PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

6 Months Ended

Jun. 30, 2011

Pension and Other Postretirement Benefit Plans [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

10.       PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The following tables are consolidated disclosures of all domestic and foreign defined pension plans as described in the Corporation's 2010 Annual Report on Form 10-K, as amended. The postretirement benefits information includes the domestic Curtiss-Wright Corporation and EMD postretirement benefit plans, as there are no foreign postretirement benefit plans.

Pension Plans

The components of net periodic pension cost for the three and six months ended June 30, 2011 and 2010 are as follows:

		(In thousands)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Service cost		$	9,342	$	7,021	$	18,657	$	14,075
Interest cost			6,566		6,261		13,108		12,557
Expected return on plan assets			(7,995)		(6,937)		(15,962)		(13,907)
Amortization of:
	Prior service cost		301		279		600		557
	Unrecognized actuarial loss		1,246		766		2,489		1,532
Net periodic benefit cost		$	9,460	$	7,390	$	18,892	$	14,814
Curtailment loss (gain)			53		-		53		(31)
Total periodic benefit cost		$	9,513	$	7,390	$	18,945	$	14,783

During the six months ended June 30, 2011, the Corporation made $22 million in contributions to the Curtiss-Wright Pension Plan, and expects to make total contributions of approximately $35 million in2011. In addition, contributions of $3.4 million were made to the Corporation's foreign benefit plans during the six months endedJune 30, 2011. Contributions to the foreign benefit plans are expected to be $4.5 million in 2011.

Other Postretirement Benefit Plans

The components of the net postretirement benefit cost for the Curtiss-Wright and EMD postretirement benefit plans for the three and six months ended June 30, 2011 and 2010are as follows:

		(In thousands)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Service cost		$	94	$	189	$	188	$	378
Interest cost			250		434		500		868
Amortization of:
	Prior service cost		(157)		-		(314)		-
	Unrecognized actuarial gain		(231)		(156)		(463)		(312)
Net periodic postretirement benefit cost		$	(44)	$	467	$	(89)	$	934

The reduction in the net periodic postretirement benefit cost is a result of modifications to the EMD Plan benefit design for post 65-retirees which went into effect on January 1, 2011. The change reduced the benefit obligation by approximately $7.0 million.

During the six months ended June 30, 2011, the Corporation paid $0.7 million to the postretirement plans. During 2011, the Corporation anticipates making total contributions of $1.5 million to the postretirement plans.