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David Adams: Curtiss-Wright Looks to Expand Nuclear Manufacturing and Test Operations Through New Acquisition

Curtiss-Wright logoCurtiss-Wright (NYSE: CW) has acquired nuclear utility equipment supplier Nuclear Power Services Inc. for approximately $8 million in cash.

NPSI runs a facility in Canada that makes replacement products, aftermarket parts and testing services to reactor operators globally, Curtiss-Wright said Tuesday.

“The acquisition of NPSI expands our nuclear manufacturing and test operations by providing an enhanced channel to the international fleet of Canadian-designed nuclear power plants, ” said David Adams, Curtiss-Wright president and CEO.

NPSI, a 20-employee company, will operate under Curtiss-Wright’s energy business.

Adams added that Curtiss-Wright aims to expand its footprint in the commercial grade dedication and equipment qualification services market through the acquisition.

Curtiss-Wright says it projects NPSI’s sales to be $5 million in fiscal 2014.

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