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Last updateTue, 22 Jan 2019 8pm

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Curtiss-Wright Awarded $83 Million U.S. Navy Contract

Curtiss-Wright Corp. has been awarded a contract inclusive of options in excess of $83 million to provide critical valves for the U.S. Navy's next four Virginia-Class submarines and second Ford-Class Aircraft Carrier. The award from Bechtel Plant Machinery, Inc. is for an initial ship-set of submarine valves and long lead materials valued at approximately $15 million.

Source: Curtiss-Wright

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Crane Co. Reports Third Quarter Earnings

Crane’s Fluid Handling segment backlog was $286 million at September 30, 2008, a decrease of 4% from $298 million at June 30, 2008, and an increase of 18% over $243 million at December 31, 2007. The third quarter 2008 sales increase of $2.5 million reflects $2.1 million of incremental sales related to the August 2007 acquisition of the Mobile Rugged Business division of Kontron America.

Source: Crane Co.

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Cameron Third Quarter Earnings Per Share $0.73

Cameron reported net income of $166.3 million, or $0.73 per diluted share, for the quarter ended September 30, 2008, compared with net income of $150.7 million, or $0.65 per diluted share, for the third quarter of 2007. The third quarter 2007 results included a gain of $19.8 million, or $0.09 per share, related to the favorable resolution of certain tax matters. Orders for subsea, drilling, and valves businesses reached record levels.

Source: Cameron

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Flowserve Reports Record Third Quarter EPS of $2.04, Up 86%

Flowserve Corp. announced record third quarter performance including earnings per share, sales and bookings. The company announced third quarter fully diluted EPS of $2.04, up 86% (including items of $0.10, net), and operating income of $163.6 million, up 51%, both over the third quarter of 2007.

Source: Flowserve

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Tyco Valve Company Considers Building New $20 Million Facility in Mansfield, MA

Crosby Valves and Controls, a World War II era company based in Wrentham, MA, is intending to expand its pressure valve production and testing facility, and is looking seriously at the now vacant Robert Allen Fabrics building near the Holiday Inn on Cabot Boulevard in the Cabot industrial park.

Crosby, owned by Tyco, creates and tests pressure relief valves that are used in nuclear power production, a growing industry due to the “green” movement.

Source: Mansfield News & Enterprise

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