EXHIBIT 99.1

                                                         1

Company Press Release
SOURCE: Curtiss-Wright Corporation

              Curtiss-Wright Closes Acquisition Expanding Position
                          In Defense Electronics Market

LYNDHURST,  NJ - November 2, 2001 - Curtiss-Wright  Corporation (NYSE: CW) today
announced the  completion of its  acquisition  of Lau Defense  Systems (LDS) and
Vista  Controls.  Curtiss-Wright's  agreement  to acquire LDS and Vista from Lau
Acquisition Corporation was announced on October 25, 2001.

LDS  and  Vista's   total  sales  for  the  current  year  are  expected  to  be
approximately  $50 million.  Curtiss-Wright  purchased certain assets of LDS for
$41 million in cash,  the  assumption  of certain  liabilities,  and  additional
payments upon the achievement of certain financial performance criteria over the
next five years.  The  acquisition  is expected to be  immediately  accretive to
earnings.

LDS and its Vista operation design and manufacture "mission-critical" electronic
control  systems  primarily  for the defense  market.  Also acquired was the LDS
perimeter  intrusion  detection security system product line and an agreement to
definitize a license to market and manufacture Lau Technologies' latest patented
"Face in the Crowd" facial recognition  product line for certain U.S. Government
and industrial markets.

The acquisition  expands  Curtiss-Wright's  position in the defense  electronics
market.  Curtiss-Wright  currently provides  electronic aiming and stabilization
system components for European  manufacturers of military armored vehicles,  and
the  components  supplied by LDS and Vista to the U.S.  market  will  complement
those and create cross-marketing opportunities to an expanded customer base.

As  Curtiss-Wright  Chairman  and CEO  Martin  Benante  said  when  the  initial
acquisition  agreement was announced on October 25th,  "In addition to providing
Curtiss-Wright  a  position  on  many  military   modernization   programs,  the
acquisition of LDS and Vista uniquely  postures CWFS as a provider of high-level
electronic  and  mechanical  subsystems  with  broad  applicability  in new  and
existing markets."