Curtiss-Wright Awarded $480M in Contracts For Virginia Class Submarine Program

Curtiss-Wright Corporation

announced today that it has been awarded contracts valued at over $480 million when fully funded to supply pumps, valves, generators and propulsors for the U.S. Navy's Block IV Virginia Class Submarine Program. The Navy's Block IV contracts cover 10 submarines, two per year from fiscal years 2014 through 2018. Thus far, more than $330 million of funding has been allotted to these contracts, with the remaining funding to be provided incrementally. The Curtiss-Wright Electro-Mechanical Systems (EMS) Division facilities in Cheswick, PA and Bethlehem, PA and the Curtiss-Wright Industrial Division facility in East Farmingdale, New York are performing the work under these contracts. Engineering and manufacturing has commenced and will continue through 2019. "We are very proud to have been awarded these contracts, which continue Curtiss-Wright's long-standing relationship and ongoing support for the U.S. Navy's nuclear powered Virginia Class Submarine program," said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. "These submarines remain critically important to our national defense, and our continuous improvement and cost reduction initiatives have supported the U.S. Navy in its efforts to contain costs while providing critical resources required by the Navy. Since the inception of nuclear powered submarines, Curtiss-Wright's commitment to providing critical and reliable technologies has ensured our continued participation in these indispensable programs." For over 55 years, Curtiss-Wright has supplied technologically advanced products and services to the U.S. Navy, particularly for nuclear propulsion systems. The company's innovative, high-performance products can be found aboard all nuclear submarines and aircraft carriers currently in the U.S. Navy's fleet, ensuring safe, reliable operations. Curtiss-Wright technologies, such as power-dense motors and enhanced valves, enable more efficient operations, reduce manpower and overall cost, and increase personnel and ship safety.