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Atari2011 Business Overview Technologies that Matter 2011 Business Overview | 1 Curtiss-wright technologies…. 2 | Curtiss-wright support the safety of commercial nuclear power plants that provide a clean energy source to help meet the worldwide demand for electricity. ensure the reliability of commercial passenger aircraft for travelers around the world. enhance the performance of refineries that produce vital fuel products across the globe. Curtiss-Wright has always focused on delivering advanced engineered technologies that are reliable, responsive, flexible, and affordable to address the most critical challenges facing our customers. we provide technologies that matter. we began with airplanes designed by the legendary inventors and aviation pioneers Glenn Curtiss and Orville and Wilbur Wright. Today, you can find our technologies in an amazing array of sophisticated applications across commercial aerospace, defense, energy, industrial, and other commercial markets. Curtiss-wright strategically concentrates on ensuring the safe and reliable performance of nuclear submarine and aircraft carrier propulsion systems, commercial nuclear power plants, oil and gas refineries, commercial aircraft, manned and unmanned military vehicles and aircraft, and a variety of other highly technical applications where safety is critical. The constant evolution of our business is a testament to our ability to expand our vast portfolio of highly engineered products and services through ongoing innovation to respond to the new challenges our customers present to us. Curtiss-Wright continually meets the very difficult but high- value performance, reliability, and safety requirements of key customers in a variety of difficult operating environments. we do so with technologies that matter. Table of Contents 2 nuclear Power Technologies 4 surface Technologies 6 Oil and Gas Technologies 8 Defense electronics Technologies 10 14 15 Letter to shareholders 2011 Acquisitions segment information 19 Historical Financial Performance 20 Auditor’s Opinion 21 22 23 24 Consolidated statements of earnings Consolidated Balance sheets Consolidated statements of Cash Flows shareholder information 2011 Business Overview | 1 Commercial nuclear power A plants currently provide 2.6 trillion kilowatt hours of electricity — almost 14% of the world’s total electricity. (Nuclear Energy Institute) B C nuclear Power Technologies utilities are upgrading nuclear power plants to support higher power output and extend operating licenses to help meet the need for reliable, inexpensive power generation with no greenhouse gas emissions. improving capacity and enhancing condition and enhancing plant safety we designed the world’s most safety for a fleet of operating reactors, has never been more important for advanced reactor coolant pump for where half of the plants are over 30 the nuclear industry. events such as westinghouse’s AP1000® reactor design. years old, is the challenge facing those that took place at the Fukushima As the industry’s leader in equipment utilities today. Curtiss-wright is a key Daiichi nuclear plant in Japan in qualification, we support many other supplier of a broad range of products 2011 highlight the importance and suppliers by testing their products at our and services for both currently need for our expertise and products. labs to ensure they can withstand worst- operating reactors as well as new we offer the latest technologies in case, postulated conditions. nuclear plant construction worldwide. plant process computer upgrades, Curtiss-wright has an installed base of products at every nuclear plant in the u.s. To keep plants operating at maximum efficiency, we support our probabilistic risk assessment, equipment reliability products, on-board equipment diagnostics, and non-destructive testing and inspection services. Curtiss-wright has supported the commercial nuclear power market since the first nuclear plant went online and continues to invest in new technology to make plants safer and more reliable. customers with technical expertise, nuclear plant refueling outages occur we are well positioned to respond to spare parts, upgrades, and repair services. every 18-24 months. it is critical to the considerable demand for products Many suppliers abandoned the industry minimize the amount of time the plant as advanced nuclear plants are during its downturn in the 1980s. it is is shut down and to ensure that all designed and constructed in the u.s. estimated that each nuclear plant has activities are conducted with the utmost and across the globe. Curtiss-wright approximately 20,000 obsolete parts regard for unwavering personnel safety remains keenly focused on enhancing for which replacements are not readily with minimal radiation exposure, as well the performance of operating plants available. Curtiss-wright proactively as enhanced attention to reactor safety. that are essential to the supply of safe, works with utilities to define, prioritize, Curtiss-wright supports each of these clean, and economical energy. and solve obsolescence issues using vital goals. The use of our Hydranut® a myriad of strategies. Degradation of technology shaves crucial days off of equipment necessitates the