Curtiss-Wright Corporation Announces New Cisco IOS Embedded Services Router VPX Module
Aug 10 15
Curtiss-Wright Corporation announced that its Defense Solutions division has introduced a new Cisco Systems® 5921 Embedded Services Router (ESR) Software 3U VPX module that delivers the power and versatility of Cisco IOS™-based enterprise routing into a single embedded slot. The market’s first VPX module to support Cisco IOS running as a software router, the rugged VPX3-621 Cisco Embedded Services Router module is designed for use in deployed aerospace and defense environments. With support for the Cisco IOS Enterprise Services routing feature set, the board speeds and eases the integration of Cisco IOS network routing into rugged VPX-based embedded systems. Ideal for use in Size, Weight, Power and Cost (SWaP-C) constrained environments, the board can be used to connect embedded systems to IP-based wide-area networks (WAN), enhance network security with firewall and intrusion detection capabilities, and add mobile IP networking capabilities to vehicles with multiple data links. Because it runs Cisco IOS as a software application, the VPX3-621 eases software updates to incorporate new features, encryption standards, and threat detection profiles. Powered by a Gen 3 Intel® Core™ i7 processor, the VPX3-621 is able to deliver voice, video and data services while providing the security, filtering, and encryption of a VPN gateway. It can also serve as an on-platform firewall to segment classified and sensitive data using the same Cisco technology that is widely deployed in other secure environments. The board’s single-slot approach for adding Cisco routing into a VPX system helps eliminate stove-piped communications by delivering heterogeneous data types (voice, video, data) over a single data link. The VPX3-621 can connect to multiple modules or radios to provide LAN and WAN connectivity. It enables a wide range of traditional branch router functions including WAN routing, VPN endpoint services, firewall with intrusion prevention system (IPS), and call manager for telephony and unified communications. It also provides advanced routing features for mobile platforms. When used to support radio-aware routing and Mobile Ad-hoc Networking (MANET), the VPX3-621 enables mobile platforms to create dynamic standards-based IP networks for net-centric operations.
Curtiss-Wright Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year of 2015
Jul 29 15
Curtiss-Wright Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total net sales of $545,194,000 compared to $569,198,000 a year ago. Operating income was $65,442,000 compared to $72,159,000 a year ago. Earnings before income taxes were $56,420,000 compared to $63,150,000 a year ago. Earnings from continuing operations were $40,121,000 or $0.83 per diluted share compared to $43,009,000 or $0.87 per diluted share a year ago. Net earnings were $25,737,000 or $0.53 per diluted share compared to $36,391,000 or $0.74 per diluted share a year ago. Net cash provided by operating activities was $59,821,000 compared to $99,010,000 a year ago. Capital expenditures were $6,593,000 compared to $17,631,000 a year ago. Adjusted free cash flow was $53,228,000 compared to $99,879,000 a year ago. Net cash generated from operating activities decreased $39 million to $60 million, primarily due to lower deferred revenues, as the prior year period included significant advanced payments related to naval defense orders.
For the six months, the company reported total net sales of $1,091,393,000 compared to $1,112,157,000 a year ago. Operating income was $138,277,000 compared to $133,193,000 a year ago. Earnings before income taxes were $120,740,000 compared to $115,241,000 a year ago. Earnings from continuing operations were $83,344,000 or $1.72 per diluted share compared to $79,439,000 or $1.62 per diluted share a year ago. Net earnings were $41,728,000 or $0.86 per diluted share compared to $71,555,000 or $1.46 per diluted share a year ago. Net cash used in operating activities was $111,270,000 compared to net cash provided by operating activities of $84,417,000 a year ago. Capital expenditures were $15,689,000 compared to $35,996,000 a year ago. Adjusted free cash flow was $18,041,000 compared to $74,721,000 a year ago.
For the full year of 2015, the company expects total sales in the range from $2,250 million to $2,300 million, total operating income in the range from $301 million to $309 million, interest expense in the range from $36 million to $37 million, earnings before income taxes in the range from $265 million to $273 million, net earnings in the range from $182 million to $186 million, reported diluted earnings per share in the range from $3.80 to $3.90, effective tax rate in the range from 31.5% to 31.8% and total operating margin in the range from 13.3% to 13.4% against previously expected total sales in the range from $2,280 million to $2,330 million, operating income in the range form $303 million to $312 million, interest expense in the range from $37 million to $38 million, reported diluted earnings per share in the range from $3.80 to $3.90, effective tax rate of 32% and total operating margin in the range from 13.3% to 13.4%. The company expects adjusted free cash flow in the range from $245 million to $265 million and free cash flow in the range from $100 million to $120 million compared to the no change from prior guidance.