Curtiss-Wright Wins $480 Million Contract For Virginia Class Submarine Program
Curtiss-Wright Corporation announced today that it has won $480 million contract to supply pumps, valves, generators and propulsors for the US Navy's Block IV Virginia Class Submarine Program.
The Navy's Block IV contracts cover 10 submarines, two per year from fiscal years 2014 through 2018. Thus far, more than $330 million of funding has been allotted to these contracts, with the remaining funding to be provided incrementally. Engineering and manufacturing has commenced and will continue through 2019.
David C. Adams, Chairman and CEO of Curtiss-Wright Corporation said "These submarines remain critically important to our national defense, and our continuous improvement and cost reduction initiatives have supported the U.S. Navy in its efforts to contain costs while providing critical resources required by the Navy.”
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