STOCK TITAN

Curtiss-Wright and Westinghouse Sign Memorandum of Understanding to Support AP1000® and AP300™ Projects in Canada

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Curtiss-Wright's Nuclear Division and Westinghouse Electric Company have signed a Memorandum of Understanding (MoU) to support AP1000® and AP300™ projects in Canada. This collaboration aims to leverage Curtiss-Wright's extensive portfolio of advanced nuclear power equipment, technology, and services to complement Westinghouse's resources in new build opportunities.

Kurt Mitchell, Senior Vice President and General Manager of Curtiss-Wright's Nuclear Division, emphasized the company's commitment to de-carbonizing the existing energy infrastructure through clean, reliable, and affordable energy solutions. The partnership underscores Curtiss-Wright's dedication to delivering innovative, safety-critical solutions to their customers while supporting the advancement of Westinghouse's reactor technologies in Canada and globally.

La Divisione Nucleare di Curtiss-Wright e la Westinghouse Electric Company hanno firmato un Protocollo d'Intesa (MoU) per supportare i progetti AP1000® e AP300™ in Canada. Questa collaborazione mira a sfruttare l'ampio portafoglio di attrezzature nucleari avanzate, tecnologie e servizi di Curtiss-Wright per completare le risorse di Westinghouse nelle opportunità di nuove costruzioni.

Kurt Mitchell, Vicepresidente Senior e Direttore Generale della Divisione Nucleare di Curtiss-Wright, ha sottolineato l'impegno dell'azienda a decarbonizzare l'attuale infrastruttura energetica attraverso soluzioni energetiche pulite, affidabili e a prezzi accessibili. La partnership sottolinea la dedizione di Curtiss-Wright nel fornire soluzioni innovative e critiche per la sicurezza ai propri clienti, supportando al contempo l'avanzamento delle tecnologie reattive di Westinghouse in Canada e a livello globale.

La División Nuclear de Curtiss-Wright y la Westinghouse Electric Company han firmado un Memorando de Entendimiento (MoU) para apoyar los proyectos AP1000® y AP300™ en Canadá. Esta colaboración tiene como objetivo aprovechar la amplia cartera de equipos, tecnología y servicios nucleares avanzados de Curtiss-Wright para complementar los recursos de Westinghouse en nuevas oportunidades de construcción.

Kurt Mitchell, Vicepresidente Senior y Gerente General de la División Nuclear de Curtiss-Wright, enfatizó el compromiso de la compañía de descarbonizar la infraestructura energética existente a través de soluciones energéticas limpias, confiables y asequibles. La asociación subraya la dedicación de Curtiss-Wright para ofrecer soluciones innovadoras y críticas para la seguridad a sus clientes, al mismo tiempo que apoya el avance de las tecnologías de reactores de Westinghouse en Canadá y a nivel global.

커티스-라이트의 원자력 부문과 웨스팅하우스 전기 회사가 캐나다의 AP1000® 및 AP300™ 프로젝트를 지원하기 위한 양해각서(MoU)에 서명했습니다. 이 협력은 커티스-라이트의 고급 원자력 장비, 기술 및 서비스의 방대한 포트폴리오를 활용하여 새로운 건설 기회에서 웨스팅하우스의 자원을 보완하는 것을 목표로 합니다.

커티스-라이트 원자력 부서의 선임 부사장 겸 총괄 매니저인 커트 미첼은 기존 에너지 인프라의 탈탄소화에 대한 회사의 헌신을 강조하며, 청정하고 신뢰할 수 있으며 경제적인 에너지 솔루션을 통해 이를 지원한다고 밝혔습니다. 이 파트너십은 고객에게 혁신적이고 안전성이 중요한 솔루션을 제공하려는 커티스-라이트의 헌신을 강조하며, 캐나다 및 전 세계적으로 웨스팅하우스의 원자로 기술 발전을 지원합니다.

La Division Nucléaire de Curtiss-Wright et la Westinghouse Electric Company ont signé un Protocole d'Entente (MoU) pour soutenir les projets AP1000® et AP300™ au Canada. Cette collaboration vise à tirer parti du vaste portefeuille d'équipements nucléaires avancés, de technologies et de services de Curtiss-Wright pour compléter les ressources de Westinghouse dans de nouvelles opportunités de construction.

Kurt Mitchell, Vice-président senior et directeur général de la Division Nucléaire de Curtiss-Wright, a souligné l'engagement de l'entreprise à décarboniser l'infrastructure énergétique existante grâce à des solutions énergétiques propres, fiables et abordables. Ce partenariat souligne l'engagement de Curtiss-Wright à fournir des solutions innovantes et critiques pour la sécurité à ses clients tout en soutenant l'avancement des technologies de réacteurs de Westinghouse au Canada et dans le monde entier.

