Curtiss-Wright Awarded $8 Million Contract

ROSELAND, N.J., May 13 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation today announced an $8 million contract award by General Dynamics C4 Systems and Rockwell Collins, Inc. to provide Curtiss-Wright General Processor Modules (GPM) for use in the Integrated Computer System (ICS) of the U.S. Army's Future Combat Systems (FCS) program. The Integrated Computer System combines a wide range of previously independent computing applications into a single, integrated, secure processing environment. ICS is a common computing environment for 13 of the 14 platforms in the FCS family of systems which comprises a network of sensors, unmanned aerial platforms and manned and unmanned ground systems.

"Curtiss-Wright is proud to partner with the FCS ICS Team to enable advanced, high density processing capabilities that support the U.S. Army's FCS program," said Martin R. Benante, Chairman and Chief Executive Officer of Curtiss-Wright. "We have worked diligently to develop the embedded computing standards that enable the maximum throughput, compatibility and overall performance for defense applications. This award is a clear indication of our industry-leading technology and its value to future defense programs."

Under the terms of the contract, Curtiss-Wright will supply the processing modules to General Dynamics and Rockwell Collins for integration into the ICS system. The initial order is for more than 1,000 modules with deliveries scheduled to begin during the second quarter of 2008.

General Dynamics and Rockwell Collins were jointly awarded a contract by The Boeing Company and Science Applications International Corporation to accelerate technology development of the Integrated Computing System in 2005. By March 2007, the team had designed, built, tested and delivered the first ICS unit for use in an FCS mobile platform.

Curtiss-Wright offers a complete family of rugged COTS boards and sub-systems ranging from Processing, Data Communication, DSP and Video & Graphics to the most advanced board level components and fully integrated custom systems. The company's innovative use of open standards such as the new high performance VPX board architecture enables customers to protect their investment and avoid the high cost-barriers and time-to-market penalties that changing embedded real-time computing systems normally incur.

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 7,600 people worldwide. More information on Curtiss-Wright can be found at http://www.curtisswright.com/.

About Curtiss-Wright Controls, Inc.

Headquartered in Charlotte, North Carolina, Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation. With manufacturing facilities around the world, Curtiss-Wright Controls is a leading technology-based organization providing niche motion control products, subsystems and services internationally for the aerospace and defense markets. For more information, visit http://www.cwcontrols.com/.

This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including statements relating to Curtiss-Wright Corporation's expectations of future performance of our development work, the value of the contract, the continued relationship with an existing customer, the successful implementation of this government program and future opportunities associated with this program, 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.