DAVIDSON, N.C.--July 5, 2022-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has completed the acquisition of the Safran Aerosystems Arresting Company (SAA) for $240 million in cash. SAA is a designer and manufacturer of mission-critical, fixed-wing aircraft emergency arresting systems with a strong installed base of more than 5,000 systems worldwide including sales to more than 70 countries.

The acquisition of the Safran arresting systems business firmly establishes Curtiss-Wright as a leading global supplier of fixed-wing aircraft recovery and arresting systems, and increases the breadth of the Company’s global defense portfolio as approximately 75% of SAA’s sales are generated outside of the U.S. and support many NATO partners. SAA’s safety systems have a strong alignment to and are a logical adjacency with Curtiss-Wright’s existing helicopter landing and recovery systems, and the combination provides an opportunity to leverage our combined, long-standing relationships with leading defense customers supporting critical defense platforms.

The business will operate within Curtiss-Wright's Naval & Power segment. The acquisition supports Curtiss-Wright's financial objectives for long-term profitable growth and strong free cash flow generation. SAA generated sales of approximately $70 million in 2021, and it is expected to be accretive to Curtiss-Wright's adjusted diluted earnings per share in its first full year of ownership and produce a strong free cash flow conversion rate well in excess of 100%. The Company will update its 2022 financial guidance to include SAA’s contribution when it issues its second quarter 2022 results.

Through its predecessor companies, SAA created the first aircraft arresting system in 1960 and today is a world leader in land-based military arresting systems. Its diverse product portfolio includes energy absorbers, retractable hook cable systems, net-stanchion systems and mobile systems to support aircraft carrier and fixed land-based arresting systems. SAA’s aftermarket business, which is supported by the world’s largest installed base of arresting systems, provides cradle-to-grave support from civil engineering at installation, on-site qualification through post-installation maintenance, spares, and overhaul services. SAA employs nearly 140 people and maintains operations in Aston, Pa. and Merpins, France.

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 Power, Process and Industrial markets. We leverage a workforce of 7,800 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.

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations for the future opportunities associated with the acquisition, the 2022 financial forecast for Safran arresting systems business, the success of transferring Safran’s technology throughout our existing world-wide network, and the success of the Company integrating the Safran Aerosystems Arresting Company into its Naval & Power segment 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 Corporation

Cheswick, PA – April 27, 2022 – Curtiss-Wright’s EMS division today announced it has formed a formal service alliance with Sauer Compressors USA to service, maintain, overhaul, and repair installed Sauer products in the US Navy, Military Sealift Command (MSC), and US Coast Guard vessels flagged in the United States. The alliance agreement represents the first of its kind known between two compressor OEM’s, directed toward improving the service footprint, reducing repair time, and increasing reliability of nameplated assets.

“We are very pleased to support Sauer Compressors USA, and to have the opportunity to strengthen the relationship by serving our clients together in this new partnership,” said Greg Hempfling, Senior Vice President and General Manager of Curtiss-Wright’s EMS division.

Curtiss-Wright’s Fleet Solutions business will align with Sauer Compressors USA existing support activities to service all shipboard assets under the agreement, with Sauer Parts, Training and Engineering support, to deliver best-in-class maintenance, support, and service, just as Fleet Solutions performs daily from three strategically located, dedicated service centers in Atlantic Beach, FL, San Diego, CA, and Chesapeake, VA. “The selection of Fleet Solutions for this effort demonstrates our service capabilities for our combined product footprint across the east and west coasts of the United States,” added Hempfling.

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 Power, Process and Industrial markets. We leverage a workforce of 7,800 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.

About Sauer Compressor USA

Sauer Compressors USA specializes in the manufacturing of medium and high-pressure compressors for naval, commercial maritime, offshore, research & development, and demanding industrial applications within the Air, CNG, N2, He, Hydrogen, and inert gas compression markets. Sauer Compressors USA is headquartered in Stevensville, MD with sales and service offices throughout North America. For more information, visit https://www.sauerusa.com.

Contact: Rachel Lukcic
724-275-5339
[email protected]

To supplyRecovery Assist, Secure and Traverse (RAST) Systems 

Cheswick, PA – March 29, 2022 – Curtiss-Wright’s EMS division today announced that it has received a contract award from the Canadian Commercial Corporation (CCC) for the supply of five (5) Recovery Assist, Secure and Traverse (RAST) Systems. The RAST Systems will be delivered to the Naval Air Warfare Center, Aircraft Division, and installed on the U.S. Navy’s Arleigh Burke-class Guided Missile Destroyers (DDG-51). 

“We are very pleased to continue our long-standing partnership with the U.S. Navy and to continue supporting the Canadian Commercial Corporation,” said Greg Hempfling, Senior Vice President and General Manager, EMS Division. “The ongoing supply of the RAST Systems demonstrates our engineering expertise in providing sustained performance and long-term solutions to meet mission-critical requirements, and in so doing, deliver profound value to our customer.”

