A clear vision of tomorrow

Transcription

1 CURTISS-WRIGHT CORPORATION A clear vision of tomorrow

2 SAFE HARBOR STATEMENT Forward-looking statements in this document are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of Such forwardlooking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: unanticipated environmental remediation expenses or claims; a reduction in anticipated orders; an economic downturn; changes in the need for additional machinery and equipment and/or in the cost for the expansion of the Corporation s operations; changes in the competitive marketplace and/or customer requirements; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, marine, and industrial companies. Please refer to the Company s SEC filings under the Securities and Exchange Act of 1934, as amended, for further information. 2

3 Since

4 CORPORATE OVERVIEW Diversified, international provider of highly engineered products and services focused on: Advanced technologies High performance platforms Critical function components and subsystems Leadership in strategically aligned markets Longstanding customer relationships 4

5 DIVERSIFICATION IN NICHE MARKETS Aerospace Defense Ground Defense Motion Control 34% Metal Treatment 11% Flow Control 55% Naval Defense Commercial Aerospace Oil & Gas Nuclear Power 5

6 MISSION CRITICAL PRODUCTS Oil & Gas 15% Power Gen 19% Aero Defense 13% Ground Defense 10% High performance platforms require Innovative technologies Reliability and safety in severe environments Precision design, engineering & manufacturing Curtiss-Wright provides Comm Aero 12% Gen Industry 12% Navy Defense 16% Other Defense & Gov't. 3% Critical function products Integration from component design to subsystem solutions Nearly a century of engineering excellence Note: Based on

7 STRONG FINANCIAL TRACK RECORD SALES ($ in millions) ($ in millions) OPERATING INCOME $1,830 $1,810 $1,800- $1,850 $746 $955 $1,131 $1,282 $1,592 $89 $111 $138 $141 $179 $197 $169 $176- $ E E The 400 Best Big Companies, Forbes 2008 America s Most Trustworthy Companies, Forbes 2007 Fast Track 50 List, Defense News 2007 Aerospace Defense Workforce Study, Aviation Week 2007 The Best 100 Mid-Cap Stocks, Forbes

8 MARKETS Naval Defense Aerospace Defense Ground Defense Defense Commercial Commercial Aerospace Nuclear Power Oil & Gas General Industry 8

9 NAVAL DEFENSE Submarines Secondary Propulsion System Motor- Generators Auxiliary Pumps Ship Service Generators Main Coolant Pumps Valves 9

10 NAVAL DEFENSE Aircraft Carriers EMALS AAG Generator Pumps, Motors, Generators & Valves Advanced Aircraft Handling Technologies Advanced Arresting Gear ElectroMagnetic Launching Systems 10

11 NAVAL DEFENSE Programs & Products Aircraft Ship Integrated Secure and Traverse (ASIST) System Pumps Aircraft Recovery, Assist, Secure and Traverse (RAST) System Radar Display Systems Leakless Valves SBC, Graphics, I/O Cards Towed Line Sonar Array Handling Systems Secondary Propulsion Systems Specialized Structures 11

12 AEROSPACE DEFENSE Programs & Products Canopy Actuators Weapons Bay Door Drive Systems Leading Edge Flap Actuation Systems Air Data Computers Airborne Recorders Position Sensors Valve Actuators for Thermal Control Systems Torque Sensors Cockpit Control Feel and Drive Actuators Flight Control Computers Weapons Bay Hoist Systems Mission Management Computers Navigation Subsystems SBC, DSP, Graphics, I/O Cards 12

13 GROUND DEFENSE Programs & Products Obsolescence Management Turret Drive Stabilization Systems Gunner Handles Autoloader and Replenishment Controllers Hydro-pneumatic Suspension Systems Fire Control Computers Targeting Systems Ammunition Handling Systems Power Supplies Position Sensors SBC, DSP, Graphics, I/O Cards 13

14 BRADLEY SUBSYSTEM CONTENT Systems Control Box Signal Distribution Box Power Control Module 3 Gunners Sight Control Commanders Sight Control Power Control Module 2 Gun Control Unit Turret Distribution Box Transmission Drive Control Unit Hull Power Vehicle Distribution Box Relay Junction Power Control Module 1 External Training Device Interface 14

