901D: Local defense contractor inks $132M deal to buy warship systems manufacturer

Davidson-based Curtiss-Wright Corp. has inked a $132 million deal to buy 901D, a New York state shipboard electronic systems manufacturer. Curtiss-Wright (NYSE: CW) CEO David Adams says the purchase of 901D will fit with the company's plan to continue to take advantage of the U.S. naval fleet expansion. The deal will also allow Curtiss-Wright to provide shipboard systems for both nuclear and non-nuclear vessels. "The acquisition of 901D increases our footprint on critical U.S. Navy shipbuilding...