Curtiss-Wright Awarded $26 Million Contract to Provide Aircraft Arresting Systems and Support to the Belgian Air Force
September 03 2024 - 4:30PM
Business Wire
Curtiss-Wright Corporation (NYSE: CW) today announced that it
has been awarded a $26 million multi-year contract by the Belgian
Air Force to implement a modernization program for its aircraft
arresting systems.
Under the agreement, Curtiss-Wright will provide new cable
systems and related turnkey services to three airbases to support
the upcoming delivery of the F-35 to Belgium, as well as safeguard
its emergency takeoff and landing phases. The contract also
provides various services, spares, repair, and overhaul supporting
the Belgian Air Force’s military flight operations.
“As a leading global supplier of military aircraft arresting
systems and support capabilities, Curtiss-Wright is proud to have
the opportunity to build upon our existing relationship with the
Belgian Air Force to provide new systems, aftermarket, and
logistical services to support the availability and longevity of
its arresting capability,” said Lynn M. Bamford, Chair and Chief
Executive Officer of Curtiss-Wright Corporation. “In addition, this
contract further demonstrates the growing demand for our
technologies in support of our defense allies and partners in
NATO.”
Curtiss-Wright will successively equip the main and parallel
runways of the Florennes, Kleine-Brogel, and Bevauchain Air Bases
to drive complete standardization of all air base configurations.
In addition, Curtiss-Wright’s ESCO SmartArrest® system, a unique,
computerized version of the ESCO BAK-12 energy absorber, will help
to automatically ensure the successive arrestment of multiple
fighter jet platforms.
Curtiss-Wright is performing the work within its EMS division in
the Naval & Power segment. Manufacturing of the energy
absorbers and the BAK-12 mobile systems (PortArrest®) will take
place at its Arresting Systems facility in Aston, Pa, while
retractable hook cable systems will be manufactured at its Merpins,
France facility. Additionally, a 10-year maintenance contract for
services, spares, repair, and overhaul will be performed at the
Merpins facility which has historically supported NATO European
customers.
For more information on Curtiss-Wright Arresting Systems (ESCO),
please visit http://www.cw-ems.com/arresting-systems.
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 approximately 8,600
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 of future
performance of our arresting systems products, additional contracts
with this Belgian customer, the successful implementation of our
products, the overall success of these defense programs and future
opportunities associated with the installed base of 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 Belgium or 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240903797511/en/
Jim Ryan (704) 869-4621 jim.ryan@curtisswright.com
Curtiss Wright (NYSE:CW)
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