The Curtiss-Wright Corporation is an American manufacturer and services provider headquartered in Davidson, North Carolina, with factories and operations in and outside the United States.
It makes parts for commercial and naval nuclear power systems, industrial vehicles, and oil- and gas-related machinery.
[3] Curtiss-Wright employed 180,000 workers, and ranked second among United States corporations in the value of wartime production contracts, behind only General Motors.
After investigation, it was later revealed that Wright company officials at Lockland had conspired with civilian technical advisers and Army inspection officers to approve substandard or defective aircraft engines for military use.
After the F-87 was cancelled in October 1948, Curtiss-Wright shut down its entire Aeroplane Division and sold the assets to North American Aviation.
During divestiture of the airframe division, the lab was given to Cornell University along with a cash gift to finish the construction of a transonic wind tunnel.
Cornell Aeronautical Labs, or CAL as it was known, was eventually spun off from the university as a private company, Calspan Corporation, which has been responsible for numerous innovations in flight and safety research.
[14] In 1956, financially strapped automaker Studebaker-Packard Corporation entered into a management agreement with Curtiss-Wright to allow the nation's fifth-largest automobile manufacturer to avoid insolvency.
[15] In 2003, Curtiss-Wright acquired Systran Corporation, a supplier of specialized data communications products for real-time systems, primarily for the aerospace and defense, industrial automation and medical image markets.
Exlar, a private company, is a designer and manufacturer of highly engineered electric actuators used in motion control solutions in industrial and military markets.
Parvus is a leading designer and manufacturer of rugged small form factor computers and communications subsystems for the aerospace, defense, homeland security, and industrial markets.
Designing and manufacturing electronic systems, subsystems, and shipboard enclosures, 901D is a contributor to major U.S. Navy shipbuilding programs including both nuclear and non-nuclear powered vessels.
SAA, a subsidiary of Safran Aerosystems, specializes in designing and manufacturing aircraft emergency arresting systems and will operate within Curtiss-Wright's Naval & Power segment post-acquisition.
The strategic acquisition of SAA is part of Curtiss-Wright's efforts to enhance growth prospects and diversify its product portfolio.
This strategic move is expected to enhance Curtiss-Wright's capabilities in Plasma Electrolytic Oxidation ("PEO") surface treatment services.
Operating within Curtiss-Wright's Aerospace & Industrial segment, the acquisition is projected to have a neutral impact on the company's earnings in the initial year.