Curtiss-Wright Awarded Contract by Airbus to Provide Custom Actuation Technology on the New A350F Freighter Aircraft

Rhea-AI Summary

Curtiss-Wright Corporation (NYSE: CW) has been awarded a contract by Airbus to supply custom electric actuation technology for the A350F freighter's Main Deck Cargo Door. This collaboration marks Curtiss-Wright's first electromechanical actuation contract with Airbus. The actuation system, featuring rotary and linear actuators, aims to enhance aircraft functionality and fuel efficiency. The A350F is designed to meet ICAO CO2 emissions standards effective in 2027. Manufacturing will occur at Curtiss-Wright's facilities in Shelby, N.C., and Stratford, Ontario.

Positive

• Contract awarded by Airbus for electric actuation technology enhances market position.
• First electromechanical actuation contract with Airbus expands business scope.
• Innovative actuation systems contribute to improved fuel efficiency and reliability.

Negative

• Potential risks associated with reliance on a single customer contract.
• Forward-looking statements expose the company to uncertainties in order fulfillment.

FARNBOROUGH, England--(BUSINESS WIRE)-- Curtiss-Wright Corporation (NYSE: CW) today announced that it has been selected by Airbus to provide custom electric actuation technology for the Main Deck Cargo Door on the future Airbus A350F freighter aircraft. The A350F, a variant of the Airbus A350, will be the first wide body freighter aircraft built with a majority of composite materials.

Under the contract, Curtiss-Wright will provide Airbus with an electro-mechanical actuation solution that features rotary and linear actuators, alongside control and power electronics, to open, close, latch and lock the A350F’s Main Deck Cargo Door. Curtiss-Wright’s actuation solution includes a high-voltage DC architecture that minimizes weight, offers improved reliability over legacy systems, and incorporates health monitoring functions.

“Curtiss-Wright is very proud to have been selected to provide our critical electric actuation technology expertise in support of the new A350F freighter, as this contract represents our first electromechanical actuation contract award with Airbus and further expands the breadth of our leading-edge technologies to the commercial aerospace industry,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “In addition, this program closely aligns with our strategy of helping our customers improve the functionality and reliability of their aircraft, including enhanced fuel efficiency, through the use of innovative electromechanical actuation systems.”

Thanks to its latest-generation efficiency in terms of fuel burn, CO2 emissions and economics, the A350F is expected to be the only freighter aircraft capable of meeting the latest ICAO CO2 emissions requirements that come into effect in 2027.

The products covered by this agreement will be shipped to Airbus in different European facilities. Curtiss-Wright designs and manufactures its electric actuation products at its Shelby, N.C. and Stratford, Ontario facilities.

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 7,800 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 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 an existing customer, the continued funding and success of this commercial aviation platform program, the performance of its products in this program, and the potential value associated with this contract, 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/20220718005245/en/

Investors: Jim Ryan

(704) 869-4621

jim.ryan@curtisswright.com

Media: Oliver Green

+44.7769.142770

ogreen@curtisswright.com

Source: Curtiss-Wright Corporation

FAQ

What contract has Curtiss-Wright Corporation received from Airbus?

Curtiss-Wright has been contracted to provide electric actuation technology for the A350F freighter's Main Deck Cargo Door.

How does the A350F freighter contribute to environmental standards?

The A350F is expected to meet ICAO CO2 emissions requirements effective in 2027.

What technologies will Curtiss-Wright supply for the A350F?

Curtiss-Wright will supply rotary and linear actuators, along with control and power electronics.

When will the products be delivered to Airbus?

The products will be shipped to various Airbus facilities in Europe.

What are the implications of this contract for Curtiss-Wright Corporation?

This contract reinforces Curtiss-Wright's position in the aerospace industry and supports their strategy for innovative actuation systems.