Curtiss-Wright Acquires Two Coating Service Facilities

Provides High Performance Coatings for the Automotive Industry

ROSELAND, N.J., May 10 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW) announced today that it has acquired the assets and certain liabilities of two business units of Diversified Coatings, Inc. (dba Allegheny Coatings) of Ridgway, PA for $15.1 million. The two acquired businesses, located in Fremont, IN and Ingersoll, Ontario, apply high performance specialized coatings primarily to automotive braking and suspension components utilizing automated spray coating lines. The two businesses will become part of Curtiss-Wright's Metal Treatment segment.

"The capabilities of these two businesses complement those of our existing North American coating services network. We anticipate generating synergies with our existing coating, shot peening and heat treating businesses in the growing transportation industry, as well as expanding the services currently offered to our existing customers," said Martin R. Benante, Chairman and CEO of Curtiss-Wright.

The two acquired coating businesses had combined sales of $12.7 million in 2005 and have approximately 169 employees. Although their primary business is the spray application of galvanic high performance coatings for automotive industry brake rotors, ball studs and stampings, these businesses also provide application services to the farm equipment, trailer, military, marine and construction equipment industries.

ABOUT CURTISS-WRIGHT

Curtiss-Wright Corporation is a diversified company headquartered in Roseland, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services. The firm employs approximately 6,000 people worldwide. More information on Curtiss-Wright can be found at http://curtisswright2014.q4web.com.

ABOUT OUR METAL TREATMENT SEGMENT

Curtiss-Wright's Metal Treatment segment provides precision metal finishing services, including shot peening, shot peen forming, laser peening, heat treating, specialty coatings, reed valve manufacturing and wet finishing. Its customer base includes the commercial aerospace, automotive, power generation and processing industries. The Company now operates 59 metal treatment facilities in North America and Europe. More information on Curtiss- Wright's Metal Treatment segment can be found on the Internet at http://www.metalimprovement.com.

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions, current expectations, estimates and projections. Such statements, including statements relating to Curtiss-Wright Corporation's expectations for future financial performance, are not considered historical facts and are considered forward-looking statements under the federal securities laws. 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 US and Foreign 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
CONTACT:
Alexandra M. Deignan for Curtiss-Wright Corporation,
+1-973-597-4734