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Curtiss-Wright Awarded $18 Million Contract for Helicopter Ice-Protection Systems

Written by thomas · Filed Under Aeronautics News 

September 5, 2008

thomas

Electronics Package Prevents Ice Build-up On New Korea Aerospace Industries
Utility Helicopter

ROSELAND, N.J., Sept. 5 /PRNewswire-FirstCall/ — Korea Aerospace
Industries, Ltd. has awarded Curtiss-Wright Corporation (NYSE: CW) a
contract to provide an electronics package that will provide protection
against ice build-up on the engine air inlets, windshield and main and tail
rotor blades on a new utility helicopter. The contract has a potential
value in excess of $18 million over a 12-year period.

“Curtiss-Wright is very pleased to supply this vital technology to
ensure safe helicopter flight during severe weather conditions,” said
Martin R. Benante, Chairman and Chief Executive Officer of Curtiss-Wright.
“These products and systems provide industry-leading technology for
enabling rotorcraft flight in known icy conditions.”

Helicopters often need to be grounded to avoid ice build-up on rotor
blades, which creates unstable flight operations. Curtiss-Wright’s proven
technology in electronic ice protection for rotorcraft includes the Rotor
Ice Protection System (RIPS) as well as windshield and engine ice
protection controllers. These products monitor and prevent ice from forming
on all rotor blades, on the windshield and on the air intake to the
engines.

Curtiss-Wright is a leading supplier of aircraft fire- and
ice-protection systems. The company’s Motion Control facility in City of
Industry, CA will supply the products for this contract. Delivery will
begin in early 2009 in support of qualification trials for the Korea
Aerospace Industries aircraft. Korea Aerospace Industries is the prime
contractor of Korean government-initiated aerospace programs and is funded
by the Korean government as the largest stockholder.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified company headquartered in
Roseland, N.J. The company designs, manufactures and overhauls products for
motion control and flow control applications, and provides metal treatment
services. The firm employs approximately 7,600 people worldwide. More
information on Curtiss-Wright can be found on the Internet at
http://www.curtisswright.com.

About Curtiss-Wright Controls, Inc.

Headquartered in Charlotte, North Carolina, Curtiss-Wright Controls is
the Motion Control segment of Curtiss-Wright Corporation. With
manufacturing facilities around the world, Curtiss-Wright Controls is a
leading technology-based organization providing niche motion control
products, subsystems and services internationally for the aerospace and
defense markets. For more information, visit http://www.cwcontrols.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
Corporation’s expectations of the potential duration and value of this
contract, the continued relationship with an existing customer, the
successful implementation of this new utility helicopter program and future
opportunities associated with this contract, 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 and Exchange Act of 1934, as amended, for further
information.

SOURCE Curtiss-Wright Corporation

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