For use on wide-area surveillance sensor system program
AUSA 2017, WASHINGTON, D.C. (Booth #1607) – October 9, 2017 -- Curtiss-Wright’s Defense Solutions division today announced that it was selected by a leading defense systems integrator to provide its innovative rugged data recorder technology for use on a remotely controlled, aircraft-based wide-area surveillance sensor system program. Under the contract, Curtiss-Wright is supplying a rugged modified commercial-off-the-shelf (COTS)-based 40 Gigabit Ethernet (40GbE) Data Recorder subsystem. Curtiss-Wright’s data storage unit provides two 40GbE interfaces and 32 or 64 Terabytes of storage capacity. It also provides RAID 0 and RAID 5 capability. The initial contract is valued at $2 million. The potential lifetime value of the contract is estimated at $6 million. Under the initial contract, work began in April of this year, and shipments are scheduled to continue through January 2018.
"We are very proud to have been selected to support a wide-area surveillance sensor system program with our proven, cost-effective rugged data recorder and storage technology,” said Lynn Bamford, Senior Vice President, and General Manager, Defense Solutions division.
Curtiss-Wright is manufacturing the products covered by this agreement at its Data Solutions facility in Dayton, Ohio.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. 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 8,000 people worldwide. For more information, visit www.curtisswright.com.
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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 future performance of this military contract, the continued relationship with a customer, the continued success of this military program and the future opportunities associated with military 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.