Curtiss-Wright Awarded $26 Million Contract to Provide Aircraft Arresting Systems and Support to the Belgian Air Force
Curtiss-Wright (NYSE: CW) has been awarded a $26 million multi-year contract by the Belgian Air Force to modernize its aircraft arresting systems. The contract includes providing new cable systems and turnkey services to three airbases in preparation for the F-35 delivery to Belgium. Curtiss-Wright will equip the main and parallel runways of Florennes, Kleine-Brogel, and Bevauchain Air Bases with standardized configurations.
The contract also covers various services, spares, repair, and overhaul to support Belgian Air Force's military flight operations. Curtiss-Wright's ESCO SmartArrest® system, a computerized version of the ESCO BAK-12 energy absorber, will be implemented to ensure automatic arrestment of multiple fighter jet platforms. The work will be performed within Curtiss-Wright's EMS division in the Naval & Power segment, with manufacturing taking place in Aston, Pa, and Merpins, France.
Curtiss-Wright (NYSE: CW) ha ricevuto un contratto pluriennale del valore di 26 milioni di dollari dalle Forze Aeree Belghe per modernizzare i suoi sistemi di arresto degli aerei. Il contratto prevede la fornitura di nuovi sistemi di cavi e servizi chiavi in mano per tre basi aeree in preparazione per la consegna dell'F-35 in Belgio. Curtiss-Wright equipaggerà le piste principali e parallele delle Basi Aeree di Florennes, Kleine-Brogel e Bevauchain con configurazioni standardizzate.
Il contratto copre anche vari servizi, ricambi, riparazioni e revisione per supportare le operazioni di volo militari delle Forze Aeree Belghe. Il sistema ESCO SmartArrest® di Curtiss-Wright, una versione computerizzata dell'assorbitore di energia ESCO BAK-12, sarà implementato per garantire l'arresto automatico di più piattaforme di caccia. Il lavoro sarà svolto all'interno della divisione EMS di Curtiss-Wright nel segmento Navale e Energetico, con la produzione che avrà luogo ad Aston, Pa, e Merpins, Francia.
Curtiss-Wright (NYSE: CW) ha sido galardonada con un contrato plurianual de 26 millones de dólares por parte de la Fuerza Aérea Belga para modernizar sus sistemas de arresto de aeronaves. El contrato incluye la provisión de nuevos sistemas de cable y servicios llave en mano para tres bases aéreas en preparación para la entrega del F-35 a Bélgica. Curtiss-Wright equipará las pistas principales y paralelas de las Bases Aéreas de Florennes, Kleine-Brogel y Bevauchain con configuraciones estandarizadas.
El contrato también cubre diversos servicios, repuestos, reparaciones y revisiones para apoyar las operaciones de vuelo militar de la Fuerza Aérea Belga. El sistema ESCO SmartArrest® de Curtiss-Wright, una versión computarizada del absorbente de energía ESCO BAK-12, se implementará para garantizar el arresto automático de múltiples plataformas de cazas. El trabajo se llevará a cabo dentro de la división EMS de Curtiss-Wright en el segmento Naval y Energético, con fabricación en Aston, Pa, y Merpins, Francia.
Curtiss-Wright (NYSE: CW)는 벨기에 공군으로부터 항공기 착륙 시스템 현대화를 위한 2,600만 달러 규모의 다년 계약을 체결했습니다. 이 계약은 F-35 인도를 준비하기 위해 세 개의 공군 기지에 새로운 케이블 시스템과 턴키 서비스를 제공하는 것을 포함합니다. Curtiss-Wright는 플로렌, 클라인 브로겔 및 Bevauchain 공군 기지의 주 활주로와 보조 활주로를 표준화된 구성으로 장비할 예정입니다.
계약은 벨기에 공군의 군사 비행 작전을 지원하기 위한 다양한 서비스, 예비품, 수리 및 오버홀도 포함됩니다. Curtiss-Wright의 ESCO SmartArrest® 시스템은 ESCO BAK-12 에너지 흡수기의 컴퓨터화된 버전으로, 여러 전투기 플랫폼의 자동 착륙을 보장하기 위해 구현될 것입니다. 작업은 Curtiss-Wright의 해양 및 전력 부문 EMS 부서 내에서 수행되며, 제조는 Aston, Pa 및 Merpins, 프랑스에서 진행됩니다.
Curtiss-Wright (NYSE: CW) a reçu un contrat pluriannuel de 26 millions de dollars de la part de l'Armée de l'air belge pour moderniser ses systèmes de contrôle d'atterrissage d'aéronefs. Le contrat inclut la fourniture de nouveaux systèmes de câbles et de services clés en main pour trois bases aériennes en préparation de la livraison du F-35 en Belgique. Curtiss-Wright équipera les pistes principales et parallèles des Bases Aériennes de Florennes, Kleine-Brogel et Bevauchain avec des configurations standardisées.
