mission computing solutions that can meet the military’s growing need for efficiency, improved size and weight, and increased power.”
IFPC Inc 2 is a ground-based air defense system designed to provide air-defense launching capability against rapidly evolving threats by acquiring, tracking, engaging and defeating cruise missiles, rockets and unmanned aircraft systems, and is expected to support Indo-Pacific operations for the Defense of Guam. Curtiss-Wright is performing the work within its Aerospace & Industrial and Defense Electronics segments.
Curtiss-Wright’s electromechanical actuators incorporate the Company’s commercial roller screw and motor technologies modified to meet the U.S. Army’s rigorous environmental and performance criteria by offering clean, fast and accurate control over a wide range of force, speed, and positioning. The technology has wide applications across Aerospace & Defense (A&D) and industrial markets. For more information on Curtiss-Wright’s product offerings in electromechanical actuation products, visit Actuation | Curtiss-Wright.
Curtiss-Wright’s DuraCOR 8044 mission computer incorporates the 11th generation Intel® Xeon® W (Tiger Lake-H) processor and is optimally designed for size, weight, and power (SWaP)-sensitive mobile, airborne, ground, manned/unmanned vehicle, and sensor applications. To learn more about Curtiss-Wright’s rugged mission computing technology, visit Defense Solutions | Curtiss-Wright and Curtiss-Wright Defense Solutions | LinkedIn.
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 9,200 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.
Note: Trademarks are property of their respective owners.
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’s expectations of a continued relationship with an existing customer, the funding and success of this air defense system, the performance of its actuation and mission computing products on this 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.
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