Curtiss-Wright Lands $80M in Contracts to Provide Ship Valves for Navy; David Adams Comments

Curtiss-Wright logoCurtiss-Wright (NYSE: CW) has secured approximately $80 million in contracts to provide various valves for the U.S. Navy‘s Virginia-class submarines and Ford-class aircraft carriers.

The company said Wednesday it received the contracts from business units of Bechtel and General Dynamics (NYSE: GD) as part of a ship construction support and spare parts procurement agreement.

Curtiss-Wright will deliver fiscal year 2016 orders for two ship sets of submarine propulsion plant valves and one set of aircraft carrier propulsion plant valves, with the funding balance for a previously awarded Virginia-class submarine Block IV Ship Service Ball valve contract.

David Adams, Curtiss-Wright chairman and CEO, said the company will work to utilize continuous innovation and process improvement approaches to support the Navy’s requirements for fleet readiness.

Curtiss-Wright has begun engineering and manufacturing work at its facility in New York and will continue through 2020, the company said.

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