Siemens' federal arm closes Dresser-Rand government divestiture

Siemens’ U.S. federal arm has completed the sale of its now-former Dresser-Rand government business to industrial company Curtiss-Wright for $212.5 million in cash, the companies said Tuesday.

First announced in February, the divestiture is intended to help Siemens further pivot toward more core high-technology offerings for agencies through the global conglomerate’s Siemens Government Technologies subsidiary.

Dresser-Rand’s government business manufactures steam turbines and other heavy machinery systems for Navy aircraft carriers and submarines. Curtiss-Wright sought to expand its Navy aftermarket business and become a more prominent ship repair and maintenance services player.

The business is the sole supplier of steam turbines and main engine guard valves for Navy aircraft carriers.

Siemens acquired Dresser-Rand three years ago for $7.6 billion.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More


    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.