Curtiss-Wright (CW) 8-K Fourth Quarter 2018 Highlights

Exhibit 99.2

 4Q and FY 2018 Earnings Conference CallFebruary 27, 2019  NYSE: CW 

 Safe Harbor Statement  Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, but content will not be updated to reflect new information that may become available after the original presentation posting. The presentation contains forward-looking statements including, among other things, management's estimates of future performance, revenue and earnings, our management's growth objectives, our management’s ability to integrate our acquisition, and our management's ability to produce consistent operating improvements. These forward-looking statements are based on expectations as of the time the statements were made only, and are subject to a number of risks and uncertainties which could cause us to fail to achieve our then-current financial projections and other expectations. This presentation also includes certain non-GAAP financial measures with reconciliations to GAAP financial measures being made available in the earnings release that is posted to our website and furnished with the SEC. We undertake no duty to update this information. More information about potential factors that could affect our business and financial results is included in our filings with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, including, among other sections, under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," which is on file with the SEC and available at the SEC's website at www.sec.gov. 

 Agenda  Review of 4Q and Full-Year 2018 PerformanceDelivering Top Quartile PerformanceFull-Year 2019 Business Outlook China Direct AP1000 Program UpdateDRG Acquisition Integration and Capital InvestmentCapital Allocation Strategy UpdateNew 3-Year Targets 

 Fourth Quarter 2018 Highlights  Net Sales up 6% overall (3% organic)Driven by solid organic growth in all commercial marketsBenefit of DRG acquisition in Power segment (+$23M)Adjusted Operating Income up 5%; Adjusted Operating Margin of 17.0%Driven by higher sales and strong profitability in Power segmentAdjusted Diluted EPS of $1.90, up 25%Reflects higher sales and strong profitability in Power segment, lower tax rate and lower share countFree Cash Flow of $214M, FCF conversion 259%   Notes: Any references to organic growth exclude the effects of foreign currency translation, acquisitions and divestitures, unless otherwise noted. Adjusted operating income, operating margin and diluted EPS exclude first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs, for current and prior year acquisitions.Free Cash Flow is defined as cash flow from operations less capital expenditures. FCF conversion is defined as free cash flow divided by net earnings from continuing operations. 

 Full-Year 2018 Highlights  Net Sales up 6% overall (3% organic)Higher sales in all end markets, led by strong naval defense and general industrial demandBenefit of DRG acquisition Adjusted Operating Income up 14%; Adjusted Operating Margin of 15.8%, up 110 bpsExceeded expectations due to improved sales and solid executionBenefited from ongoing margin improvement initiatives Adjusted Diluted EPS of $6.37, up 28%Driven by double-digit increase in operating income, lower tax rate and benefit of share repurchaseNew Orders up 6%, led by strong defense ordersAdjusted Free Cash Flow of $333M, FCF conversion 121%   Notes: Any references to organic growth exclude the effects of foreign currency translation, acquisitions and divestitures, unless otherwise noted. Adjusted operating income, operating margin and diluted EPS exclude first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs, for current and prior year acquisitions.Free Cash Flow is defined as cash flow from operations less capital expenditures. FCF conversion is defined as free cash flow divided by net earnings from continuing operations. Adjusted Free Cash Flow excludes a voluntary contribution to the Company’s corporate defined benefit pension plan of $50 million in 2018. Adjusted Free Cash Flow Conversion is calculated as adjusted free cash flow divided by net earnings from continuing operations. 

 We Are Delivering Top Quartile Performance  Target Metric  Original 5-Year Target*  2013 Reported  *Issued December 11, 2013    Achieved or Exceeded ALL Target Metrics Issued in 2013  EPS, CapEx and Free Cash Flow conversion represent performance covering fiscal years 2014 – 2018. Adjusted operating margin and diluted EPS exclude first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs, for current and prior year acquisitions. Return on Invested Capital (ROIC) is defined as NOPAT / two-year average net debt plus equity, and excludes equity from discontinued operationsWorking Capital is defined as Accounts receivable plus inventory minus accounts payable, deferred income and deferred development costs, and excludes first-year acquisitions. Free Cash Flow is defined as cash flow from operations less capital expenditures. FCF conversion is defined as free cash flow divided by net earnings from continuing operations, and excludes pension payments made in 2015 and 2018.  2018 Results(1) 

