Curtiss-Wright Flow Control Receives Contract From South Korea's Hanwha Corporation

FALLS CHURCH, Va., Feb. 16, 2011 /PRNewswire/ -- Curtiss-Wright Flow Control Company announced today it has received a contract from Hanwha Corporation of South Korea.  The multi-million dollar contract authorizes work to commence on the design and manufacture of Towed-Array Handling Systems to be used in conjunction with a South Korean shipbuilding program.

Work for this contract will be performed at INDAL Technologies, a business unit of Curtiss-Wright Flow Control Company, based in Mississauga, Ontario, Canada, with the first delivery scheduled for October 2014.

"We are very pleased to support South Korea's shipbuilding project." said David Linton, President, Curtiss-Wright Flow Control and Co-Chief Operating Officer of Curtiss-Wright Corporation.  "The supply of Towed-Array Handling Systems demonstrates our engineering expertise in providing advanced performance and innovative equipment designs.  Curtiss-Wright consistently delivers demonstrated, profound value to our customers and it is what sets us apart from the competition."

Curtiss-Wright's capabilities include customized cable handling systems designed to meet varied customer requirements for military, scientific and commercial applications.  With systems that operate safely in high sea states and at maximum ship speeds, Curtiss-Wright is recognized as a world leader in the design and supply of cable handling systems for both surface and submarine applications.

About Curtiss-Wright Flow Control Company

Curtiss-Wright Flow Control Company specializes in the design and manufacture of highly engineered valves, pumps, motors, generators, electronics, systems and related products for the commercial nuclear power industry, oil and gas processing facilities    and a range of critical military programs.  Its innovative, high-performance products play an integral role in our nation's defense and in the safe, efficient operation of power plants and other industrial sites worldwide. Based in Falls Church, VA, the company has more than 3,400 employees worldwide and is the Flow Control segment of Curtiss-Wright Corporation (NYSE: CW).  For more information, visit: www.cwfc.com.

About INDAL Technologies

With over 50 years experience, INDAL Technologies, a business unit of Curtiss-Wright Flow Control Company, is a world leader in the design and development of ship-borne helicopter handling systems, cable handling systems, specialized structures and other sophisticated systems for the U.S. and international navies.  The company combines a high level of engineering and manufacturing capability, with expertise in the management of large and complex defense programs, to provide unique solutions and deliver significant value for its customers.  Its industry leading manufacturing practices, adherence to ISO quality system requirements, program management and control systems ensure product excellence.  For more information, visit: http://indaltech.cwfc.com/.

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 Corporation's expectations of future performance of our products, the value of the contract, the continued relationship with  a customer, the successful implementation and funding of this U.S. government 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 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.

SOURCE Curtiss-Wright Flow Control Company

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED