ASHBURN, Va. – September 21, 2017 -- Curtiss-Wright’s Defense Solutions division today announced that it has been selected by Raytheon Integrated Defense Systems to provide its innovative winch system technology for use in a new Variable Depth Sonar (VDS) for the U.S. Navy Littoral Combat Ship (LCS) class. Raytheon recently announced that it had been awarded a contract by the U.S. Navy to develop the VDS, a mission-critical anti-submarine warfare asset that will be deployed from the LCS to locate and track submarines. Curtiss-Wright joins Raytheon's agile, dedicated team of industry experts committed to advancing the design to a full Pre-Production Test Article, expected to be complete in late 2018.
"Curtiss-Wright’s INDAL business unit will contribute its decades of towed sonar winch and handling system expertise to Raytheon’s Variable Depth Sonar team to develop an innovative and lightweight winch solution for Littoral Combat Ships,” said Lynn Bamford, Senior Vice President and General Manager, Defense Solutions division. "The reliable and cost-effective variable depth sonar technology will enable the Navy to rapidly introduce this new anti-submarine capability to meet the LCS mission."
The Raytheon team was awarded the VDS contract following a study and product assessment phase during which it proved the solution's features and capabilities met all of the Navy's design and performance requirements. The ship-deployed sonar system design is identical for both LCS variants. It features reduced weight to minimize ship impact and increase maneuverability. The new design also provides the opportunity for increased warfighting payloads.
Curtiss-Wright will manufacture the products covered by this agreement at its INDAL facility in Mississauga, Ontario.
For more information about Curtiss-Wright’s Defense Solutions division, please visit www.curtisswrightds.com.
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 U.S. Navy contract, the continued relationship with a customer, the continued success of this U.S. Navy program and the future opportunities associated with U.S. Navy 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.