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Curtiss-Wright Announces New President of Flow Control Segment

News Details

CURTISS-WRIGHT ANNOUNCES NEW PRESIDENT OF FLOW CONTROL SEGMENT

May 03, 2004

 

ROSELAND, N.J., May 3 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: CW; CW.B), a diversified, global provider of highly engineered products and services through its Motion Control, Flow Control, and Metal Treatment segments, today named David J. Linton as President of the Flow Control segment, Curtiss-Wright Flow Control Corporation. Mr. Linton will replace Richard Langseder who has served as Interim President of CWFCC since October of 2003. Mr. Langseder will assume the position of Executive Vice President for CWFCC.

An aerospace and defense industry veteran, Mr. Linton brings 26 years of experience in the aerospace, defense and technology markets. Most recently he worked at Raytheon Network Centric Systems as Vice President of Program Management. Prior to joining Raytheon, Mr. Linton served as Chief Executive Officer of Cordiem LLC, an aerospace B2B consortia comprised of nine major airlines and three original equipment manufacturers, and as Vice President and General Manager of Electric Systems for Hamilton Sundstrand Corporation, a United Technologies Company. His engineering and business expertise includes a broad range of technologically advanced systems and components, systems engineering, strategic planning and business development, and provides an excellent background for leading the Flow Control segment with its growing market reach.

Curtiss-Wright's flow control business began in 1951 as Target Rock and originally specialized in the design and manufacture of highly engineered valves and related products for Naval Propulsion systems. Since 1998, Curtiss-Wright Flow Control has made seven acquisitions and has significantly expanded its product line and distribution capabilities to the commercial power generation, oil, gas and chemical processing industries. As a result of the segment's continued growth and product line expansion, Flow Control's 2003 sales were $341 million compared with $172 million in 2002, a 97% increase.

Martin R. Benante, Chairman and CEO of Curtiss-Wright said, "Curtiss- Wright's Flow Control segment has achieved exceptional growth in recent years, both in the military market and by expanding into complementary commercial markets. The appointment of David Linton as President of Flow Control gives me great confidence in the strategic direction and future performance of this business. I have the highest regard for David's experience, leadership, enthusiasm and insight." Mr. Benante continued, "We are extremely grateful to Mr. Langseder for overseeing our Flow Control segment during the past six months. He is a highly valued employee with a long tenure at Curtiss-Wright and he will continue to provide significant contributions to the growth and management operations of Curtiss-Wright Flow Control."

Mr. Linton earned a Bachelors of Science degree in Mechanical Engineering from the University of Wisconsin, Madison and a Masters in Business Administration degree from Rockford College. He has taken an active role in professional and community activities, including serving on the Boards of Directors for Cordiem LLC and Jet-A.com, as well the Rockford Symphony Orchestra.

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 provides of metal treatment services. The firm employs approximately 4,900 people worldwide. More information on Curtiss-Wright can be found on the Internet at curtisswright2014.q4web.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, 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 on the company is available at curtisswright2014.q4web.com.

SOURCE Curtiss-Wright Corporation

CONTACT:
Alexandra Magnuson of Curtiss-Wright Corporation,
+1-973-597-4734