7/104 sources · 4 publishersUpdated Nov 4, 13:58 UTC
Curtiss‑Wright secures more than $225 million in U.S. Navy submarine and carrier contracts
Curtiss‑Wright Corporation announced contracts exceeding $225 million from Bechtel Plant Machinery to supply propulsion valves, pumps and control systems for the Navy’s Virginia‑class, Columbia‑class and Ford‑class programs. The work will be performed at the company’s New York and Pennsylvania facilities and is scheduled to continue through 2030. The contracts extend a partnership that has lasted over 60 years with the U.S. Naval Nuclear Propulsion Program.
Why it matters
The contracts add to Curtiss‑Wright’s order backlog and should lift defense‑segment revenue in the coming years, according to the company’s press release.
Key facts
- 1Curtiss‑Wright received contracts exceeding $225 million from Bechtel Plant Machinery. investing.com
- 2The contracts cover propulsion valves, pumps and instrumentation and control systems for the Virginia‑class, Columbia‑class and Ford‑class programs. investing.com
- 3Work will be performed at facilities in New York and Pennsylvania. investing.com
- 4The contracts will continue through 2030. investing.com
- 5Curtiss‑Wright has supplied the U.S. Naval Nuclear Propulsion Program for over 60 years. investing.com
- 6Curtiss‑Wright employs approximately 9,300 workers. stocktitan.net
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.