8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 11, 2008

CURTISS-WRIGHT CORPORATION
(Exact Name of Registrant as Specified in Its Charter)

Delaware	1-134	13-0612970
State or Other	Commission File	IRS Employer
Jurisdiction of	Number	Identification No.
Incorporation or
Organization

4 Becker Farm Road
Roseland, New Jersey	07068
Address of Principal Executive Offices	Zip Code

Registrant's telephone number, including area code: (973) 597-4700
--------------
Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

SECTION 2 – FINANCIAL INFORMATION

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On February 11, 2008 the Company issued a press release announcing financial results for the fourth quarter and full year ended December 31, 2007. A copy of this press release is attached hereto as Exhibit 99.1. A conference call and webcast presentation will be held on Tuesday, February 12, 2008 at 10:00 am EST for management to discuss the Company's 2007 performance and 2008 guidance. Martin R. Benante, Chairman and CEO, and Glenn E. Tynan, CFO, will host the call.

     The financial press release and access to the webcast will be posted on Curtiss-Wright's website at www.curtisswright.com. For those unable to participate, a webcast replay will be available for 90 days on the Company's website beginning one hour after the call takes place. A conference call replay will also be available for 30 days by dialing (888) 203-1112 (Domestic) or (719) 457-0820 (International), and entering passcode 9245129.

     The information contained in this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this report shall not be incorporated by reference into any filing of the registrant with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filings.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a)	Not applicable.
(b)	Not applicable.
(c)	Exhibits.
	99.1 Press Release dated February 11, 2008

2

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CURTISS-WRIGHT CORPORATION
By:	/s/ Glenn E. Tynan
	Glenn E. Tynan
	Vice-President and
	Chief Financial Officer

Date: February 11, 2008

3

	EXHIBIT INDEX
Exhibit
Number	Description
99.1	Press Release, dated February 11, 2008

4

EX-99.1

FOR IMMEDIATE RELEASE

CURTISS-WRIGHT REPORTS 2007 FINANCIAL RESULTS
- - -

Sales up 24%; Operating Income up 27%; Net Earnings up 30%;
12^th Consecutive Year of Revenue Growth

ROSELAND, NJ – February 11, 2008 – Curtiss-Wright Corporation (NYSE: CW) today reports financial results for the fourth quarter and full year ended December 31, 2007. The highlights are as follows:

Fourth Quarter 2007 Operating Highlights

• Net sales for the fourth quarter of 2007 increased 32% to $497.7 million from $378.2 million in the fourth quarter of 2006.

• Operating income in the fourth quarter of 2007 increased 34% to $61.1 million from $45.7 million in the fourth quarter of 2006.

• Net earnings for the fourth quarter of 2007 increased 43% to $38.3 million, or $0.85 per diluted share, from $26.8 million, or $0.60 per diluted share, in the fourth quarter of 2006.

Full Year 2007 Operating Highlights

• Net sales for 2007 increased 24% to $1,592.1 million from $1,282.2 million in 2006.

• Operating income in 2007 increased 27% to $179.2 million from $140.6 million in 2006.

• Net earnings in 2007 increased 30% to $104.3 million, or $2.32 per diluted share, from $80.6 million, or $1.82 per diluted share, in 2006.

• New orders received in 2007 were $1,870.4 million, up 40% compared to 2006. At December 31, 2007, our strong backlog was $1,303.8 million, up 49% from $875.5 million at December 31, 2006.

