Curtiss-Wright Awarded Contract From Rolls-Royce
To Provide Laser Peening on Trent Engine Fan Blades
PARSIPPANY, N.J., July 16, 2013 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation
(NYSE:CW) announced today that its Surface Technologies segment has been
awarded a contract from Rolls-Royce to establish and operate a laser peening
production cell inside of Rolls-Royce's wide chord fan blade (WCFB)
manufacturing facility in Singapore. The laser peening cell is currently fully
operational and processing fan blades for certain Trent aero engines.
Curtiss-Wright's laser peening technology is based on a Neodymium glass laser
technology, which was originally developed in conjunction with Lawrence
Livermore National Laboratory. It has the ability to impart deep compressive
stresses on the surface of metal parts, which can then be used to minimize the
maintenance/inspection interval of these critical components.Curtiss-Wright
Surface Technologies operates laser peening facilities in Livermore, CA;
Earby, UK; Frederickson, WA and Palmdale, CA and also has mobile laser peening
systems with the capability to go on-site anywhere in the world.
"We are very pleased to be providing Rolls-Royce with our state-of-the-art
laser peening technology for their most advanced commercial engine designs,"
said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "This
award is a significant milestone in continuing to expand our proprietary laser
peening technology globally.A number of industry leaders, such as Boeing and
Siemens, have also recognized the benefits of this unique and highly technical
The Trent aero engine family provides world class performance and reliability
to a wide array of the most advanced commercial airplanes today, including the
Boeing 787, Airbus A350 and Airbus A380.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) is an innovative engineering company that
provides highly engineered, critical function products, systems and services
in the areas of flow control, motion control and surface treatment
technologies to the defense, energy and commercial/ industrial markets.The
legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a
long tradition of design and manufacturing innovation and prides itself on
long-standing customer relationships.The company employs approximately 10,000
people worldwide.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. Such statements, including statements relating to Curtiss-Wright Surface
Technologies' expectations of future performance of this contract, the
continued relationship with a customer, the continued success of this aircraft
engine program and the 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.
CONTACT: Jim Ryan
Curtiss-Wright Corporation Logo
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