 One Curtiss-Wright Vision Driving Strong Returns (1)  Notes:Adjusted operating margin excludes first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs, for current and prior year acquisitions. Prior year results on a reported basis, not adjusted for accounting changes.  Ongoing benefits of Operating Margin improvement initiatives:Consolidations (segment structure and overhead; facilities)Portfolio rationalization (including divesting majority of oil & gas assets during 2014-2015)Operational excellence (lean and supply chain)Shared services (finance, IT and HR)Low cost economies (shifting direct labor hours to Mexico, China and India)Segment focus (improving profitability of lowest performing business units)  OPERATING MARGIN 

 One Curtiss-Wright Vision Driving Strong Returns (2)  Notes:Free cash flow is defined as cash flow from operations less capital expenditures. Free cash flow for 2015 & 2018 adjusted to remove contributions of $145 million & $50 million, respectively, to the Company’s corporate defined benefit pension plan. Adjusted Free Cash Flow Conversion is calculated as adjusted free cash flow divided by net earnings from continuing operations.  Free cash flow ($M)  Generated more than $1.5B in FCF over the past 5 years, driven by:Strong operational performanceRigorous working capital management~1,300 bps improvement since 2013Benefit of 2015 China Direct AP1000 orderFocus on efficient capital spendingAvg. FCF Conversion 155%  FREE CASH FLOW  119%  156%  141%  199%  156%  121% 

 2019E End Market Sales Growth (Guidance as of February 26, 2019)  Synchronized Growth Continues in 2019    2018  2019E  2019E % of Total Sales  Aero Defense   1%  6 - 8%  16%  Ground Defense   1%  5 - 7%   4%  Naval Defense  19%  6 - 8%  21%  Total Defense   10%  6 - 8%  41%  Commercial Aero   1%  4 - 6%  17%  Power Generation   2%  1 - 3%  17%  General Industrial    8%  1 - 3%  25%  Total Commercial   4%  1 - 3%  59%  Total Curtiss-Wright   6%  3 - 5%  100%  Note: Amounts may not add down due to rounding.  

 ($ in millions)  2018 Adjusted (1)  2019E   2019E Change vs 2018 Adjusted (1)  2019E OI / Margin Impacts  Commercial / Industrial  $1,209  $1,245 - 1,270   3 - 5%    Defense   $554  $565 - 575   2 - 4%    Power   $648  $680 - 690   5 - 7%    Total Sales  $2,412  $2,490 - 2,535   3 - 5%    Commercial / IndustrialMargin  $183 15.1%  $193 - 198 15.5% - 15.6%   6 - 9% +40 - 50 bps  Tariffs ($4M)Increased R&D ($3M)  DefenseMargin  $128 23.2%  $128 - 131 22.6% - 22.7%   0 - 2% (50 - 60 bps)  Increased R&D ($5M)Negative mix (systems)  PowerMargin  $108 16.6%  $109 - 111 16.0% - 16.1%   1 - 4% (50 - 60 bps)  DRG Transition / IT Costs ($6M)Increased R&D ($2M)Negative mix (naval defense)  Corporate and Other   ($36)   ($34 - 36)   (0 - 5%)    Total Op. IncomeCW Margin   $382 15.8%   $396 - 405 15.9% - 16.0%   4 - 6% +10 - 20 bps      2019E Financial Outlook (Guidance as of February 26, 2019)  Note: Amounts may not add down due to rounding. Adjusted operating margin excludes first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs, for current and prior year acquisitions     

 2019E Financial Outlook (Guidance as of February 26, 2019)  Note: Amounts may not add down due to rounding. Adjusted operating income and diluted EPS exclude first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs, for current and prior year acquisitions.      ($ in millions, except EPS)  2018 Adjusted (1)  2019E   2019E Change vs 2018 Adjusted (1)  Total Operating Income   $382   $396 - 405    4 - 6%  Other Income/(Expense)   $17   $19    Interest Expense   ($34)   ($33)    Provision for Income Taxes   ($83)   ($88 - 90)    Effective Tax Rate   22.6%  23.0%    Diluted EPS  $6.37  $6.80 - 6.95   7 - 9%  Diluted Shares Outstanding   44.3   43.4   

