Benzinga | Sep 27, 2021 03:32PM EDT

Curtiss-Wright Bags Contract From Raytheon For MOSA-Based Processing & Networking Modules

* Curtiss-Wright Corp. (NYSE:CW) has secured a contract from Raytheon Technologies Corp (NYSE:RTX) to provide its rugged Modular Open Systems Approach (MOSA)-based processor and networking modules for use in the Next Generation Special Mission Processor (SMP). The contract size was not disclosed.

* The NextGen SMP serves as the central processing component of the AC/MC-130J aircraft.

* According to the DoD, the use of MOSA solutions is expected to "support a more rapid evolution of capabilities and technologies throughout the product life cycle through the use of architecture modularity, open systems standards, and appropriate business practices."

* The company has begun the shipments and is scheduled to run through 2032.

* Price Action: CW shares traded higher by 2.07% at $127.64, while RTX was up 0.22% at $87.34 on the last check Monday.