Curtiss-Wright Reports Second Quarter and Six Months 2011 Financial Results
Monday, August 1, 2011
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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