With this deal, the two firms will jointly pursue and develop business opportunities for the refurbishment of large motors for commercial nuclear power applications in North America, as well as collaborate on new technology development.

Curtiss-Wright Corporation chairman and CEO Martin R Benante said the company is proud to continue its long-standing, strategic partnership with Westinghouse.

"With this agreement, we can leverage our joint capabilities to create immense value for current and future customers," Benante added.

Both the companies have several ongoing business agreements in support of operating nuclear plants across the globe and AP1000 units under construction in the US and China.