Curtiss-Wright Awarded Boeing Contract to Develop Integral Weapons Bay Hoist System for Joint Unmanned Combat Air System

Unmanned Combat Air Vehicles Considered Future of Air Defense

ROSELAND, N.J., Sept. 26 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW; CW.B), a diversified global provider of highly engineered products and services to the motion control, flow control and metal treatment industries, announced today that The Boeing Company awarded it a contract to design, develop and integrate the weapons bay hoist systems for the new Joint Unmanned Combat Air System (J-UCAS) X-45 program.

The J-UCAS X-45 demonstrators are being developed by Boeing Phantom Works to demonstrate the military utility and operational value of UCAV systems for the United States Air Force and Navy. Curtiss-Wright expects to deliver development hardware in early 2005. The first flight of the new X-45 is scheduled for early 2006. (J-UCAS images are available for editorial use on www.boeingmedia.com.) Meanwhile, Phantom Works continues to flight test the X-45A technology demonstrators to verify the core functionality of the software necessary for the USAF/USN missions.

"Because of their stealth capabilities and precision-guided weaponry, UCAVs are considered the future of air defense," said Martin Benante, Chairman and Chief Executive Officer of Curtiss-Wright. "We're proud to have been selected by Boeing as a strategic partner in developing this new technology and look forward to seeing it integrated into the military's other systems."

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 and flow control applications and additionally is a provider of metal treatment services. The firm employs approximately 4,300 people. More information on Curtiss-Wright can be found on the Internet at curtisswright2014.q4web.com.

ABOUT THE CENTENNIAL CELEBRATION OF FLIGHT

On December 17, 1903, amid the sand dunes of Kitty Hawk, North Carolina, man's quest for powered flight became a reality when a small fabric and wood craft know as the Wright Flyer ushered in the aviation age. The team behind this legendary event, Orville and Wilbur Wright, along with aircraft designer Glenn Curtiss, gave birth to a new industry and founded Curtiss-Wright Corporation, today a multinational provider of metal treatment, motion control and flow control systems for the aerospace and defense industries. For more information about the Centennial Celebration of Flight, visit curtisswright2014.q4web.com/centennial.asp.

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, 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.

This press release and additional information is available at curtisswright2014.q4web.com and www.portfoliopr.com.

SOURCE Curtiss-Wright Corporation

CONTACT:
Glenn E. Tynan,
+1-973-597-4700,
[email protected];
Paul Holm,
[email protected],
or Matthew Karsh,
[email protected],
both for Curtiss-Wright,
+1-212-736-9224