Curtiss-Wright has secured a contract to deliver valves for the US Navy's Virginia-class nuclear-powered fast attack submarines and Ford-class aircraft carriers.

The new contract is valued at more than $49m and has been awarded by US-based company Bechtel Plant Machinery (BPMI) in order to support the construction of naval vessels and procurement of spare parts.

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The scope of the deal includes fiscal year 2017 (FY17) orders for two naval ship sets of submarine propulsion plant valves and one additional FY17 order for aircraft carrier propulsion plant valves.

Curtiss-Wright chairman and chief executive officer David C. Adams said: “We are pleased to have been awarded this important naval defence contract, which reflects Curtiss-Wright’s long-standing relationships and continued support of these critical US naval defence platforms.

"Our innovative products and reliable solutions support the US Navy’s cost and delivery targets, while reinforcing the fleet readiness commitments for both platforms."

“Since the inception of nuclear powered ships, Curtiss-Wright’s commitment to providing the most advanced and reliable technologies has ensured our continued participation in these significant defence programmes, which continue to receive strong Congressional support.

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“Further, our innovative products and reliable solutions support the US Navy’s cost and delivery targets, while reinforcing the fleet readiness commitments for both platforms.”

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Work on the project is being carried out at Curtiss-Wright’s facility in East Farmingdale, New York, which is a business unit of the company’s industrial division within the commercial / industrial segment.

The company has already begun various engineering and manufacturing works that will continue through 2021.

Curtiss-Wright previously received orders with a combined value of more than $80m to supply valves for the Virginia-class submarines and Ford-class carriers in June last year.