Curtiss-Wright Acquires PSIJanuary 11, 2011
PSI's proprietary electro-hydraulic technologies broaden Curtiss-Wright's motion control portfolio, enhancing its position in the aerospace and defense markets.
PARSIPPANY, NJ /GLOBE NEWSWIRE/ -- Curtiss-Wright Corp. announced that it has acquired Predator Systems Inc. (PSI) for $13.25 million. PSI designs and manufactures motion control components and subsystems for ground defense, ordnance guidance, and aerospace applications. PSI will operate within the Flight Systems Division of Curtiss-Wright's motion control segment.
"PSI's proprietary electro-hydraulic technologies broaden Curtiss-Wright's motion control portfolio, further entrenching our position as a premier supplier for the aerospace and defense markets," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corp. "PSI's engineering expertise and advanced product technologies add key building blocks to our actuation, sensor, and electronics product lines. PSI's unique capabilities build on Curtiss-Wright's long history of providing highly engineered solutions to an expanding market and customer base."
With 2010 sales of approximately $8 million, the company's key technologies include smart manifolds that feature embedded electronics, hydraulic motors and pumps, electro-hydraulic servo valves, dampers, and hydraulic fuses. PSI is an ISO9001-2008 Quality System Registration– and FS AS9100–certified company. Founded in 1988, the company is based in Boca Raton, FL, and has 45 employees.
Curtiss-Wright Corp. is a diversified company headquartered in Parsippany, NJ. The company designs and manufactures products for motion control and flow control applications, and it provides a variety of specialized metal treatment services. The firm employs approximately 7600 people worldwide.
About Curtiss-Wright Controls
Headquartered in Charlotte, NC, Curtiss-Wright Controls Inc. is the motion control segment of Curtiss-Wright Corp. and a leading designer and manufacturer of advanced technologies for niche actuation and drive applications, integrated sensors, and electronic subsystems internationally for the aerospace and defense markets.
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