 2019E Financial Outlook (Guidance as of February 26, 2019)  ($ in millions)  2018 Adjusted (2)  2019EReported  Adjustments (3)   2019EAdjusted (3)  Free Cash Flow(1)  $333  $300 - 310  $20  $320 - 330  Free Cash Flow Conversion(1)   121%   ~103%     ~110%  Capital Expenditures   $53   $75 - 85     $75 - 85  Depreciation & Amortization  $103  $100 - 110    $100 - 110  Notes:Free Cash Flow is defined as cash flow from operations less capital expenditures. Free Cash Flow Conversion is calculated as free cash flow divided by net earnings from continuing operations. Adjusted Free Cash Flow Conversion is calculated as adjusted free cash flow divided by net earnings from continuing operations.2018 Adjusted Free Cash Flow excludes a voluntary contribution to the Company’s corporate defined benefit pension plan of $50 million.2019 Adjusted Free Cash Flow guidance excludes a $20 million capital investment in the Power segment related to construction of a new, state-of-the-art naval facility principally for the DRG business.    

 China Direct AP1000 Revenue Projection (1)  $ in millions  Total production revenue: $448M (16 reactor coolant pumps @ $28M apiece)  Revenue and margin recognition based on percentage of completion (POC) accounting methodRevenue recognition cadence expected to resemble bell curveFavorable cost performance and mitigation of risks has driven improved profitabilityContract margin remains strong at 23%+2019 - 2021+ Revenue Forecast:Initial $187MRevised $217M   

 China Direct AP1000 Revenue Projection (2)  $ in millions  Expect to fill gap through increased defense revenues (i.e. fighter jet, submarine and peak CVN-80 aircraft carrier)   

 $ in millions  China Direct AP1000 Free Cash Flow Projection  Note: Free cash flow is defined as cash flow from operations less capital expenditures  Expect to generate ~$110M in cumulative FCF Well above previous estimate of $65MHigher than expected contract profitability driving strong free cash flowBenefit of lower corporate tax rate (23%) 

 DRG Acquisition Integration & Capital Investment  Investing Capital and Resources to Drive Long-Term Margin Expansion  Constructing new, state-of-the-art naval facility in Charleston, SC$20M capital investment in 2019Long-overdue upgrades to critical steam turbine equipment Provides access to deep water ports Expect new facility to be operational in 2020  Benefits of DRG acquisitionExpanded CW shipset content and increased footprint on naval vesselsEx: Aircraft carrier content increased from $300M to $380M per shipEnabled CW to expand its Navy shipyard presence and capture more revenueStrengthened long-term relationships with nearly identical customer baseProvides long-term profitable growth 

 Capital Allocation Strategy Update  Capital Allocation 2014 - 2018  Accelerate Top-Line via Growth Investments and AcquisitionsIncrease capital allocation weighting to high quality, profitable acquisitionsContinuing more stringent and prudent approach (not serial acquirer)Efficiently utilize strong balance sheet and low leverage positionDeliver improved organic growth through increased R&D and capital investmentsContinue to return capital to shareholders through share repurchases and dividends  Major accomplishments since 2013:Returned ~$850 million to shareholders~$715M via share repurchase (8.7M shares)~$135M via dividends Completed two major acquisitions for ~$500 million in cash Spent ~$500 million on operational investmentsCapital expenditures, voluntary pension contributions and debt prepayments 

 Three Year Targets (2019 - 2021)  Delivering long-term profitable growth  (1) Adjusted operating margin and diluted EPS targets exclude first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs.  5 - 7% Total Sales CAGR17% Adjusted Operating Margin(1)Maintain top-quartile status vs. peer groupContinue to invest in CW’s future growth10% Adjusted diluted EPS Growth CAGR(1)Expect to deliver $8.50 in diluted EPS$1B Cumulative Free Cash Flow GenerationRaising min. FCF target >$300 Million annuallyAverage FCF conversion 110%Disciplined Capital Allocation StrategyIncreased focus on larger strategic acquisitions and internal growth investments 

