Curtiss-Wright awarded $480 million in contracts for Navy submarines

Katherine Peralta, The Charlotte Observer
16 June 2015

Charlotte-based manufacturer Curtiss-Wright Corp. said Monday it has been awarded $480 million in contracts to supply the U.S. Navy’s nuclear-powered Virginia class submarine program with pumps, valves, generators and propulsors. 
The Navy’s Block IV Virginia Class Submarine Program covers 10 submarines, two per year from fiscal years 2014 through 2018, according to a statement from Curtiss-Wright. 
So far, more than $330 million has been allocated to the contracts, and the remaining will be provided incrementally, the company said. Two Curtiss-Wright divisions are performing the work under the contracts, and engineering and manufacturing will continue through 2019. 
“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,” David Adams, chairman and CEO of Curtiss-Wright, said in the statement.