Die Nukleardivision von Curtiss-Wright und die Westinghouse Electric Company haben ein Memorandum of Understanding (MoU) unterzeichnet, um die AP1000® und AP300™ Projekte in Kanada zu unterstützen. Diese Zusammenarbeit zielt darauf ab, das umfangreiche Portfolio von Curtiss-Wright an fortschrittlichen Kernkraftanlagen, Technologien und Dienstleistungen zu nutzen, um die Ressourcen von Westinghouse bei neuen Bauvorhaben zu ergänzen.

Kurt Mitchell, Senior Vice President und General Manager der Nukleardivision von Curtiss-Wright, betonte das Engagement des Unternehmens, die bestehende Energieinfrastruktur zu dekarbonisieren durch saubere, zuverlässige und bezahlbare Energielösungen. Die Partnerschaft unterstreicht Curtiss-Wrights Engagement, innovative, sicherheitskritische Lösungen für ihre Kunden bereitzustellen und gleichzeitig die Weiterentwicklung der Reaktortechnologien von Westinghouse in Kanada und weltweit zu unterstützen.

Positive
  • Strategic partnership with Westinghouse Electric Company for nuclear projects in Canada
  • Potential expansion of Curtiss-Wright's market presence in the Canadian nuclear sector
  • Alignment with clean energy initiatives and de-carbonization efforts
Negative
  • None.

Insights

This MoU between Curtiss-Wright and Westinghouse marks a significant step in advancing nuclear power projects in Canada, particularly for AP1000® and AP300™ reactors. The collaboration leverages Curtiss-Wright's extensive portfolio of nuclear equipment and services, complementing Westinghouse's reactor technologies. This partnership could potentially accelerate the deployment of advanced nuclear reactors in Canada, contributing to the country's clean energy goals. The focus on de-carbonization aligns with global trends towards sustainable energy solutions. For investors, this alliance could open up new revenue streams for Curtiss-Wright in the growing nuclear energy sector, especially as countries seek to reduce carbon emissions. However, the nuclear industry faces challenges such as high upfront costs and regulatory hurdles, which could impact the pace of project implementation. Overall, this MoU positions Curtiss-Wright strategically in the evolving nuclear energy landscape.

BREA, Calif.--(BUSINESS WIRE)-- Curtiss-Wright’s Nuclear Division and Westinghouse Electric Company announced today that they have signed a Memorandum of Understanding (MoU) to support AP1000® and AP300™ projects in Canada. The MoU leverages Curtiss-Wright’s comprehensive and diverse portfolio of advanced nuclear power equipment, technology, and services to complement Westinghouse’s resources in new build opportunities.

“Building on our heritage as a global supplier of nuclear reactor technologies, we are pleased to announce this relationship with Westinghouse as they continue to advance their AP1000 and AP300 reactor technologies in Canada and around the world,” said Kurt Mitchell, Senior Vice President and General Manager of Curtiss-Wright’s Nuclear Division. “This MoU underscores Curtiss-Wright’s commitment to helping to de-carbonize the existing energy infrastructure through the creation of clean, reliable, and affordable energy, while delivering innovative, safety-critical solutions to our customers.”

For more information about Curtiss-Wright’s nuclear reactor technologies supporting advanced nuclear reactors, please visit the Company’s Nuclear division at www.cwnuclear.com and EMS division at www.cw-ems.com.

About Westinghouse Electric Company

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear and other clean power technologies and services globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and X.

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 8,600 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.

Jenn Sinkiewicz

(714) 982-1840

jsinkiewicz@curtisswright.com

Source: Curtiss-Wright Corporation

FAQ

What is the purpose of the MoU between Curtiss-Wright (CW) and Westinghouse?

The MoU aims to support AP1000® and AP300™ nuclear reactor projects in Canada, leveraging Curtiss-Wright's advanced nuclear power equipment, technology, and services to complement Westinghouse's resources in new build opportunities.

How does the Curtiss-Wright (CW) and Westinghouse partnership contribute to clean energy?

The partnership supports de-carbonizing the existing energy infrastructure by creating clean, reliable, and affordable energy solutions through advanced nuclear reactor technologies.

What types of nuclear reactor technologies is Curtiss-Wright (CW) supporting?

Curtiss-Wright is supporting Westinghouse's AP1000® and AP300™ reactor technologies in Canada and globally, offering innovative, safety-critical solutions for advanced nuclear reactors.

Curtiss-Wright Corp.

NYSE:CW

CW Rankings

CW Latest News

CW Stock Data

13.52B
37.95M
0.69%
87.65%
0.77%
Aerospace & Defense
Misc Industrial & Commercial Machinery & Equipment
Link
United States of America
DAVIDSON