Curtiss-Wright Selected By Thales to Provide Rugged Pre-Integrated Mission Computer

ASHBURN, Va. – April 10, 2018 — Curtiss-Wright’s Defense Solutions division today announced that it was selected by Thales UK to provide its commercial-off-the-shelf (COTS) open architecture Packaged COTS (PCOTS) pre-integrated system technology for use with Thales’ new Elix-IR Next Generation Threat Warning System. Elix-IR, an airborne multifunction passive infrared (IR) threat warning system designed to provide enhanced mission survivability, is scheduled for production release in the third quarter of 2018. Under the contract, Curtiss-Wright will provide Thales with a custom PCOTS rugged mission computer. The system, housed in a rugged chassis, features Curtiss-Wright 3U OpenVPX™ single board computers and switches and integrates two FPGA cards. The initial system development contract is valued at $300,000. The potential lifetime value of the production contract is estimated at $30 million. Production will begin in late 2018 and is expected to run through 2028.

“We are very excited to have been selected by Thales UK to provide our pre-integrated COTS rugged mission computer for use with this important next-generation threat warning system and especially proud that it has been developed by our UK systems team to support Thales locally,” said Lynn Bamford, Senior Vice President and General Manager, Defense Solutions division.

About the Thales Elix-IR:

Developed though a Technology Demonstrator Programme (TDP) jointly funded by Thales and the UK Ministry of Defence, Elix-IR provides advanced combined simultaneous and unimpeded missile warning, hostile fire indication (HFI) and 360° coverage from a single sensor system. The system can detect passive ManPortable Air Defense Systems (ManPADS) and CrewPADS, while simultaneously offering HFI of small-to-large caliber guns, rocket propelled grenades (RPGs), and other unguided rockets that are threatening the platform. Designed for use on a wide range of rotary and fixed-wing platforms, such as helicopters, transport aircraft and VIP aircraft the system has a growth path to support fast jets and unmanned aircraft systems (UAS).

Curtiss-Wright is manufacturing the products covered by this agreement at its List X facility in Letchworth, UK. The products will be shipped to Thales in Reading, UK.

For more information about Curtiss-Wright’s Defense Solutions division, please visit www.curtisswrightds.com.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,600 people worldwide. For more information, visit www.curtisswright.com.

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Note: Trademarks are property of their respective owners.

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including statements relating to Curtiss-Wright’s expectations of future performance of this threat warning system contract, the continued relationship with a customer, the continued success of this threat warning system program and the future opportunities associated with this program, are not considered historical facts and are considered forward-looking statements under the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in US and Foreign government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies. Please refer to the Company’s current SEC filings under the Securities Exchange Act of 1934, as amended, for further information.

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