 Appendix  Non-GAAP Financial Results The company reports its financial performance in accordance with accounting principles generally accepted in the United States of America ("GAAP"). This press release refers to "Adjusted" amounts, which are Non-GAAP financial measures described below. We utilize a number of different financial measures in analyzing and assessing the overall performance of our business, and in making operating decisions, forecasting and planning for future periods. We consider the use of the non-GAAP measures to be helpful in assessing the performance of the ongoing operation of our business. We believe that disclosing non-GAAP financial measures provides useful supplemental data that, while not a substitute for financial measures prepared in accordance with GAAP, allows for greater transparency in the review of our financial and operational performance.  Beginning with the second quarter of 2018, coinciding with the initial reporting of the DRG acquisition, the Company elected to present its financials and guidance on an Adjusted, non-GAAP basis for operating income, operating margin, net earnings and diluted earnings per share to exclude first year purchase accounting costs associated with its acquisitions, specifically one-time inventory step-up, backlog amortization and transaction costs for current and prior year acquisitions.  Management believes that this approach will provide improved transparency to the investment community in order to measure Curtiss-Wright’s core operating and financial performance, provide quarter-over-quarter comparisons excluding one-time items and show better comparisons among company peers. Reconciliations of non-GAAP to GAAP amounts are furnished with this presentation. All per share amounts are reported on a diluted basis. The following definitions are provided: Adjusted Operating Income, Operating Margin, Net Income and Diluted EPSThese Adjusted financials are defined as Reported Operating Income, Operating Margin, Net Income and Diluted EPS under GAAP excluding the impact of first year purchase accounting costs associated with acquisitions for current and prior year periods, specifically one-time inventory step-up, backlog amortization and transaction costs. 

 FY2019E End Market Sales Waterfall (Guidance as of February 26, 2019)  Guidance:Defense Markets up 6-8%Comm’l Markets up 1-3%  Industrial Controls:Medical Mobility, Industrial Automation equipment, Sensors and Controls  Industrial Vehicles:“Own the Cab” strategy49% On-highway,51% Off-Highway  Industrial Pumps & Valves:65% O&G, 35% Chem/Petro; 75% MRO, 25% projects  Non-Nuclear:Surface Technologies services (peening, coatings); Fossil power gen equipment  Note: Percentages in chart relate to Full-Year 2019E sales.  

 4Q 2018 Adjusted Operating Income / Margin Drivers  ($ in millions)  4Q’18Adjusted(1)  4Q’17Adjusted(1)  Change vs. 2017 Adjusted(1)  Key Drivers  Commercial / IndustrialMargin  $46.9 15.4%  $47.3 15.8%  (1%) (40 bps)  Impact from tariffs and restructuring actionsPartially offset by higher sales and improved profitability in sensors and controls business  DefenseMargin   36.5 24.2%   43.5 25.2%   (16%) (100 bps)  Lower sales and unfavorable absorptionIncreased R&D expenses  PowerMargin   36.5 18.9%   23.9 17.0%  52%190 bps  Higher sales and favorable absorption across naval defense, China Direct AP1000 and nuclear aftermarket businesses  Total SegmentsAdjusted Operating Income  $119.9  $114.7  4%    Corp & Other   ($9.4)   ($9.5)  0%    Total CW Adjusted Op IncomeMargin  $110.4 17.0%  $105.3 17.2%  5%(20 bps)    Adjusted operating income and operating margin exclude first year purchase accounting costs, specifically one-time inventory step-up, backlog amortization and transaction costs.  Note: Amounts may not add down due to rounding.  

     Key DriversDefense Markets (10% sales growth, 3% organic)Aerospace Defense: Higher sales of flight test and embedded computing equipment on fighter jet programs, partially offset by lower UAV salesGround Defense: Higher embedded computing sales on various domestic and int'l ground programsNaval Defense: Higher aircraft carrier revenues and contribution from DRG acquisition, partially offset by lower submarine revenues  Full-Year 2018 End Market Sales Growth  Notes: Percentages in chart relate to Full-Year 2018 sales compared with the prior year. Amounts may not add due to rounding.Any references to organic growth exclude the effects of foreign currency translation, acquisitions and divestitures, unless otherwise noted.    FY’18Change  % of Total Sales  Aero Defense   1%  16%  Ground Defense   1%   4%  Naval Defense   19%   20%  Total Defense   10%   40%  Commercial Aero   1%  17%  Power Generation   2%  18%  General Industrial    8%  25%  Total Commercial   4%  60%  Total Curtiss-Wright   6% 3% organic  100%      Commercial Markets (4% sales growth, 3% organic)Commercial Aerospace: Higher sales of sensors and controls products and surface treatment services, partially offset by lower revenues from FAA directivesPower Generation: Higher China Direct AP1000 and nuclear aftermarket revenues, partially offset by lower US AP1000 revenues General Industrial: Solid demand for industrial vehicles, valves and controls products, and surface treatment services 

 FY2018 End Market Sales Waterfall  Defense Markets up 10% (up 3% org)Comm’l Markets up 4%  Industrial Controls:Medical Mobility, Industrial Automation equipment, Sensors and Controls  Industrial Vehicles:“Own the Cab” strategy49% On-highway,51% Off-Highway  Industrial Pumps & Valves:62% O&G, 38% Chem/Petro; 75% MRO, 25% projects  Non-Nuclear:Surface Technologies services (peening, coatings); Fossil power gen equipment  Note: Percentages in chart relate to Full-Year 2018 sales.  

