Curtiss-Wright Awarded $50 Million IDIQ Contract by Naval Air Systems Command for High-Speed Data Acquisition Systems

Rhea-AI Summary

Curtiss-Wright's Defense Solutions Division has secured a $50 million firm-fixed-price IDIQ contract from Naval Air Systems Command for high-speed data acquisition systems hardware and repair services. The contract extends through January 2030 and covers their complete flight test instrumentation product line.

The agreement encompasses data acquisition units, network switches, recorders, gateways, Ethernet radios, RF transmitters, C-Band transponders, and high-speed cameras for military aircraft. It will support multiple platforms including F-35, F-18, CH-53K, E-2D, EA-18, C-130, and future U.S. Navy development programs.

This contract renewal, previously active for over 15 years, demonstrates Naval Air Systems Command's continued trust in Curtiss-Wright's flight test instrumentation technology reliability and performance.

Positive

• Secured $50 million IDIQ contract through January 2030
• Contract renewal demonstrates long-term customer relationship and product reliability
• Supports multiple major military aircraft platforms
• Expands presence in critical naval air deployments and future development programs

Negative

• None.

Insights

Financial Analyst

Curtiss-Wright securing a $50 million IDIQ contract from Naval Air Systems Command represents a positive continuation of an established revenue stream for the defense contractor. The 5-year agreement through January 2030 provides medium-term revenue visibility and stability in the company's defense portfolio.

The contract's significance extends beyond its monetary value, as it confirms Curtiss-Wright's entrenched position in critical naval aviation programs including the F-35, F-18, and future Navy development initiatives. This renewal after a 15+ year relationship demonstrates strong customer satisfaction and the competitive strength of their flight test instrumentation technology.

While $50 million represents less than 0.5% of Curtiss-Wright's $11.6 billion market capitalization, the contract reinforces the company's revenue foundation and showcases their ability to maintain long-term government relationships in a competitive defense procurement environment. The agreement also positions Curtiss-Wright to capture additional opportunities in future Navy development programs mentioned in the announcement.

The contract's firm-fixed-price structure provides predictable margins, while the IDIQ nature allows for potential upside if the Navy increases order volumes over the 5-year period. For investors, this represents continued momentum in Curtiss-Wright's aerospace instrumentation segment and validates their ongoing investment in flight test technology.

ASHBURN, Va.--(BUSINESS WIRE)-- Curtiss-Wright’s Defense Solutions Division today announced it has been awarded an approximately $50 million firm-fixed-price Indefinite Delivery, Indefinite Quantity (IDIQ) contract by Naval Air Systems Command to provide its high-speed data acquisition systems hardware and associated repair services in support of the Naval Air Systems Command Special Flight Test Instrumentation Pool. The contract, which is scheduled to run through January 2030, covers Curtiss-Wright's full line of flight test instrumentation products, including data acquisition units, network switches, data recorders, network gateways, Ethernet radios, RF transmitters, C-Band transponders, and high-speed cameras supporting fixed-wing and rotary military aircraft. This contract will support numerous platforms including the F-35, F-18, CH-53K, E-2D, EA-18, C-130, and future U.S. Navy development programs.

"We are honored that our high-speed data acquisition technology and services have been selected by Naval Air Systems Command,” said Brian Perry, Senior Vice President and General Manager, Curtiss-Wright Defense Solutions Division. “This IDIQ contract, which is the renewal of an existing contract that has been in use for over 15 years, represents Naval Air Systems Command’s continued endorsement of the reliability and performance of our flight test instrumentation technology to support critical naval air deployments and future U.S. Navy development programs.”

Curtiss-Wright is one of world's leading providers of aerospace data acquisition solutions for flight test instrumentation (FTI) applications. Whether on fast jets, space launchers or hypersonic platforms, from data capture in the air to replay and analysis on the ground, Curtiss-Wright’s FTI solutions speed and simplify flight test instrumentation system design and installation. To learn more about Curtiss-Wright’s FTI data acquisition solutions, please click here.

For additional information, 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 8,800 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, headquartered in Davidson, North Carolina, has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com.

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’s expectations of a continued relationship with the U.S. Navy, the continued success of its data acquisition systems, the performance of its products, the long term value of this contract, the continued funding for this program by the U.S. Government, and the future opportunities associated with this technology, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250311797702/en/

Robert F Coveny

VP of Business Development

rcoveny@curtisswright.com

John Wranovics

Director of Communications

M: 925.640.6402

jwranovics@curtisswright.com

Source: Curtiss-Wright Corporation

FAQ

What is the value and duration of Curtiss-Wright's (CW) new Naval Air Systems Command contract?

The contract is valued at $50 million and runs through January 2030.

Which military aircraft platforms will be supported by Curtiss-Wright's (CW) data acquisition systems?

The contract supports F-35, F-18, CH-53K, E-2D, EA-18, C-130, and future U.S. Navy development programs.

What types of equipment are covered under Curtiss-Wright's (CW) Naval Air Systems Command contract?

The contract covers data acquisition units, network switches, data recorders, network gateways, Ethernet radios, RF transmitters, C-Band transponders, and high-speed cameras.

How long has Curtiss-Wright (CW) been providing flight test instrumentation to Naval Air Systems Command?

The contract is a renewal of an existing contract that has been in use for over 15 years.