News Releases

Curtiss-Wright Corp. (ticker: CW, exchange: New York Stock Exchange) News
Release - 28-Oct-2002

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CURTISS-WRIGHT TO ACQUIRE ELECTRO-MECHANICAL DIVISION OF
WESTINGHOUSE GOVERNMENT SERVICES COMPANY LLC
LYNDHURST, N.J., Oct 29, 2002 /PRNewswire-FirstCall via COMTEX/ --

* KEY STRATEGIC ACQUISITION FOR CURTISS-WRIGHT NAVAL AND COMMERCIAL
MARKETS * DESIGNER AND MANUFACTURER OF HIGHLY ENGINEERED CRITICAL
FUNCTION COMPONENTS FOR THE U.S. NAVY AND COMMERCIAL NUCLEAR
UTILITY MARKETS

This press release is being issued to notify that the transaction described
below has closed and to include language regarding forward-looking statements
which was omitted from the original release.

Curtiss-Wright Corporation (NYSE: CW, CW.B) announced the signing of an
agreement with Westinghouse Government Services Company LLC, for the acquisition
of its Electro-Mechanical Division (EMD). EMD is a leading designer and
manufacturer of highly engineered critical function electro-mechanical
solutions for the U.S. Navy, commercial nuclear power utilities, petrochemical
and hazardous waste industries.

EMD is a world leader in the design, development, manufacture and qualification
of the most advanced, proven and reliable critical function pumps, ship service
turbine motors, generators, secondary propulsion systems, valves, seals, control
rod drive mechanisms and power conditioning electronics. Additionally, EMD
designs and manufactures some of the most power dense electrical rotating
equipment in the world, along with the supporting power electronics. EMD
possesses excellent engineering resources and a well-developed, experienced
management team.

EMD has produced an average sales growth rate in excess of 10% per year with
sales for last year (fiscal 2001) totaling approximately $146 million.
Curtiss-Wright has agreed to acquire EMD for $80 million in cash and assumption
of certain operating liabilities. The acquisition is expected to be effective
October 29, 2002.

EMD was founded in 1952 and operated until 1998 as a major division of
Westinghouse Electric Corporation. EMD has 850 employees and is headquartered in
Cheswick, (Pittsburgh area) Pennsylvania. It operates a 630,000 square foot
manufacturing complex, which includes engineering, testing and administration
facilities. It also leases a 37,000 square foot research and development
facility which houses approximately 60 engineers, scientists, and technicians,
many of whom were part of the former Westinghouse Science and Technology Center.
Curtiss-Wright will continue operations at these facilities.

EMD has over a 50 year relationship with the United States Navy and has
designed, manufactured and tested mission-critical components for the Trident
and Seawolf submarine programs, cruiser/frigates and aircraft carriers. EMD is a
recognized contractor of choice for the U.S. Navy.









Commercially, EMD is the OEM for main coolant pumps and control rod drive
mechanisms for 140 nuclear power plants worldwide designed by Westinghouse
Electric Company. This relationship provides significant opportunities for
critical replacement parts. EMD has an exclusive teaming agreement with
Westinghouse Electric Company to provide engineering and manufacturing services
for these critical components. In addition, EMD has designed a next generation
main coolant pump targeted for the Asian and European nuclear markets.

EMD has also expanded its core competencies in order to support the needs of
non-utility commercial markets, such as the petrochemical and hazardous waste
industries. In an exclusive relationship with Brazilian oil company Petrobras,
EMD has developed a prototype sub-sea multiphase pumping station designed to
boost oil production for deep-water applications. This critical development
positions EMD to exploit the growing market for exploration and development of
sub-sea oil fields around the world.

Martin Benante, Chairman and CEO of Curtiss-Wright, stated, "The acquisition of
EMD will be a very unique and significant addition to Curtiss-Wright's portfolio
of highly engineered, state-of-the-art products for the U.S. Navy, commercial
nuclear power, petrochemical and hazardous waste industries. Strategically, it
provides the Company with an outstanding opportunity to extend its product
offerings into these key markets. The addition of EMD to Curtiss-Wright's Flow
Control business segment further strengthens our relationship with and broadens
the product base that we currently provide to one of our major customers, the
U.S. Navy. The EMD product offerings nicely complement our existing product
lines of control valves and electronic instrumentation and control technology."

"EMD's staff of more than 200 scientists and engineers enjoys a well deserved
reputation for developing comprehensive solutions to meet the many unique
demands of its customers. The strong electronics, electro-mechanical, and
engineering resources resident within the EMD organization complement and
strengthen the core competencies of both the Curtiss-Wright Flow Control
business segment and Curtiss-Wright Corporation."

Mr. Benante noted further, "The addition of EMD increases Curtiss-Wright's
position as a supplier to the defense market which, on a pro forma basis, will
represent about 45% of the Company's sales. It increases our position as a
supplier to the U.S. Navy, with which we have had a long working relationship.
Building upon this relationship should improve our future growth opportunities,
as we look to expand the products and services that we supply to this important
customer."

Curtiss-Wright Corporation is a diversified company headquartered in Lyndhurst,
New Jersey. The Company designs, manufactures and overhauls products for motion
control and flow control applications and additionally is a provider of metal
treatment services. The firm employs approximately 3,250 people. More
information on Curtiss-Wright can be found on the Internet at
http://www.curtisswright.com.

Forward-looking statements in this release are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995.









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 the 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, marine, and industrial
companies. Please refer to the Company's current SEC filings under the
Securities and Exchange Act of 1934, as amended, for further information.

This and previous press releases are available at http://www.curtisswright.com
and http://www.portfoliopr.com