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Benzinga
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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