Curtiss-Wright Awarded $80 Million IDIQ Contract by U.S. Air Force to Provide High-Speed Data Acquisition Technology
Curtiss-Wright Corporation (NYSE:CW) today announced it has been awarded an approximately $80 million firm-fixed-price Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the United States Air Force (USAF) to provide its High-Speed Data Acquisition System (HSDAS) hardware and associated repair services. The contract covers Curtiss-Wright's full line of Flight Test Instrumentation (FTI) products and will support production platforms as well as future USAF development programs.
Under the agreement, Curtiss-Wright will provide its HSDAS aerospace instrumentation technology including High Speed Data Acquisition, Network, Recording, Gateway, RF, and Data Analysis Software (IADS®) products and services. The sole-source contract provides products, enhancements, upgrades, repair services, field service, and technical support to the HSDAS equipment and is scheduled to run through March 2030.
"We are proud to announce that Curtiss-Wright's high-speed data acquisition technology and services have been selected by the U.S. Air Force to support vital flight test instrumentation programs," said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. "This IDIQ contract reflects the U.S. Air Force's recognition of the ongoing reliability and performance of Curtiss-Wright's flight test instrumentation technology, and our ability to speed and simplify system design and installation."
As one of the leading global suppliers of aerospace data acquisition solutions for FTI applications, Curtiss-Wright provides products and services that collect, collate, process, record, transmit via RF links, and analyze and display flight test data.
Curtiss-Wright is performing the work within its Defense Electronics segment. To learn more about our FTI data acquisition solutions, please visit www.curtisswrightds.com and LinkedIn.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,900 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com.
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Note: Trademarks are property of their respective owners.
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 future revenue and performance of our aerospace instrumentation products, the continued relationship with an existing customer, the successful implementation and the success of this aerospace program and future opportunities associated with this 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.
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