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Martin Benante, Chief Executive Officer of Curtiss-Wright Corporation, Inducted Into GAMCO Management Hall of Fame

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MARTIN BENANTE, CHIEF EXECUTIVE OFFICER OF CURTISS-WRIGHT CORPORATION, INDUCTED INTO GAMCO MANAGEMENT HALL OF FAME

May 23, 2003

ROSELAND, N.J., May 23 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW, CWB) today announced that Martin R. Benante, its Chairman and CEO, was inducted into the GAMCO (Gabelli Asset Management) Management Hall of Fame for 2003. The designation honors corporate executives for their outstanding contributions in enhancing shareholder value.

Gabelli Asset Management established the GAMCO Management Hall of Fame in 1990 to recognize exceptional corporate executives who meet their stringent criteria related to increasing shareholder value. The selection process starts with Gabelli analyst research on the company. Each potential inductee is evaluated on rigorous criteria including: creating shareholder wealth, earning a superior rate of return over the long run, practicing the virtues of capital accumulation, and enhancing Gabelli client investment success.

Besides Mr. Benante, the GAMCO Management Hall of Fame also inducted Richard L. Bready of Nortek Inc. and John W. Madigan of the Tribune Company. Past inductees have included, among others, Gerald M. Levin of AOL Time Warner, Charles F. Dolan of Cablevision Systems, Harvey Golub of American Express, Sumner Redstone of Viacom International, Alan Abelson of Barron's, W. Patrick McGinnis of Ralston Purina, and Barron Hilton of Hilton Hotels.

Mr. Benante, who has been with Curtiss-Wright in various executive capacities since 1978, commented on his induction, "It is a great honor to be recognized by Gabelli Asset Management for my ongoing commitment to maximizing shareholder value. In truth, this is as much an award for every employee at Curtiss-Wright as it is for me, which acknowledges their hard work in achieving superior results. For as long as I have been with the Company, we have always focused on long term performance, building shareholder value, prudent fiscal policy and solid corporate governance. Our financial and business performance, are the best indicators of the success of our long-term strategic orientation. We believe that by following our long-term strategies, Curtiss-Wright will continue to succeed as a strategically diversified entity well suited to meeting future challenging business environments."

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 .

SOURCE Curtiss-Wright Corporation

CONTACT:
Glenn Tynan of Curtiss-Wright Corporation,
+1-973-597-4700,
[email protected]