CIRCOR Aerospace & Defense New York & Lockheed Martin Enter Site Agreement for Hellfire Missile Program
CIRCOR International, Inc. (CIR)
Last circor international, inc. earnings: 3/2 06:55 am
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investors.circor.com/phoenix.zhtml?c=109457&p=irol-presentations_pf
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Source: GlobeNewswire
HAUPPAUGE, N.Y., Feb. 05, 2019 (GLOBE NEWSWIRE) -- CIRCOR Aerospace Inc., a CIRCOR International company (NYSE:CIR), announced that its Aerospace & Defense New York business has entered into a site agreement with Lockheed Martin (NYSE: LMT) in support of the Hellfire Missile Buy 17 Program requirements for kinetic switches and modules (FY2018 through FY2021). The estimated value over the term of the agreement exceeds $12.3 million. In addition, the parties have completed negotiations on terms of the contract and production pricing. CIRCOR Aerospace New York (formerly Aerodyne Controls) has been an innovative leader in the design, development and manufacture of kinetic switches and pneumatic actuation systems for military and commercial applications for over 50 years. The partnership between CIRCOR and Lockheed Martin launched in 2011 with the design phase of the Safe & Arm and Impact applications for the Hellfire Program and has continued through the industrialization and prod
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