Westinghouse Electric Company has signed an alliance agreement with Curtiss-Wright Corporation's Electro-Mechanical division to develop business opportunities to reburbish large motors for commercial nuclear power applications, in North America.
Under the strategic agreement, both the companies will collaborate on the development of new technology.
Curtiss-Wright Corporation chairman and CEO, Martin R Benante, said the agreement is another milestone which illustrates the company's commitment to the worldwide nuclear power market: "We are proud to continue our long-standing, strategic partnership with Westinghouse.
"With this agreement, we can leverage our joint capabilities to create immense value for current and future customers."
Westinghouse Electric Company COO, Ric Perez, said the global nuclear energy industry has significant potential for growth and offers opportunities for both companies: "Our respective nuclear businesses are combining forces aimed at strengthening our ability to compete effectively and improving the technologies and product offerings to customers to make the most of future opportunities."
The companies have ongoing business agreements in support of operating nuclear plants worldwide, and AP1000 units under construction in China and the US.
Image: Westinghouse's AP1000 units are currently under construction in China. Photo: courtesy of Westinghouse.