 2018 Sales by Segment vs. End Market (1)  Defense Segment  Power Segment  Commercial / Industrial Segment  Commercial Aerospace 30%  Commercial Aerospace 9%  Ground Defense 17%  Note: Percentages in chart relate to Full-Year 2018 sales 

 2018 Sales by Segment vs. End Market (2)  Commercial / Industrial Segment  General Industrial (47%):Industrial vehicles (on-highway, off-highway, medical mobility)Industrial valves (O&G, chemical, petrochemical)Surface Tech services (peening, coatings, analytical testing)Sensors and controls; Industrial automationCommercial Aerospace (30%):Primarily Commercial OEMActuation, sensors and controls equipmentSurface Tech services (peening, coatings)Aerospace Defense (10%):Actuation, sensors and controls equipmentSurface Tech services (peening, coatings)Naval Defense (7%):Valves for nuclear submarines and aircraft carriersPower Generation (6%):Valves; Surface Tech services (peening, coatings)  Note: Percentages in chart relate to Full-Year 2018 sales 

 2018 Sales by Segment vs. End Market (3)  Defense Segment  Aerospace Defense (48%):Commercial Off-the-Shelf (COTS) embedded computing productsAvionics and electronics; flight test equipmentAircraft data management solutionsNaval Defense (23%):COTS embedded computing productsInstrumentation and control systemsHelicopter handling solutionsGround Defense (17%):COTS embedded computing productsRefurbishment and upgrades (U.S. vehicles)Turret-drive stabilization systems (international vehicles)Commercial Aerospace (9%):Avionics and electronics; flight test equipmentAircraft data management solutions  Note: Percentages in chart relate to Full-Year 2018 sales 

 2018 Sales by Segment vs. End Market (4)  Power Segment  Power Generation (58%):Commercial nuclear aftermarket products and servicesAP1000 reactor coolant pumps (RCPs) and other new build equipmentSmall modular reactors (SMRs) componentsFossil power generation equipmentNaval Defense (42%):Nuclear propulsion equipment (pumps, steam turbines and generators) for submarines and aircraft carriersAftermarket Navy servicesElectromagnetic aircraft launching and advanced arresting gear systems  Note: Percentages in chart relate to Full-Year 2018 sales  Naval Defense 42% 

 Non-GAAP Reconciliation – Organic Results  Organic Revenue and Organic Operating Income               The Corporation discloses organic revenue and organic operating income because the Corporation believes it provides investors with insight as to the Company’s ongoing business performance.  Organic revenue and organic operating income are defined as revenue and operating income excluding the impact of foreign currency fluctuations and contributions from acquisitions made during the last twelve months.  Note: Amounts may not add due to rounding 

 Non-GAAP Reconciliations – 4Q 2018 Results  (In millions, except EPS)   4Q-2018  4Q-2017   Change  Sales  $ 648.6  $ 611.9  6%  Reported operating income (GAAP)  $ 110.0  $ 105.3   4%  Adjustments (1)  0.4  0.0  -  Adjusted operating income (Non-GAAP)  $ 110.4  $ 105.3   5%  Adjusted operating margin (Non-GAAP)  17.0%  17.2%  (20 bps)  Reported net earnings (GAAP)  $ 82.8  $ 67.8   22%  Adjustments (1)  0.4  0.0  -  Tax impact on Adjustments (1)  (0.1)  (0.0)  -  Adjusted net earnings (Non-GAAP)  $ 83.2  $ 67.8  23%  Reported diluted EPS (GAAP)  $ 1.89  $ 1.52   25%  Adjustments (1)  $0.01  $0.00  -  Tax impact on Adjustments (1)  ($0.00)  ($0.00)  -  Adjusted diluted EPS (Non-GAAP)  $ 1.90  $ 1.52  25%  Includes one-time Inventory Step-up, Backlog Amortization and Transaction costs for current and prior year acquisitions. 

 Non-GAAP Reconciliation – 2019 vs. 2018 Adjusted