FOR IMMEDIATE RELEASE

CURTISS-WRIGHT REPORTS 2007 SECOND QUARTER AND SIX
MONTH FINANCIAL RESULTS; INCREASES GUIDANCE
- - -

Sales increase 18%; Operating Income up 16%;
Backlog at Record Level

ROSELAND, NJ – July 26, 2007 – Curtiss-Wright Corporation (NYSE: CW) today reports financial results for the second quarter and six months ended June 30, 2007. The highlights are as follows:

Second Quarter 2007 Operating Highlights

• Net sales for the second quarter of 2007 increased 18% to $365.6 million from $309.6 million in the second quarter of 2006.
  
  
• Operating income in the second quarter of 2007 increased 16% to $38.4 million from $33.1 million in the second quarter of 2006.
  
  
• Net earnings for the second quarter of 2007 increased 1% to $21.4 million, or $0.48 per diluted share, from $21.1 million, or $0.48 per diluted share, in the second quarter of 2006. Net earnings for the second quarter of 2006 were favorably impacted by a lower effective tax rate resulting from one-time tax benefits of $3.6 million.

Six Months 2007 Operating Highlights

• Net sales for the first six months of 2007 increased 18% to $698.2 million from $592.2 million in the first six months of 2006.
  
  
• Operating income in the first six months of 2007 increased 27% to $73.6 million from $57.7 million in the first six months of 2006.
  
  
• Net earnings for the first six months of 2007 increased 23% to $40.9 million, or $0.91 per diluted share, from $33.4 million, or $0.75 per diluted share, in the first six months of 2006. Net earnings for the first six months of 2006 were favorably impacted by a lower effective tax rate resulting from one-time tax benefits of $3.6 million.
  
  
• New orders received in the first six months of 2007 were $758.3 million, up 16% compared to the first six months of 2006. At June 30, 2007, our record high backlog was $1,042 million, up 19% from $875.5 million at December 31, 2006.

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“We are pleased to report increased sales and operating income for the second quarter of 2007,” commented Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. Our solid operating income performance in the second quarter was led by our Motion Control and Metal Treatment segments, which experienced organic operating income growth of 19% and 11%, respectively, compared to the prior year period. From a market perspective, our commercial sales continue to be strong with 20% overall organic sales growth in the second quarter of 2007, driven primarily by organic growth of 53% in the oil and gas market and 21% in the commercial aerospace market. Our record backlog is a clear indication of the success of our products and programs and provides great momentum for the second half of the year. We continue to invest in a number of military and commercial development programs and we expect these investments to provide future growth opportunities and improved profitability. Additionally, during the second half of the year, the ramp up of our military and commercial programs will generate higher operating margins.”

Sales

Sales growth in the second quarter of 2007 was driven by organic growth in some of our base businesses and contributions from our 2007 and 2006 acquisitions as compared to the prior year period. The base businesses generated overall organic sales growth of 12% for the second quarter 2007 as compared to the prior year period. The organic sales growth in the second quarter of 2007 was driven by our Flow Control and Motion Control segments, which experienced organic sales growth of 14% and 13%, respectively, compared to the prior year period. Our Metal treatment segment achieved organic sales growth of 9% in the second quarter of 2007 as compared to the prior year period. In the second quarter of 2007, acquisitions made since March 31, 2006 contributed $17.6 million in incremental sales over the comparable prior year period.

In our base businesses, higher sales from our Motion Control segment to the commercial aerospace and ground defense markets, higher sales from our Flow Control segment to the oil and gas and general industrial markets, and higher sales from our Metal Treatment segment of global shot peening and specialty coatings services all contributed to the quarterly organic sales growth. In addition, foreign currency translation positively impacted sales by $4.0 million for three months ended June 30, 2007, as compared to the prior year period.

Operating Income

Operating income for the second quarter of 2007 increased 16% over the comparable prior year period. The organic operating income growth for the second quarter of 2007 was 13%, led by our Motion Control and Metal Treatment segments, which experienced solid organic growth of 19% and 11%, respectively, compared to the prior year period. The organic operating income for our Flow Control segment decreased 25%, mainly due to cost overruns on a development contract for the U.S. Navy and business consolidation costs and related labor inefficiencies. In addition, the Flow Control segment continues to invest in development on certain commercial programs, which have an adverse impact on the margins in the short-term, but should provide good growth opportunities in the future. Non-segment operating income (expense) improved $3.4 million primarily due to lower unallocated medical costs under the Company’s self-insured medical insurance plan and lower pension expense. In addition, foreign currency translation favorably impacted operating income by $0.4 million for the second quarter 2007, compared to the prior year period.