INDAL Technologies Inc., based in Mississauga, Ontario, Canada, will perform the work for DDG-51 Hulls 133-139. INDAL has been a proud supplier of the RAST System to the U.S. Navy for over 40 years and has supported over 160 ships in the U.S. Navy fleet. The RAST System is an integrated system enabling helicopters to safely land and take-off in severe weather conditions, up to sea state 5/6. Upon landing, the system secures the aircraft and safely traverses the helicopter between the flight deck and hangar. INDAL is committed to providing premier aircraft handling solutions, safe-guarding military assets and personnel to support mission critical operations.

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 Power, Process and Industrial markets. We leverage a workforce of 7,800 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.

About INDAL Technologies

With over 50 years’ experience, INDAL, a business unit of Curtiss-Wright’s EMS Division, is a world leader in the design and development of ship-borne helicopter handling systems, undersea sensor handling systems and other sophisticated systems for 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 a high degree of value to 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: www.cw-ems.com/indal 

About the Canadian Commercial Corporation (CCC)

CCC helps Canadian businesses access the US Department of Defense (US DoD) procurement market – the world’s largest military buyer. Under the Canada-U.S. Defence Production Sharing Agreement (DPSA), Canadian businesses can compete for contracts with the U.S. DoD on an equal footing with U.S. suppliers. Since 1956, CCC has served as prime contractor for all U.S. defence purchases from Canada over USD $250,000. 

Contact: Rachel Lukcic
724-275-5339
[email protected] 

To supply MANTIS-ELP for Lockheed Martin Small Combatants and Ship Systems (SCSS) Line of Business

Cheswick, PA – March 16, 2022 – Curtiss-Wright’s EMS division today announced that it has received a contract award from the Lockheed Martin Corporation for the supply of four (4) MANTIS-Extra Low Profile (ELP). The MANTIS-ELP’s will be delivered to Lockheed Martin and used as the helicopter secure and traversing system in support of Lockheed Martin’s Small Combatants and Ship Systems (SCSS) Line of Business.

“We are proud to partner with Lockheed Martin to support the ship building programs,” said Greg Hempfling, Senior Vice President and General Manager, EMS Division. “This order demonstrates our capabilities and solidifies the MANTIS-ELP as an exclusive helicopter securing and traversing system on ships around the world.”

INDAL Technologies Inc., based in Mississauga, Ontario, Canada, will perform the work for this contract with the first delivery scheduled for March 2023.

INDAL Technologies is a premier manufacturer of aircraft handling solutions for the world’s leading navies. The company’s various helicopter handling solutions are in-service with multiple NATO member and their global partners. INDAL is committed to providing premier aircraft handling solutions, safe-guarding military assets and personnel to support mission critical operations.

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 Power, Process and Industrial markets. We leverage a workforce of 7,800 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.

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 continued funding and success of this program, the performance of its products in this program, and the future opportunities associated with this program, are not considered historical facts and are considered forwardlooking 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.

A Leading Global Supplier of Mission-Critical, Military Aircraft Arresting Systems

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has entered into an agreement to acquire the assets that comprise the Safran Aerosystems Arresting Company (SAA) for $240 million in cash. SAA is a designer and manufacturer of aircraft emergency arresting systems with more than 5,000 systems worldwide and currently sells into more than 70 countries.

SAA generated sales of approximately $70 million in 2021 and is expected to be accretive to Curtiss-Wright's adjusted diluted earnings per share in its first full year of ownership, excluding first year purchase accounting costs, and produce a strong free cash flow conversion rate well in excess of 100%. The acquired business will operate within Curtiss-Wright's Naval & Power segment.

“The acquisition of the Safran arresting systems business increases the breadth of our global defense portfolio and firmly establishes Curtiss-Wright as a leading global supplier of fixed-wing aircraft recovery and arresting systems,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. "SAA’s technologies are a logical extension to our existing helicopter landing and recovery systems. The combination provides an opportunity to leverage our long-standing relationships with leading defense customers supporting critical defense platforms, such as the F-35, and is expected to yield significant opportunities for revenue growth, including increased foreign military sales.”

“Building on our successful acquisition track record, SAA’s critical safety systems have a strong alignment to our strategic priorities as highlighted at our 2021 investor day.”

Through its predecessor companies, SAA created the first aircraft arresting system in 1960. Today, its diverse product portfolio includes energy absorbers, including the BAK-12 multiple disc mechanical brake system, retractable hook cable systems, net-stanchion systems and mobile systems to support aircraft carrier and fixed land-based arresting systems. In addition to being a world leader in land-based military arresting systems, SAA also supplies the mechanical braking module for the Advanced Arresting Gear (AAG) used on the U.S. Navy’s Ford-class aircraft carrier program. SAA’s aftermarket business, which is supported by the world’s largest installed base of arresting systems, provides cradle-to-grave support from civil engineering at installation, on-site qualification through post-installation maintenance, spares, and overhaul services.