Curtiss-Wright Corporation, Page 2

“We are pleased to report our twelfth consecutive year of revenue growth. More importantly, we were able to achieve operating income and net earnings growth in excess of our sales growth again in 2007,” commented Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. “Our strong operating income performance in 2007 was led by our Metal Treatment and Motion Control segments, which experienced organic operating income growth of 19% and 18%, respectively, over 2006. From a market perspective, our commercial markets had another robust year with 19% organic sales growth, driven primarily by organic growth of 45% in the oil and gas market and 13% in the commercial aerospace market. Our strong backlog is a clear indication of the success of our products and programs and provides great momentum heading into 2008. We have made significant progress on our facility expansion to build reactor coolant pumps for China’s AP1000 plants. This effort solidifies our leadership in this new advanced nuclear plant design as we remain optimistic about new nuclear power plant construction domestically and internationally. Finally we continue to invest in a number of military and commercial development programs anticipating these investments to provide future growth opportunities and improved profitability.”

Sales

Sales growth in the fourth quarter and full year was driven primarily by strong organic growth in our base businesses and contributions from our 2006 and 2007 acquisitions. Organic sales growth was 14% and 13% in the fourth quarter and the full year ended December 31, 2007, respectively, compared to the prior year periods. This organic sales growth was due to the strength of all three of our operating segments, each of which experienced double-digit organic growth as compared to the prior year periods. Our 2006 and 2007 acquisitions contributed $66.8 million and $142.1 million in incremental revenue in the fourth quarter and full year of 2007, respectively, compared to the prior year periods.

In our base businesses, higher sales from our Flow Control segment to the oil and gas and power generation markets, higher sales from our Motion Control segment to naval and aerospace defense markets and the commercial aerospace market, and higher sales from our Metal Treatment segment to most of their markets served, all contributed to the quarterly and full year organic sales growth. In addition, foreign currency translation positively impacted fourth quarter and full year 2007 sales by $5.3 million and $17.4 million, respectively, as compared to the prior year period.

Operating Income

Operating income in 2007 increased 34% and 27% for the fourth quarter and full year, respectively, over the comparable 2006 periods. Overall organic operating income growth was 21% and 20% for the fourth quarter and full year 2007, respectively, as compared to the prior year periods. The organic operating income growth in the fourth quarter was led by our Flow Control and Metal Treatment segments, which experienced strong organic growth of 23% and 15%, respectively, over the prior year periods. The improvement in these segments was mainly due to higher volume and cost controls. The Flow Control segment also benefited from operating efficiencies gained in 2007. Organic operating income for our Motion Control segment decreased 3%, mainly due to less favorable sales mix, increased development work, unfavorable foreign currency translation, as well as strategic investments on certain development contracts which we anticipate will provide us entry into new market segments and programs. Our 2006 and 2007 acquisitions contributed $5.3 million and $10.3 million of incremental operating income in the fourth quarter and full year 2007, respectively.

Curtiss-Wright Corporation, Page 3

Our consolidated operating margin increased 20 basis points in the fourth quarter and 30 basis points for the full year of 2007 as compared to the prior year periods. Non-segment corporate operating expense decreased $3.4 million and $7.5 million for the fourth quarter and full year of 2007, respectively, over the comparable prior year periods. Foreign currency translation unfavorably impacted operating income by $3.3 million and $2.6 million for the fourth quarter and full year of 2007, respectively, compared to the prior year periods.

Net Earnings

Net earnings increased 43% and 30% for the fourth quarter and full year 2007, respectively, over 2006. The improvement was achieved by strong operating income and higher non-operating income, primarily the result of higher investment income associated with higher average cash balances in 2007. Our effective tax rate for 2007 was 32.2% versus 31.5% for 2006. Higher interest expense for the fourth quarter and full year 2007 was due to higher debt levels resulting from our recent acquisitions and slightly higher interest rates, as compared to the prior year period.

Cash Flow

Net cash provided by operating activities for the full year 2007 was $139.1 million, down slightly from the $143.9 million in 2006. Our 2007 free cash flow, defined as cash flow from operations less capital expenditures, was $84.7 million for 2007 as compared to $103.7 million in 2006. Higher capital expenditures, inventory, and receivables to support increased sales were partially offset by higher earnings and advance payments.