Le contrat couvre également divers services, pièces de rechange, réparations et révisions pour soutenir les opérations de vol militaire de l'Armée de l'air belge. Le système ESCO SmartArrest® de Curtiss-Wright, une version informatisée de l'absorbeur d'énergie ESCO BAK-12, sera mis en œuvre pour garantir l'arrêt automatique de plusieurs plateformes de chasse. Les travaux seront réalisés au sein de la division EMS de Curtiss-Wright dans le segment naval et énergétique, avec une fabrication à Aston, en Pennsylvanie, et à Merpins, en France.
Curtiss-Wright (NYSE: CW) wurde von der Belgischen Luftwaffe mit einem 26 Millionen Dollar umfassenden Mehrjahresvertrag beauftragt, um die Luftfahrzeug-Abbremsysteme zu modernisieren. Der Vertrag umfasst die Bereitstellung neuer Kabelsysteme und schlüsselfertiger Dienstleistungen für drei Luftwaffenstützpunkte als Vorbereitung auf die Lieferung des F-35 nach Belgien. Curtiss-Wright wird die Haupt- und Parallelpisten der Luftwaffenstützpunkte Florennes, Kleine-Brogel und Bevauchain mit standardisierten Konfigurationen ausstatten.
Der Vertrag umfasst außerdem verschiedene Dienstleistungen, Ersatzteile, Reparaturen und Überholungen zur Unterstützung der militärischen Flugoperationen der Belgischen Luftwaffe. Das ESCO SmartArrest®-System von Curtiss-Wright, eine computerisierte Version des ESCO BAK-12 Energieabsorbers, wird implementiert, um eine automatische Abbremsung mehrerer Kampfflugzeugplattformen zu gewährleisten. Die Arbeiten werden innerhalb der EMS-Division von Curtiss-Wright im Naval & Power-Segment durchgeführt, die Produktion findet in Aston, Pa, und Merpins, Frankreich, statt.
- Secured a $26 million multi-year contract with the Belgian Air Force
- Expanding presence in NATO countries and strengthening existing relationship with Belgian Air Force
- Providing advanced technology (ESCO SmartArrest® system) for multiple fighter jet platforms
- 10-year maintenance contract included for services, spares, repair, and overhaul
- None.
Insights
This $26 million multi-year contract with the Belgian Air Force represents a significant win for Curtiss-Wright (NYSE: CW). The deal's impact on CW's financials is likely to be positive but moderate, given the company's
- It strengthens CW's position in the NATO defense market, potentially opening doors for similar contracts with other NATO members.
- The 10-year maintenance contract provides a steady, long-term revenue stream, enhancing financial stability.
- It aligns with the global trend of military modernization, particularly in preparation for F-35 deployments.
Investors should view this as a positive indicator of CW's competitive position in the defense sector, though its impact on the stock price may be given the contract's size relative to CW's overall operations.
This contract highlights Curtiss-Wright's strategic positioning in the aircraft arresting systems market, a critical niche in military aviation infrastructure. The inclusion of the ESCO SmartArrest® system is particularly noteworthy:
- It demonstrates CW's technological edge in automated, multi-platform arresting capabilities.
- The system's ability to handle various fighter jet platforms enhances its long-term value proposition.
- Standardization across multiple air bases suggests a comprehensive, forward-thinking approach to military infrastructure upgrades.
The contract's alignment with F-35 deployments is crucial, as it positions CW as a key player in the broader F-35 ecosystem. This could lead to additional opportunities as more NATO countries adopt the F-35. The emphasis on aftermarket services also indicates a focus on lifecycle support, which is increasingly valued in defense procurement.
Under the agreement, Curtiss-Wright will provide new cable systems and related turnkey services to three airbases to support the upcoming delivery of the F-35 to
“As a leading global supplier of military aircraft arresting systems and support capabilities, Curtiss-Wright is proud to have the opportunity to build upon our existing relationship with the Belgian Air Force to provide new systems, aftermarket, and logistical services to support the availability and longevity of its arresting capability,” said Lynn M. Bamford, Chair and Chief Executive Officer of Curtiss-Wright Corporation. “In addition, this contract further demonstrates the growing demand for our technologies in support of our defense allies and partners in NATO.”
Curtiss-Wright will successively equip the main and parallel runways of the Florennes, Kleine-Brogel, and Bevauchain Air Bases to drive complete standardization of all air base configurations. In addition, Curtiss-Wright’s ESCO SmartArrest® system, a unique, computerized version of the ESCO BAK-12 energy absorber, will help to automatically ensure the successive arrestment of multiple fighter jet platforms.
Curtiss-Wright is performing the work within its EMS division in the Naval & Power segment. Manufacturing of the energy absorbers and the BAK-12 mobile systems (PortArrest®) will take place at its Arresting Systems facility in
For more information on Curtiss-Wright Arresting Systems (ESCO), please visit http://www.cw-ems.com/arresting-systems.
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.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our arresting systems products, additional contracts with this Belgian customer, the successful implementation of our products, the overall success of these defense programs and future opportunities associated with the installed base of these programs, 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240903797511/en/
Jim Ryan
(704) 869-4621
jim.ryan@curtisswright.com
Source: Curtiss-Wright Corporation
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