SAA, which employs nearly 140 people, is based in Aston, Pa., and also maintains operations in Merpins, France. The acquisition is expected to close in the third quarter of 2022, subject to regulatory approval and other closing conditions.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,200 people worldwide. For more information, visit www.curtisswright.com.

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations for the future opportunities associated with the acquisition, the success of transferring Safran’s technology throughout our existing world-wide network, and the success of the Company integrating the Safran Aerosystems Arresting Company into its Naval & Power segment 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220121005096/en/

Jim Ryan
(704) 869-4621
[email protected]

Source: Curtiss-Wright Corporation

DAVIDSON, N.C.--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded contracts valued at approximately $100 million to provide pumps for the U.S. Navy’s Virginia-class submarine, Columbia-class submarine and Ford-class aircraft carrier programs. The awards were received from Bechtel Plant Machinery, Inc. (BPMI) to support ship construction.

“Curtiss-Wright is proud to have been awarded these significant naval defense contracts, which build upon our rich heritage and long-standing relationship with the U.S. Nuclear Navy,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “Since the inception of nuclear-powered ships, Curtiss-Wright’s commitment to providing the safest, most advanced and reliable technologies has ensured our ongoing participation in these important defense programs, which continue to receive strong Congressional support.”

Curtiss-Wright is performing this work at its Cheswick, Pennsylvania facility within the Company’s Naval & Power Segment. The receipt of these new awards builds upon previously awarded contracts to provide propulsion valves, pumps and advanced instrumentation and control systems, valued in excess of $130 million, received in the second quarter of 2021.

For over 60 years, Curtiss-Wright has ensured safe, reliable operations by supplying innovative, high-performance products for every nuclear submarine and aircraft carrier commissioned by the U.S. Navy. For more information on Curtiss-Wright’s Naval & Power Segment products for the U.S. Navy, please visit www.curtisswright.com/organization/naval-power.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,200 people worldwide. For more information, visit www.curtisswright.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 pumps, the continued relationship with an existing customer, the continued funding of these programs by the U.S. Navy, the successful implementation of our products into these naval defense programs, the overall success of these naval defense programs and future opportunities associated with these programs, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005573/en/

Jim Ryan
(704) 869-4621
[email protected]

Source: Curtiss-Wright Corporation

CHESWICK, PA – August 2, 2021 – Curtiss-Wright’s EMS division today announced it has received an order to provide High Pressure Air Compressor overhauls, upgrades and training of eight units aboard Foreign Military Service vessels being transferred to the country of Taiwan. The $3.6 million contract is the second award issued to Curtiss-Wright by VSE Corporation in support of Foreign Military Sales (FMS) for Taiwan. The first contract of $7 million was awarded in 2018 and was delivered in 2020.

“We are very pleased to support VSE and the FMS transfer program to Taiwan, and to have the Taiwanese Navy customer for our products,” said Greg Hempfling, Senior Vice President and General Manager of Curtiss-Wright’s EMS division. “The selection of Fleet Solutions for this effort demonstrates our service capabilities for our products, even when those products are home-ported, or deployed over the horizon”.

Curtiss-Wright’s Fleet Solutions business will overhaul and upgrade all compressors for these ships based in Taiwan. Curtiss-Wright will also deliver best-in-class training to the Taiwanese Navy for PLC upgrades and operations, just as it performs daily for the U.S. Navy.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,200 people worldwide. For more information, visit www.curtisswright.com

About VSE Corporation

VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets supporting government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s products and services, visit www.vsecorp.com.

CHESWICK, PA – June 30, 2021 – Curtiss-Wright’s EMS division today announced it has received an order to provide eleven of its MANTIS-RAM Aircraft Tug systems in support of Indian Coast Guard requirements. The contract was issued by Hindustan Aeronautics Limited (HAL) of India in support of its contract with the Indian Coast Guard for the supply of HAL’s Dhruv Mk III helicopter.

“We are very pleased to support HAL and the Indian Coast Guard’s Dhruv Mk III helicopter program and to have India as a first-time customer for our products,” said Greg Hempfling, Senior Vice President and General Manager of Curtiss-Wright’s EMS division. “Selection of the MANTIS-RAM Aircraft Tug demonstrates our capabilities in providing solutions for handling aircraft in the severe conditions typical of the marine environment.” 

Curtiss-Wright’s INDAL business will manufacture and test all MANTIS-RAM Aircraft Tugs at its facility based in Mississauga, Ontario, Canada. Curtiss-Wright has delivered customized aircraft handling solutions to several of the world’s leading navies. 

About Curtiss-Wright Corporation 

Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the Aerospace and Defense markets, and to the Commercial markets including Power, Process and General Industrial. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,200 people worldwide. For more information, visit www.curtisswright.com. 

About INDAL 

With over 50 years’ experience, INDAL, based in Mississauga, Ontario, Canada, is a world leader in the design and development of ship-borne helicopter handling systems, undersea sensor handling systems and other sophisticated systems for international navies. The business 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 a high degree of value to 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: www.cw-ems.com/indal