Segment Performance

Flow Control – Sales for the fourth quarter of 2007 were $254.6 million, up 52% over the comparable period last year due to solid organic growth and the contribution from the 2006 and 2007 acquisitions. Organic sales growth was 15% in the fourth quarter of 2007 over the comparable prior year period. This organic sales growth was driven by higher sales to the oil and gas market, led by increased demand for our coke deheading systems, as well as strong sales of other products and services within the market. In addition, higher commercial nuclear power sales resulted from the timing of customer maintenance and replacement schedules and the addition of new teaming partners. These market improvements were partially offset by lower sales to the U.S. Navy due to the timing of their procurement cycles for the aircraft carrier and submarine programs. In the fourth quarter of 2007, acquisitions made since September 30, 2006 contributed $60.9 million in incremental sales over the comparable prior year period. Sales of this segment were positively affected by foreign currency translation of $0.5 million in the fourth quarter of 2007 compared to the prior year period.

Operating income for this segment increased 47% in the fourth quarter of 2007 over the comparable prior year period. This segment achieved organic operating income growth of 23% in the fourth quarter of 2007 mainly due to higher sales volume and improved operating performance resulting from our businesses that were consolidated in 2006. Operating margin was down slightly in 2007 as the above benefits were offset by less favorable product mix. This segment continues to invest in development programs, which have an adverse impact on the margins in the short-term, but should provide good growth opportunities in the future. In the

Curtiss-Wright Corporation, Page 4

fourth quarter of 2007, acquisitions made since September 30, 2006 contributed $5.7 million in incremental operating income over the comparable prior year period. Operating income of this segment was unfavorably affected by foreign currency translation of $1.3 million in the fourth quarter of 2007 compared to the prior year period.

Motion Control – Sales for the fourth quarter of 2007 were $178.3 million, an increase of 17% over the comparable period last year. This improvement was due primarily to organic sales growth of 13% and the incremental contribution from our 2007 acquisition of $5.9 million. The organic sales growth was driven by higher sales of embedded computing and marine defense products to the naval and aerospace defense markets. These increases were mainly driven by increased demand for our products and new programs, such as the Future Combat System and DDG Destroyer. In addition, higher sales of sensors and controllers to the general industrial market also contributed to the sales improvement. Sales of this segment were favorably affected by foreign currency translation of $2.3 million in the fourth quarter of 2007 compared to the prior year period.

Operating income for this segment decreased 3% for the fourth quarter of 2007 over the comparable prior year period. The benefit of the higher sales volume noted above and cost reduction efforts was more than offset by less favorable mix in our commercial aerospace and military markets, which included more development on key programs. In addition we made strategic investments on certain new development contracts within our embedded computing business which should enable us to gain entry into new market segments. This segment also increased its research and development activities to support other strategic initiatives. Foreign currency translation negatively impacted operating income by $2.7 million in the fourth quarter of 2007 compared to the prior year period, primarily due to our Canadian operations.

Metal Treatment – Sales for the fourth quarter of 2007 of $64.8 million were 13% higher than the comparable period last year, all of which was organic growth. This segment experienced growth in all of its markets and primary service offerings. The main drivers were higher global shot peening revenues, primarily in the commercial and defense aerospace and automotive markets, along with strong demand in the specialty coatings business from the general industrial markets. Sales of this segment were favorably affected by foreign currency translation of $2.5 million in the fourth quarter of 2007 compared to the prior year period.

Operating income increased 15% for the fourth 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 $0.7 million in the fourth quarter of 2007 compared to the prior year period.

2008 Management Guidance

For the full year 2008, management expects to achieve total revenues in the range of $1.83 billion and $1.85 billion. We anticipate operating income in the range of $215 million to $222 million, including $8 million of Curtiss-Wright pension plan expense, and fully diluted earnings per share (EPS) to be in the range of $2.55 and $2.65. Our EPS guidance assumes an average of 46 million shares outstanding and an effective tax rate of 36%. In addition, we are expecting free cash flow, defined as cash flow from operations less capital expenditures, to be between $70

Curtiss-Wright Corporation, Page 5

million and $80 million in 2008, which includes approximately $40 million for our EMD facility expansion in Cheswick, PA.

