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Curtiss-Wright Awarded $11.5 Million US Navy Contract

March 03, 2005

Program For Design and Development of Advanced Arresting Gear System

ROSELAND, N.J., March 3 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW; CW.B) has been selected as part of the team led by General Atomics to participate in the System Design and Development (SDD) phase of the Advanced Arresting Gear (AAG) Program for the US Navy. Curtiss-Wright has been awarded $11.5 million as part of a cost-plus fee contract which is expected to be completed in October 2008. The Naval Air Warfare Center Aircraft Division (NAVAIR), Lakehurst, NJ, is the contracting agent.

The AAG system will replace the current hydraulic arresting system used on aircraft carriers to capture tailhook-equipped aircraft landing on the deck. The new system design will provide significant advances for simplifying operation, improved reliability, and ease of maintenance, as well as increased flexibility to recover a wider array of aircraft. The system will be retrofit onto existing CVN 68 class carriers and forward-fit on to CVN 21 and future class carriers.

The project team, which includes General Atomics as prime contractor, Curtiss-Wright, ESCO, FMI, JJMA and EDO corporations, will design, develop, manufacture, install, and demonstrate a production-representative AAG unit at NAVAIR-Lakehurst. Curtiss-Wright Electro-Mechanical Corporation (EMD), a unit of Curtiss-Wright's Flow Control segment, will perform the work at its Cheswick and Mt. Pleasant, PA, facilities.

Martin R. Benante, Chairman and CEO, commented, "The reliability and increased operational flexibility of the Advanced Arresting Gear System is of paramount importance to the basic mission of our carrier fleet and we are honored to be a valued team member on this critical US Navy program."

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The Company designs, manufactures and overhauls products for motion control, flow control, and provides a variety of metal treatment services. The firm employs approximately 5,600 people worldwide. More information on Curtiss-Wright can be found on the Internet at http://curtisswright2014.q4web.com.

About Curtiss-Wright Flow Control

Headquartered in Farmingdale, New York, Curtiss-Wright Flow Control ("CWFC") is the flow control segment of Curtiss-Wright Corporation. Founded in 1950, CWFC specializes in the design and manufacture of highly engineered valves, pumps, advanced electrical machines, electronics and related products for commercial and defense industries. Today, CWFC's sophisticated products are installed on every nuclear submarine and aircraft carrier commissioned by the United States Navy, and an integral part of worldwide commercial nuclear power plants, oil and gas processing facilities, automotive and general industrial markets. For more information, visit http://www.cwfc.com.

Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies. Please refer to the Company's current SEC filings under the Securities and Exchange Act of 1934, as amended, for further information.

SOURCE  Curtiss-Wright Corporation
    -0-                             03/03/2005
    /CONTACT:  Alexandra M. Deignan, +1-973-597-4734/
    /Web site:  http://curtisswright2014.q4web.com
                http://www.cwfc.com /
    (CW CWB)

CO:  Curtiss-Wright Corporation
ST:  New Jersey
IN:  ARO
SU:  CON

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6477 03/03/2005 16:22 EST http://www.prnewswire.com

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