Curtiss-Wright Awarded Multi-Million Dollar Contract for ASIST Helicopter Handling...

Curtiss-Wright Awarded Multi-Million Dollar Contract for ASIST Helicopter
Handling Systems

Award to Supply ASIST Systems and Modular Lightweight Track For New Australian
Navy Destroyers

PARSIPPANY, N.J., May 11 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation
(NYSE: CW) announced it has been awarded a multi-million dollar contract by
ASC AWD Shipbuilder Pty. Ltd., on behalf of the Air Warfare Destroyer (AWD)
Alliance, to supply Aircraft Ship Integrated Secure and Traverse (ASIST)
helicopter handling systems and modular lightweight tracks for three Hobart
Class ships for the Royal Australian Navy. Curtiss-Wright Flow Control will
perform the work at its facility in Ontario, Canada with initial deliveries
scheduled to begin in late 2009. The total contract value, including all
follow-on options, is expected to be in excess of $15 million. The contract
contains an option for a fourth shipset of equipment with a potential award in
2009.

"Curtiss-Wright is very pleased to continue its support of the Australian
Navy's aviation operations and to work with ASC on this exciting new ship
program," said Martin R. Benante, CEO and Chairman of Curtiss-Wright
Corporation. "The supply of these helicopter handling systems demonstrates
our continuing engineering expertise in providing improved capability through
innovative equipment designs and overall value through operational
efficiency."

The ASIST system is a state-of-the-art deck handling solution for shipboard
helicopter operations. It integrates the functions required for landing and
on-deck operations to stow large ship-borne helicopters. Using the ASIST
system, all deck handling operations can be accomplished without the need for
personnel on the flight deck. The ASIST system enables safe helicopter
handling day or night, even in adverse weather and sea conditions. The system
will initially operate with the Australian Navy legacy S-70B helicopters and
will be compatible with future helicopter designs.

The AWD program will provide the Royal Australian Navy with one of the world's
most capable all-purpose warships. The three AWD Hobart Class ships will
provide an advanced air defense system capable of engaging enemy aircraft and
missiles at ranges in excess of 150km. The AWD ships will include a
helicopter for surveillance and response to support key warfare areas as a
part of their core capabilities.

About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in
Parsippany, N.J. The company designs, manufactures and overhauls products for
motion control and flow control applications, and provides metal treatment
services. The firm employs approximately 7,900 people worldwide. For more
information about Curtiss-Wright please visit www.curtisswright.com.

About Curtiss-Wright Flow Control
Curtiss-Wright Flow Control (CWFC) specializes in the design and manufacture
of highly engineered valves, pumps, motors, generators, electronics, systems
and related products for the commercial nuclear power industry, oil and gas
processing facilities and a range of critical military programs. CWFC's
innovative, high-performance products play an integral role in our nation's
defense, and in the safe, efficient operation of power plants and other
industrial sites worldwide. Based in Falls Church, VA, the company has
approximately 3,200 employees worldwide and is the Flow Control operating
segment of Curtiss-Wright Corporation. For more information please visit
www.cwfc.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 related to the value of this contract, the continued
relationship with the customer, the successful implementation of this
Australian Naval program, and the future opportunities associated with the
program. Such statements 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 cancellation of the contract based on
convenience; 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 Exchange Act
of 1934, as amended, for further information.

SOURCE Curtiss-Wright Corporation

Alexandra Deignan of Curtiss-Wright Corporation, +1-973-597-4734