The contracts from Lockheed Martin are valued at $2.2 million.Curtiss-Wright (NYSE: CW), a maker of products for motion control applications in Roseland, received contracts from Lockheed Martin valued at $2.2 million for work on the Joint Strike Fighter program. Curtiss-Wright will supply the ordnance hoist system and ordnance quick latch system that will to be used with the F-35 Joint Strike Fighter currently in development.
The fighter plane will be used by the Air Force, Navy, Marine Corps and by BritainÂs Royal Navy and Royal Air Force. Curtiss-Wright will build the products at its plants in Gastonia and Shelby, North Carolina. Company shares were up $0.40 to $57.50 in morning trading.