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Slide #82. Curtiss-Wright Corporation — Parvus Corporation
Curtiss-Wright Corporation (NYSE:CW)
Curtiss-Wright Corporation (NYSE:CW) today announced that it has acquired 100% of the shares of Parvus Corporation (Parvus), a business unit of Eurotech S.p.A., for $38 million in cash. Parvus is a leading designer and manufacturer of rugged small form factor computers and communications subsystems for the aerospace, defense, homeland security and industrial markets. The acquired business will operate within Curtiss-Wright's Controls segment.
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)