PARSIPPANY, N.J., Sept. 6, 2011 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE:CW) today announced that it has been selected by SELEX Galileo to supply rugged embedded digital signal processor modules for use on Saab's new Gripen Next Generation (NG) fighter aircraft. The contract, which runs from 2010 to 2014, is valued at $15 million, and has an estimated potential additional value of $10 million over the lifetime of the program.
"Curtiss-Wright is proud to have been selected to provide our digital signal processor technology for use on the next generation Gripen aircraft," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "This award further demonstrates the value of our advanced technologies on a global basis."
Curtiss-Wright's digital signal processor modules will provide the radar processing for the Gripen's fire control radar system. The company's Motion Control segment will develop the digital signal processor modules at its Ashburn, VA, facility.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control, motion control and metal treatment to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation along with long-standing customer relationships. The company employs approximately 8,400 people worldwide. For more information, visit www.curtisswright.com.About Curtiss-Wright Motion Control Segment
Curtiss-Wright Controls, Inc., headquartered in Charlotte, NC, is the Motion Control business segment of Curtiss-Wright Corporation. This business segment designs and manufactures complex motion control components, systems and subsystems for very specialized defense, commercial aerospace and general industrial applications. For more information, visit www.cwcontrols.com.
