Acquisition of Hybricon
Please be advised that Hybricon Corporation has been acquired by Curtiss Wright. Hybricon’s customers can now reap the benefits of Curtiss-Wright’s breadth of industry leading Engineering and Manufacturing resources, technology offerings, and focus on exceeding customer expectations. By adding Hybricon’s electronic enclosures and backplanes to its family of mission critical product and engineering solutions, Curtiss Wright Defense Solutions further enhances its total customer solution offering. This will benefit you, our customers, by offering reduced Size, Weight and Power system solutions and world class manufacturing capabilities, with a strong focus on meeting and exceeding your program requirements.
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CURTISS-WRIGHT ACQUIRES HYBRICON
Expands Defense Electronics Subsystems Portfolio
CHARLOTTE, NC – June 2, 2010 – Curtiss-Wright Corporation (NYSE: CW) today announced that it has acquired Hybricon Corporation (“Hybricon”) for $19 million in cash. Hybricon is a leading supplier of high performance electronic packaging for the aerospace, defense and commercial markets, and provides electronic subsystem integration expertise, which generates more efficient product development and reduced design and manufacturing risk for its customers.
“We are very excited about adding Hybriconʼs electronic enclosure technologies and expertise to our existing defense and aerospace system integration operations,” said David Adams, cochief operating officer of Curtiss-Wright Corporation. “Hybriconʼs broad customer base and their leadership position as a supplier of high performance rugged backplanes and enclosures will expand our Defense Solutions groupʼs ability to provide mission-critical rugged solutions around the globe.”
Hybricon, based in Ayer, MA, designs and manufactures custom and standards-based enclosures and electronic backplanes for defense and commercial applications. They are a leading supplier for the most popular embedded commercial-off-the-shelf (COTS) system architectures, including OpenVPX, VPX, VXS, VME64X, CompactPCI, and MicroTCA. In 2009, Hybricon had sales of approximately $17 million, including an 85% concentration in the defense market. Hybricon will operate in Curtiss-Wrightʼs Motion Control segment, within the Electronic Systems division.
Headquartered in Charlotte, NC, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation. With manufacturing facilities around the world, Curtiss-Wright Controls is a leading technology-based organization providing niche motion control products, subsystems and services internationally for the aerospace and defense markets.