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Net Earnings

Net earnings increased 1% for the second quarter of 2007 over the comparable prior year period. Operating income from our business segments increased $1.9 million for the second quarter of 2007 over the prior year period. Our effective tax rate for the second quarter of 2006 was favorably impacted by one-time tax benefits of $3.6 million. Interest expense for the second quarter of 2007 was down due to lower debt levels, partially offset by higher interest rates, as compared to the prior year period.

Cash Flow

Net cash provided by operating activities for the first six months of 2007 was $53.1 million, a significant improvement from $1.0 million in the first six months of 2006. Our 2007 free cash flow, defined as cash flow from operations less capital expenditures, was $29.1 million for the first six months of 2007, as compared to a loss of ($16.1) million in the first six months of 2006. All three operating segments experienced improved results. The improved cash flow resulted primarily from $36 million in advance payments received in the second quarter of 2007 for the AP1000 program. In addition, higher earnings and more efficient working capital management contributed to the improvement.

Segment Performance

Flow Control – Sales for the second quarter of 2007 were $163.2 million, up 26% over the comparable period last year due to solid organic growth and the contribution from the 2006 and 2007 acquisitions. Sales from the base businesses increased 14% in the second quarter of 2007 as compared to the prior year period. This organic sales growth was due to higher sales to the oil and gas market, led by increased demand for coker valve products, as well strong sales of other valves and field service work within the market as worldwide refineries continue to invest in increasing capacity, improving worker safety, and operational efficiencies. Sales of this segment were positively affected by foreign currency translation of $0.5 million in the second quarter of 2007 compared to the prior year period.

Operating income for this segment decreased 17% in the second quarter of 2007 compared to the prior year period. This segment’s organic operating income decreased 25% in the second quarter of 2007 due to cost overruns on certain U.S. Navy development contracts. In addition, labor inefficiencies, business consolidation costs, and higher material costs experienced within our oil and gas market contributed to the operating income decline. This segment continues to invest in development on certain commercial programs, which have an adverse impact on the margins in the short-term, but should provide good opportunity in the future. These items were partially offset by the higher sales volume. Operating income of this segment was minimally affected by foreign currency translation in the second quarter of 2007 compared to the prior year period.

Motion Control – Sales for the second quarter of 2007 of $138.9 million increased 13%, all organic, over the comparable period last year. This growth was due primarily to higher sales of OEM actuator and sensor products and repair and overhaul services to the commercial aerospace market, and increased sales of embedded computing products to the ground defense market,

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partially offset by lower sales to other governmental agencies. Sales of this segment were favorably affected by foreign currency translation of $1.6 million in the second quarter of 2007 compared to the prior year period.

Operating income for this segment increased 19% for the second quarter of 2007 compared to the prior year period. The operating income increase was primarily driven by higher volume and lower operating costs. These improvements were partially offset by higher production start up costs relative to new programs, lower margins resulting from less favorable sales mix, increased material costs, and unfavorable foreign currency translation of $0.1 million in the second quarter of 2007 compared to the prior year period.

Metal Treatment – Sales for the second quarter of 2007 of $63.4 million were 11% higher than the comparable period last year. The improvement was mainly due to organic sales growth of 9% and the contribution from our 2006 acquisition. The organic sales growth was driven by higher global shot peening revenues in the commercial aerospace market along with strong demand in the specialty coatings business from the automotive and commercial aerospace markets. Sales of this segment were favorably affected by foreign currency translation of $1.8 million in the second quarter of 2007 compared to the prior year period.

Operating income increased 12% for the second quarter of 2007 as compared to the prior year period, primarily as a result of the higher sales volume. Operating income of this segment was favorably affected by foreign currency translation of $0.6 million in the second quarter of 2007 compared to the prior year period.

Mr. Benante concluded, “Primarily as a result of our two recent acquisitions, we are updating our guidance for the full year 2007. We expect our revenues to be in the range of $1.50 billion to $1.52 billion; operating income in the range of $174 million to $181 million; and fully diluted earnings per share in the range of $2.10 to $2.20. The revised 2007 guidance includes minimal impact on sales, operating income, and EPS resulting from the recently announced AP1000 contract award. In addition, we are also updating our free cash flow guidance to a range of $90 million to $100 million to reflect the anticipated impact of the AP1000 program.”

