×

Curtiss-Wright Awarded Contract From Rolls-Royce

Curtiss-Wright Corporation Logo

PARSIPPANY, N.J., July 16, 2013 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE:CW) announced today that its Surface Technologies segment has been awarded a contract from Rolls-Royce to establish and operate a laser peening production cell inside of Rolls-Royce's wide chord fan blade (WCFB) manufacturing facility in Singapore. The laser peening cell is currently fully operational and processing fan blades for certain Trent aero engines.

Curtiss-Wright's laser peening technology is based on a Neodymium glass laser technology, which was originally developed in conjunction with Lawrence Livermore National Laboratory. It has the ability to impart deep compressive stresses on the surface of metal parts, which can then be used to minimize the maintenance/inspection interval of these critical components. Curtiss-Wright Surface Technologies operates laser peening facilities in Livermore, CA; Earby, UK; Frederickson, WA and Palmdale, CA and also has mobile laser peening systems with the capability to go on-site anywhere in the world.

"We are very pleased to be providing Rolls-Royce with our state-of-the-art laser peening technology for their most advanced commercial engine designs," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "This award is a significant milestone in continuing to expand our proprietary laser peening technology globally. A number of industry leaders, such as Boeing and Siemens, have also recognized the benefits of this unique and highly technical offering."

The Trent aero engine family provides world class performance and reliability to a wide array of the most advanced commercial airplanes today, including the Boeing 787, Airbus A350 and Airbus A380.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation (NYSE:CW) is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control, motion control and surface treatment technologies to the defense, energy and commercial/ industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation and prides itself on long-standing customer relationships. The company employs approximately 10,000 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 Surface Technologies' expectations of future performance of this contract, the continued relationship with a customer, the continued success of this aircraft engine program and the 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 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.

CONTACT: Jim Ryan (973) 541-3766

Source:Curtiss-Wright Corporation