Curtiss-Wright (CW) said Monday it won contracts worth about $40 million from Leidos Holdings (LDOS) to supply equipment for a US Army air-defense program.
The company will deliver electromechanical actuators and rugged, small-form-factor mission computers for mobile ground-based air-defense systems, the company said.
The Indirect Fire Protection Capability Increment 2 system is designed to acquire, track, engage and defeat cruise missiles, rockets and drones, and is expected to support Indo-Pacific operations for the defense of Guam, Curtiss-Wright said.
Shares of Curtiss-Wright were down 1.6% in Monday trading.
Price: $586.94, Change: $-9.49, Percent Change: -1.59%