“In 2007, we should once again demonstrate our ability to generate long-term shareholder value by growing our sales and earnings. Our historical performance demonstrates our ability to execute our strategy and achieve our financial targets. Our solid performance in the first half of 2007 continues this trend. We expect the second half of 2007 to be even stronger as many of our defense programs ramp up, our commercial markets continue to strengthen, and we realize additional benefits of our integration and cost control efforts. We continue to experience increased demand for our new technologies, many of which are only at the beginning of their life cycles, which should provide strong returns to our shareholders into the future. Our diversification strategy, the continued successful integration of our acquisitions, and ongoing emphasis on advanced technologies should continue to generate growth opportunities in each of our three business segments in 2007 and beyond.”

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The Company will host a conference call to discuss the second quarter 2007 results at 9:00 EST Friday, July 27, 2007. A live webcast of the call can be heard on the Internet by visiting the company’s website at www.curtisswright.com and clicking on the investor information page or by visiting other websites that provide links to corporate webcasts.

(Tables to Follow)

Curtiss-Wright Corporation, Page 6

CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per share data)

	Three Months Ended						Six Months Ended						Three Months					Six Months
	June 30,						June 30,						Change					Change
	2007			2006			2007			2006			$			%		$		%
Net sales	$	365,576		$	309,635		$	698,185		$	592,187		$	55,941		18.07	%	$	105,998	17.90	%
Cost of sales		247,553			204,082			468,775			394,573			43,471		21.30	%		74,202	18.81	%
Gross profit		118,023			105,553			229,410			197,614			12,470		11.81	%		31,796	16.09	%
Research & development expenses		11,487			11,333			22,826			21,304			154		1.36	%		1,522	7.14	%
Selling expenses		22,331			19,280			42,603			37,622			3,051		15.82	%		4,981	13.24	%
General and administrative expenses		45,488			41,442			89,849			80,784			4,046		9.76	%		9,065	11.22	%
Environmental remediation and administrative
expenses, net		162			327			324			89			(165	)	-50.46	%		235	264.04	%
Loss on sale of fixed assets		146			94			257			119			52		55.32	%		138	115.97	%
Operating income		38,409			33,077			73,551			57,696			5,332		16.12	%		15,855	27.48	%
Other income, net		466			9			1,350			313			457		5077.78	%		1,037	331.31	%
Interest expense		(5,704	)		(5,948	)		(11,204	)		(11,382	)		244		-4.10	%		178	-1.56	%
Earnings before income taxes		33,171			27,138			63,697			46,627			6,033		22.23	%		17,070	36.61	%
Provision for income taxes		11,781			6,046			22,804			13,257			5,735		94.85	%		9,547	72.01	%
Net earnings	$	21,390		$	21,092		$	40,893		$	33,370		$	298		1.41	%	$	7,523	22.55	%
Basic earnings per share	$	0.48		$	0.48		$	0.93		$	0.76
Diluted earnings per share	$	0.48		$	0.48		$	0.91		$	0.75
Dividends per share	$	0.06		$	0.06		$	0.12		$	0.12
Weighted average shares outstanding:
Basic		44,256			43,807			44,200			43,714
Diluted		44,915			44,295			44,815			44,208

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CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)

	June 30,		December 31,		Change
	2007		2006		$			%
Assets
Current Assets:
Cash and cash equivalents	$	66,777	$	124,517	$	(57,740	)	-46.4	%
Receivables, net		332,107		284,774		47,333		16.6	%
Inventories, net		207,584		161,528		46,056		28.5	%
Deferred income taxes		24,834		32,485		(7,651	)	-23.6	%
Other current assets		22,086		19,341		2,745		14.2	%
Total current assets		653,388		622,645		30,743		4.9	%
Property, plant, and equipment, net		306,257		296,652		9,605		3.2	%
Prepaid pension costs		56,646		92,262		(35,616	)	-38.6	%
Goodwill, net		507,448		411,101		96,347		23.4	%
Other intangible assets, net		194,937		158,080		36,857		23.3	%
Other assets		14,033		11,416		2,617		22.9	%
Total Assets	$	1,732,709	$	1,592,156	$	140,553		8.8	%
Liabilities
Current Liabilities:
Short-term debt	$	846	$	5,874	$	(5,028	)	-85.6	%
Accounts payable		111,453		96,023		15,430		16.1	%
Accrued expenses		83,513		81,532		1,981		2.4	%
Income taxes payable		8,141		23,003		(14,862	)	-64.6	%
Deferred revenue		110,222		57,305		52,917		92.3	%
Other current liabilities		41,547		28,388		13,159		46.4	%
Total current liabilities		355,722		292,125		63,597		21.8	%
Long-term debt		408,991		359,000		49,991		13.9	%
Deferred income taxes		53,747		57,055		(3,308	)	-5.8	%
Accrued pension & other postretirement benefit costs		39,112		71,006		(31,894	)	-44.9	%
Long-term portion of environmental reserves		20,921		21,220		(299	)	-1.4	%
Other liabilities		32,374		29,676		2,698		9.1	%
Total Liabilities		910,867		830,082		80,785		9.7	%
Stockholders' Equity
Common stock, $1 par value		47,626		47,533		93		0.2	%
Additional paid in capital		74,152		69,887		4,265		6.1	%
Retained earnings		751,099		716,030		35,069		4.9	%
Accumulated other comprehensive income		70,115		55,806		14,309		25.6	%
		942,992		889,256		53,736		6.0	%
Less: cost of treasury stock		121,150		127,182		(6,032	)	-4.7	%
Total Stockholders' Equity		821,842		762,074		59,768		7.8	%
Total Liabilities and Stockholders' Equity	$	1,732,709	$	1,592,156	$	140,553		8.8	%

