Curtiss-Wright Acquires Predator Systems Incorporated
Leading Manufacturer of Hydraulic Motion Control Products for Aerospace and Defense Applications
PARSIPPANY, N.J., Jan. 7, 2011 - Curtiss-Wright Corporation (NYSE:CW) today announced that it has acquired Predator Systems Incorporated (PSI) for $13.25 million. PSI designs and manufactures motion control components and subsystems for ground defense, ordnance guidance and aerospace applications. PSI will operate within the Flight Systems division of Curtiss-Wright's Motion Control segment.
"PSI's proprietary electro-hydraulic technologies broaden Curtiss-Wright's motion control portfolio, further entrenching our position as a premier supplier for the aerospace and defense markets," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation.
"PSI's engineering expertise and advanced product technologies add key building blocks to our actuation, sensor and electronics product lines.
PSI's unique capabilities build on Curtiss-Wright's long history of providing highly engineered solutions to an expanding market and customer base."
With 2010 sales of approximately $8 million, the company's key technologies include smart manifolds that feature embedded electronics, hydraulic motors and pumps, electro-hydraulic servo valves, dampers and hydraulic fuses. PSI is an ISO9001-2008 Quality System Registration and FS AS9100 certified company. Founded in 1988, the company is based in Boca Raton, FL and has 45 employees.
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. The company designs and manufactures products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 7,600 people worldwide. For more information, visit www.curtisswright.com.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, NC, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation and a leading designer and manufacturer of advanced technologies for niche actuation and drive applications, integrated sensors and electronic subsystems internationally for the aerospace and defense markets. For more information, visit www.cwcontrols.com.
CONTACT:
Glenn Tynan
(973) 541-3710
