Hello, Guest!

Curtiss-Wright Buys C4ISR Tech Maker Parvus for $38M Cash; David Adams Comments

I curtiss wright logo_GovConWireCurtiss-Wright (NYSE:CW) has purchased Eurotech subsidiary Parvus, a factor computers and communications subsystems manufacturer, for $38 million cash.

Salt Lake City, Utah-based Parvus builds small-form factor rugged computing and networking subsystems used in C4ISR operations (command, control, communications, computers, intelligence, surveillance, and reconnaissance), Curtiss-Wright said Tuesday.

Parvus expects to generate $23 million in sales during 2013 and will be a part of Curtiss-Wright’s controls segment.

David Adams, Curtiss-Wright president and CEO, said the company purchased Parvus to address customer demand for reduced size, weight, and power equipment.

Industrial customers use Parvus products for applications in system monitoring, diagnostics, networking, communications and vetronics subsystem control.

Video of the Day