15 ADVANCED TECHNOLOGY Embedded Computing Mission Computer Towed Sonar Array Radar SBC/IO SBC/1553 Serial FPDP DSP GX Graphics Processing (GX) Single Board Computing (SBC) Communications (1553, Serial FPDP, GigE) Digital Signal Processing (DSP) 15

16 SECURING THE BATTLEFIELD 16

17 POWER GENERATION Plant upgrades, relicensing & restarts Innovative technology & qualification Domestic & international markets 17

18 POWER GENERATION Operating Reactors Equipment for Controlling Flow Solenoid Valves Auxiliary Equipment Bolting Solutions Containment Airlocks Isolation Valves Pressure Relief Valves Valve Actuators Rotary Disc Valves Heat Exchangers Naval Defense 29% Specialty Doors Electronic Controls & Connectors Control Valves Gaskets, Seals, Packing, Expansion Joints Pumps & Pump Monitoring Equipment Instrumentation & Controls 18

19 POWER GENERATION New Construction Advanced Reactor Design New construction on the horizon Awarded 2 plants by China Awarded 3 plants in U.S. 19

20 POWER GENERATION Nuclear Renaissance Global new construction Czech Republic Slovakia Romania Turkey Mexico Canada AP1000 Westinghouse ~$90M United States* per reactor Slovenia UK Switzerland France Italy Hungary Netherlands Finland ESBWR GE Hitachi ~$25M per reactor Lithuania Ukraine Belarus Armenia Egypt UAE Poland Kazakhstan China Iran Pakistan India Russia US EPR Areva NP ~$30M per reactor N. Korea Thailand Bangladesh Taiwan Japan S. Korea USAPWR MNES ~$30M per reactor * Watts Bar Unit 2 restart Source: World Nuclear Association 7/1/10 ACR-1000 AECL Brazil ~$15M per reactor Argentina Bulgaria South Africa ABWR Israel Toshiba ~$25M per reactor Under construction Indonesia Planned (funded or major commitment in place) Proposed (clear intention) Malaysia Vietnam PWR KAPCO ~$20M per reactor 20

21 OIL & GAS Plant upgrades Innovative technology designs & industry partnerships 21

22 OIL & GAS - The Refining Process Critical technology for severe service processing 22

23 OIL & GAS Coking Revolutionary Valve Technology Totally automated and sealed system Significantly reduces maintenance costs Increases throughput Enables processing of heavy crude Traditional Valves 23

24 OIL & GAS New Products Critical equipment + Electronic Controls = Total Solution Cutting Tool Top Valve Isolation Valves Bottom Valve 24

25 OIL & GAS Fluid Catalytic Cracking Fluid Catalytic Cracking Unit Butterfly Valves Diverter Valve Slide Valves 25

26 COMMERCIAL AEROSPACE Platforms, Products & Services Trailing Edge Flap Rotary Actuators Leading Edge Flap Actuators Position Sensors Wing Skin Forming Cargo Door Actuators Trailing Edge Flap Position Sensor Gearboxes Trailing Edge Flap Drives Aircraft Computer Systems Fire Protection Systems Laser Peening Nacelle Debris Door Actuators Throttle Quadrant Controllers Pilot Controls Power Conversion Units 26

27 COMMERCIAL AEROSPACE Helicopters Rotor Ice Protection System Senses & removes ice build up on blades FAA-certified for all-weather flight safety Rotor Ice Detection and Protection System Position Sensors 27

28 GENERAL INDUSTRIAL Linear Position Sensors Rotary Position Sensors Shot Peening Joystick Controllers Diesel Injection System Valves Variable Frequency Drives Hydraulic Actuators Audio and Video Controllers Digital Panel Indicators Coatings 28

29 LEVERAGING CROSS-MARKET OPPORTUNITIES Solenoid Valves Smart, leakless, pressure relief and safety valves for critical functions Subsea Pumping Vastly improves offshore production technology Technology developed with Petrobras Marketing with Cameron International Jointly redesigned package with 40% weight reduction & enhanced system performance Power-Dense High-Speed Motors Reduces volume and weight while increasing power output Hermetically sealed compressor package Partnered with Dresser-Rand 29

30 CW: NYSE Listed 80 YEARS In Sum: A Solid Investment Established Leader in Niche Markets Technology Market Position Competitive Cost Structure Diversified Business Plan Proven Ability to Grow Profitably Successful Integration of Acquisitions Future Outlook 30

31 CURTISS-WRIGHT CORPORATION A clear vision of tomorrow