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.
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.