Mr. Benante concluded, “In 2007, we successfully executed our strategy, generating long-term shareholder value as a result of our strong, profitable growth and balanced capital deployment. We experienced double-digit organic growth in each of our segments and we made strategic acquisitions in commercial markets that we expect to provide accelerated growth in 2008 and beyond. Our confidence in our future performance is reflected in our 33% dividend increase which we announced last September. Despite indications of softness in the U.S. economy and challenging foreign exchange markets, we anticipate producing another year of double-digit profitable growth in 2008 based on our solid backlog, our key positions on long-term defense programs and the strong demand for our advanced technologies, which provide significant life cycle benefits for our customers. Since 2000, the beginning of the last economic downturn, we have continued to demonstrate our ability to produce organic growth while successfully reinvesting in both our technologies and select acquisitions in order to enhance our portfolio and market diversification and deliver superior value to our shareholders.”

**********

The Company will host a conference call to discuss the 2007 results and 2008 outlook at 10:00 A.M. EST Tuesday, February 12, 2008. 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								Twelve Months Ended
		December 31,					Change			December 31,					Change
		2007			2006		%			2007			2006		%
Net sales	$	497,671		$	378,167		31.6	%	$	1,592,124		$	1,282,155		24.2	%
Cost of sales		333,277			250,720		32.9	%		1,068,500			851,076		25.5	%
Gross profit		164,394			127,447		29.0	%		523,624			431,079		21.5	%
Research & development expenses		12,448			10,310		20.7	%		47,929			38,841		23.4	%
Selling expenses		25,737			19,543		31.7	%		92,129			76,547		20.4	%
General and administrative expenses		65,064			51,913		25.3	%		204,382			175,063		16.7	%
Operating income		61,145			45,681		33.9	%		179,184			140,628		27.4	%
Other income, net		788			(407	)	(293.6	%)		2,369			(112	)	(2215.2	%)
Interest expense		(8,466	)		(5,791	)	46.2	%		(27,382	)		(22,894	)	19.6	%
Earnings before income taxes		53,467			39,483		35.4	%		154,171			117,622		31.1	%
Provision for income taxes		15,208			12,640		20.3	%		49,843			37,053		34.5	%
Net earnings	$	38,259		$	26,843		42.5	%	$	104,328		$	80,569		29.5	%
Basic earnings per share	$	0.86		$	0.61				$	2.35		$	1.84
Diluted earnings per share	$	0.85		$	0.60				$	2.32		$	1.82
Dividends per share	$	0.08		$	0.06				$	0.28			0.24
Weighted average shares outstanding:
Basic		44,470			43,972					44,313			43,826
Diluted		45,219			44,575					44,979			44,334

