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Benzinga

Business

Akanksha Bakshi

Progeny Selects Curtiss-Wright To Support US Navy's MK54, MK48 Torpedo Upgrades

US Navy CW NYSE

Curtiss-Wright Corp. (NYSE:CW) has been selected by Progeny to provide Modular Open System Approach (MOSA) computers and digital processing modules for use in the U.S. Navy's MK54 and MK48 torpedo upgrade programs.
The contract has an estimated value of $70 million.
"Curtiss-Wright's selection on this upgrade program is another recent example of how our technology leadership in MOSA-based rugged COTS modules is helping to modernize military platforms rapidly and cost-effectively with open-standards solutions," said CEO Lynn Bamford.
Price Action: CW shares are trading higher by 1.42% at $156.42 on the last check Wednesday.

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