7/103 sources · 3 publishersUpdated Nov 12, 08:35 UTC
Curtiss‑Wright secures more than $140 million in U.S. Navy submarine propulsion contracts
Curtiss‑Wright Corporation received contracts valued at over $140 million from General Dynamics Electric Boat. The work provides propulsion equipment for the Navy’s Virginia‑class and Columbia‑class submarines. The contracts cover engineering, manufacturing and testing and extend through 2030.
Why it matters
The company says the contracts will bolster revenue and support its existing submarine propulsion business. Investors can expect a near‑term uplift to the firm’s order backlog and cash flow.
Key facts
- 1Curtiss‑Wright was awarded contracts worth over $140 million. tradingview.com
- 2The contracts were awarded by General Dynamics Electric Boat. tradingview.com
- 3The contracts provide propulsion equipment for Virginia‑class and Columbia‑class submarines. seekingalpha.com
- 4The work will run through 2030. tradingview.com
- 5Curtiss‑Wright will handle engineering, manufacturing and testing of the equipment. defensehere.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.