Curtiss-Wright acquires Predator Systems

PARSIPPANY, N.J., Jan. 11 (UPI) -- New Jersey motion-control systems company Curtiss-Wright Corp. has acquired Predator Systems Inc., strengthening its defense and aerospace markets portfolio.

Curtiss-Wright said the cost of the acquisition was $13.25 million.

PSI, which has headquarters in North Carolina, designs and manufactures motion-control components and subsystems for ground defense, ordnance guidance and aerospace applications.

PSI will operate within the Flight Systems division of Curtiss-Wright's Motion Control segment.

"PSI's proprietary electro-hydraulic technologies broaden Curtiss-Wright's motion-control portfolio, further entrenching our position as a premier supplier for the aerospace and defense markets," said Martin R. Benante, chairman and chief executive officer of Curtiss-Wright. "PSI's engineering expertise and advanced product technologies add key building blocks to our actuation, sensor and electronics product lines.

"PSI's unique capabilities build on Curtiss-Wright's long history of providing highly engineered solutions to an expanding market and customer base," he said.

PSI's key technologies include smart manifolds that feature embedded electronics, hydraulic motors and pumps, electro-hydraulic servo valves, dampers and hydraulic fuses.

Curtiss-Wright designs and manufactures products for motion control and flow control applications and provides a variety of specialized metal treatment services.