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Slide #79. Curtiss-Wright Flow Control Company — Ovalpath, Inc.
Curtiss-Wright Flow Control Company (NYSE:CW)
Curtiss-Wright Flow Control Company (CWFC) announced today that it has acquired the assets of Ovalpath, Inc. for approximately $3 million in cash. Ovalpath, a start-up software company, has developed a proprietary software platform used in mobile-device based applications serving the commercial nuclear power market. These solutions significantly reduce the amount of time and effort needed to complete tasks within a nuclear power plant.
Curtiss-Wright is a manufacturing and service company that designs, manufactures, and overhauls components and provides engineered products and services. Co.'s segments are: Commercial/Industrial, which provides engineered products and services including electronic throttle control devices and transmission shifters; Defense, which provides commercial off-the-shelf embedded computing board-level modules, integrated subsystems, turret aiming and stabilization products, flight test equipment, and aircraft data management solutions; and Power, which provides pumps, control rod drive mechanisms, fastening systems, spent fuel management products, and fluid sealing products.
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Strong Buy (3.50 out of 4)