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Curtiss-Wright Reports Second Quarter and Six Months 2011 Financial Results

Monday, August 01, 2011  
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Curtiss-Wright Flow Control sales for the second quarter of 2011 were $267 million, an increase of $15 million, or 6%, over the comparable prior year period. The performance was led by solid growth within the naval defense, power generation and general industrial markets, which was partially offset by lower sales in the oil and gas market. Growth within the naval defense market was due to higher sales on the Virginia class submarine program, as CWFC continues to ramp-up production from one to two submarines per year, as well as production on the Advanced Arresting Gear (AAG) system for the Ford class aircraft carrier program. Sales in the power generation market were led by domestic AP1000 reactor projects, as well as numerous pump and valve orders serving both domestic and international customers. More…

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