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CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
SEGMENT INFORMATION
(In thousands)

	Three Months Ended								Six Months Ended
	June 30,								June 30,
							%								%
	2007			2006			Change		2007			2006			Change
Sales:
Flow Control	$	163,198		$	129,291		26.2	%	$	300,891		$	250,458		20.1	%
Motion Control		138,949			123,111		12.9	%		270,206			230,857		17.0	%
Metal Treatment		63,429			57,233		10.8	%		127,088			110,872		14.6	%
Total Sales	$	365,576		$	309,635		18.1	%	$	698,185		$	592,187		17.9	%
Operating Income:
Flow Control	$	10,030		$	12,021		-16.6	%	$	20,025		$	22,887		-12.5	%
Motion Control		15,585			13,071		19.2	%		28,870			18,126		59.3	%
Metal Treatment		12,987			11,602		11.9	%		25,957			21,182		22.5	%
Total Segments		38,602			36,694		5.2	%	$	74,852		$	62,195		20.4	%
Corporate & Other		(193	)		(3,617	)	-94.7	%		(1,301	)		(4,499	)	-71.1	%
Total Operating Income	$	38,409		$	33,077		16.1	%	$	73,551		$	57,696		27.5	%
Operating Margins:
Flow Control		6.1	%		9.3	%				6.7	%		9.1	%
Motion Control		11.2	%		10.6	%				10.7	%		7.9	%
Metal Treatment		20.5	%		20.3	%				20.4	%		19.1	%
Total Curtiss-Wright		10.5	%		10.7	%				10.5	%		9.7	%

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CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
NON-GAAP FINANCIAL DATA (UNAUDITED)
(In thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2007			2006			2007			2006
Net Cash Used by Operating Activities	$	60,802		$	35,257		$	53,104		$	1,022
Capital Expenditures		(11,909	)		(9,451	)		(23,978	)		(17,137	)
Free Cash Flow (1)	$	48,893		$	25,806		$	29,126		$	(16,115	)
Cash Conversion (1)		229	%		122	%		71	%		(48	)%

(1) The Corporation discloses free cash flow and cash conversion because the Corporation believes that they are measurements of cash flow that are available for investing and financing activities. Free cash flow is defined as net cash flow provided by operating activities less capital expenditures. Free cash flow represents cash generated after paying for interest on borrowings, income taxes, capital expenditures, and working capital requirements, but before repaying outstanding debt and investing cash or utilizing debt credit lines to acquire businesses and make other strategic investments. Cash conversion is defined as free cash flow divided by net earnings. Free cash flow, as we define it, may differ from similarly named measures used by entities and, consequently, could be misleading unless all entities calculate and define free cash flow in the same manner.

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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 a variety of metal treatment services. The firm employs approximately 6,300 people. More information on Curtiss-Wright can be found at www.curtisswright.com.

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Certain statements made in this release, including statements about future revenue, organic revenue growth, quarterly and annual revenue, net income, organic operating income growth, future business opportunities, cost saving initiatives, and future cash flow from operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. 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, electronics, marine, and industrial companies. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and subsequent reports filed with the Securities and Exchange Commission.

This press release and additional information is available at www.curtisswright.com.

Contact:	Alexandra M. Deignan
	(973) 597-4734
	adeignan@curtisswright.com