Curtiss-Wright Corporation, Page 7

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

		December 31,		December 31,	Change
		2007		2006		$		%
Assets
Current Assets:
Cash and cash equivalents	$	66,520	$	124,517	$	(57,997	)	(46.6	%)
Receivables, net		392,918		284,774		108,144		38.0	%
Inventories, net		241,728		161,528		80,200		49.7	%
Deferred income taxes		30,208		32,485		(2,277	)	(7.0	%)
Other current assets		26,807		19,341		7,466		38.6	%
Total current assets		758,181		622,645		135,536		21.8	%
Property, plant, & equipment, net		329,657		296,652		33,005		11.1	%
Prepaid pension costs		73,947		92,262		(18,315	)	(19.9	%)
Goodwill, net		570,419		411,101		159,318		38.8	%
Other intangible assets, net		240,842		158,080		82,762		52.4	%
Other assets		12,514		11,416		1,098		9.6	%
Total Assets	$	1,985,560	$	1,592,156	$	393,404		24.7	%
Liabilities
Current Liabilities:
Short-term debt	$	923	$	5,874	$	(4,951	)	(84.3	%)
Accounts payable		137,401		96,023		41,378		43.1	%
Accrued expenses		103,207		81,532		21,675		26.6	%
Income taxes payable		13,260		23,003		(9,743	)	(42.4	%)
Deferred revenue		105,421		57,305		48,116		84.0	%
Other current liabilities		38,403		28,388		10,015		35.3	%
Total current liabilities		398,615		292,125		106,490		36.5	%
Long-term debt		510,981		359,000		151,981		42.3	%
Deferred income taxes		62,416		57,055		5,361		9.4	%
Accrued pension & other postretirement benefit costs		39,501		71,006		(31,505	)	(44.4	%)
Long-term portion of environmental reserves		20,856		21,220		(364	)	(1.7	%)
Other liabilities		38,406		29,676		8,730		29.4	%
Total Liabilities		1,070,775		830,082		240,693		29.0	%
Stockholders' Equity
Common stock, $1 par value		47,715		47,533		182		0.4	%
Additional paid in capital		82,533		69,887		12,646		18.1	%
Retained earnings		807,413		716,030		91,383		12.8	%
Accumulated other comprehensive income		93,327		55,806		37,521		67.2	%
		1,030,988		889,256		141,732		15.9	%
Less: cost of treasury stock		116,203		127,182		(10,979	)	(8.6	%)
Total Stockholders' Equity		914,785		762,074		152,711		20.0	%
Total Liabilities and Stockholders' Equity	$	1,985,560	$	1,592,156	$	393,404		24.7	%

Curtiss-Wright Corporation, Page 8

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

	Three Months Ended								Twelve Months Ended
	December 31,								December 31,
							%								%
		2007			2006		Change			2007			2006		Change
Sales:
Flow Control	$	254,551		$	167,844		51.7	%	$	746,253		$	548,121		36.1	%
Motion Control		178,302			152,966		16.6	%		591,032			509,462		16.0	%
Metal Treatment		64,818			57,357		13.0	%		254,839			224,572		13.5	%
Total Sales	$	497,671		$	378,167		31.6	%	$	1,592,124		$	1,282,155		24.2	%
Operating Income:
Flow Control	$	34,718		$	23,641		46.9	%	$	73,476		$	60,542		21.4	%
Motion Control		21,211			21,806		(2.7	%)		64,837			55,242		17.4	%
Metal Treatment		12,326			10,755		14.6	%		50,880			42,385		20.0	%
Total Segments		68,255			56,202		21.4	%	$	189,193		$	158,169		19.6	%
Corporate & Other		(7,110	)		(10,521	)	(32.4	%)		(10,009	)		(17,541	)	(42.9	%)
Total Operating Income	$	61,145		$	45,681		33.9	%	$	179,184		$	140,628		27.4	%
Operating Margins:
Flow Control		13.6	%		14.1	%				9.8	%		11.0	%
Motion Control		11.9	%		14.3	%				11.0	%		10.8	%
Metal Treatment		19.0	%		18.8	%				20.0	%		18.9	%
Total Curtiss-Wright		12.3	%		12.1	%				11.3	%		11.0	%

Curtiss-Wright Corporation, Page 9

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

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
		2007			2006			2007			2006
Net Cash Provided by Operating	$	92,943		$	118,608		$	139,136		$	143,871
Activities
Capital Expenditures		(18,937	)		(12,276	)		(54,433	)		(40,202	)
Free Cash Flow (1)	$	74,006		$	106,332		$	84,703		$	103,669
Cash Conversion (1)		193	%		396	%		81	%		129	%

(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.

Curtiss-Wright Corporation, Page 10

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 7,500 people. More information on Curtiss-Wright can be found at www.curtisswright.com.

###

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