Curtiss-Wright Awarded $32.6 Million Contract From Lockheed

Motion Control Segment to Supply Aircraft Actuation Equipment for F/A-22

ROSELAND, N.J., Dec. 23 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW; CW.B) has received a new contract from Lockheed Martin to supply actuation equipment for the lead edge flap and weapons bay door systems for the F/A-22 Raptor Aircraft. The contract has a potential value of $32.6 million over a three-year-period at current projected aircraft production levels.

Curtiss-Wright's actuation equipment is used to control the leading edge of the wing surface of the aircraft which assists in the aerodynamics of the aircraft and controls the aircraft's weapon bay doors when releasing munitions.

"We are very pleased that Lockheed has chosen us for this important defense contract and continues to instill their confidence in Curtiss-Wright as a premier supplier," said Martin R. Benante, Chairman and CEO of Curtiss- Wright Corporation. "The F/A-22 program is a primary United States Air Force program and we look forward to the continued success of this revolutionary aircraft."

Curtiss-Wright's Motion Control segment will manufacture the components at its Shelby, N.C. facility. Development work has begun on the program and product shipments will continue through 2007.

The F/A-22 was developed to counter the increased sophistication and threat of hostile air forces and integrated air systems in use around the world. The F/A-22 has unprecedented fighter and attack capabilities with its balanced design of stealth, supercruise speed and extreme agility, along with advanced integrated avionics and a pilot-friendly cockpit.

ABOUT CURTISS-WRIGHT

Formed in 1929, Curtiss-Wright Corporation is the legacy company of Glenn Curtiss and the Wright brothers' pioneering achievements which gave birth to the aviation industry. Today, Curtiss-Wright continues to focus on innovation as a diversified, global provider of highly engineered, technologically advanced products and services for military, commercial and industrial applications. The Company designs, manufactures and overhauls products for motion control and flow control applications, and provides metal treatment services. Headquartered in Roseland, New Jersey, Curtiss-Wright employs approximately 5,500 people worldwide. More information on Curtiss-Wright can be found on the Internet at http://curtisswright2014.q4web.com.

ABOUT MOTION CONTROL

Headquartered in Gastonia, North Carolina, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation (NYSE: CW, CW.B). With manufacturing facilities around the world, Curtiss-Wright Controls is a leading technology-based organization providing niche motion control products, embedded computers, subsystems and services internationally for the aerospace and defense markets. Curtiss-Wright Corporation celebrated its 75th anniversary in August 2004. For more information, visit http://www.cwcontrols.com.

This release contains forward-looking statements relative to the continued success of the F/A-22 program and the potential value of the contract based on current projected production levels. These 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 or more specifically discretionary spending for programs such as the F/A-22; 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
12/23/2004
CONTACT: Alexandra M. Deignan, +1-973-597-4734, for Curtiss-Wright Corporation
Web site: http://curtisswright2014.q4web.com
(CW CW.B)