need for outage time by providing a safer method innovative, economical replacement of tensioning reactor heads. Our nozzle options that can be implemented with dams seal reactor coolant piping; our minimal impact to plant operations. An Pop-a-Plugs® isolate leaking heat example is Curtiss-Wright’s NETCO-SNAP- exchanger tubes; and our Volumetrics in® inserts, which mitigate deterioration products verify containment seal of neutron absorbing material in spent integrity. These are just a few of the many fuel pools. Curtiss-wright is a vanguard of Curtiss-wright products that are integral to supporting successful plant outages. inspection, assessment, and condition new construction of nuclear plants monitoring technology for critical offers substantial opportunity for nuclear plant equipment. The need Curtiss-wright to provide our most for accurately assessing equipment sophisticated products and services. (A) The NETCO-SNAP IN® is a patented neutron absorbing product that extends the useful life of nuclear fuel storage racks submerged in the spent fuel pools at power plants. (B) Our expertise in upgrading and replacing nuclear power plant process computer systems with the latest technology and performance software for real time or offline monitoring helps customers improve operating efficiency, safety, performance, and knowledge. (C) The HydraNut® bolting technology significantly reduces maintenance time and improves worker safety by minimizing personnel exposure to hazardous environments. 2011 Business Overview | 3 A Long-range projected growth in passenger and cargo air traffic will require the world’s commercial aircraft fleet to add up to 33,500 new airplanes over the next 20 years. (Boeing Current Market Outlook 2011-2030) B C 4 | Curtiss-wright surface Technologies Technology advances in aerodynamics, more fuel-efficient turbine engines, and increased use of stronger and lighter materials are enabling aircraft original equipment manufacturers (OeMs) to reduce fuel costs on their latest generation aircraft. Through its surface treatment technologies, for aerospace applications. we apply specialized coatings are used to protect Curtiss-wright is supporting aircraft and critical thermal barrier coatings to brake rotors, ball studs, fasteners, and turbine engine designers by enabling components that operate in the very stampings in automotive applications. longer life and enhanced performance hottest sections of gas turbine engines, from metal alloys operating in harsh often at temperatures in excess of environments where they are subjected 2,000° F. Other specialized coatings for to fatigue, corrosion, heat, and wear. the aerospace industry include dry film Curtiss-wright uses both traditional shot peening and its advanced laser peening process to strengthen key structural components of commercial airframes and turbine engines. shot peening imparts a lubricant coatings for fasteners, parylene conformal coatings for electronics, and environmentally friendly thermal spray coatings for landing gear and flight control components. Most importantly, Curtiss-wright continues to expand the use of its technologies in applications where performance and safety are essential. Advanced wear coatings such as tungsten carbides and chrome carbides present multiple opportunities for our coatings technology across a broad range of industries. we are using the beneficial compressive stress to a metal A recent addition to Curtiss-wright’s experience gained in applying advanced surface, which improves its ability to technical service capabilities is analytical thermal barrier coatings to flight turbine resist metal fatigue. shot peen forming is services for failure analysis, as well as components to now support OeMs of also used by Curtiss-wright to shape the mechanical and chemical testing to industrial gas turbines with coatings for wing skins of various commercial aircraft. ensure the integrity of the design and the control of wear, corrosion, oxidation, Laser peening is a prime example of how Curtiss-wright develops new technologies organically. It is used on extremely critical parts to impart a compressive stress at the surface that is four times deeper than that achievable from conventional shot peening. Laser peening accomplishes manufacturing processes for critical metal, and solid particle erosion. similarily, ceramic, and composite components. such the application of laser peening testing is utilized in raw material selection has extended from its initial use on and validation during the design phase commercial flight turbine engines to and on-going quality assurance, process the protection of industrial gas turbine verification, and finished goods testing airfoils from fretting wear and foreign during the production phase. object damage. The industrial gas turbine this by directing a controlled laser pulse Apart from aerospace applications, with the instantaneous power output of Curtiss-wright’s surface treatment a 1,000-megawatt nuclear power plant technologies also protect components market is forecasting healthy growth due to the abundance of low-cost natural gas reserves around the world. for a period of 20 billionths of a second in other demanding markets, including The outlook for Curtiss-wright’s growth in onto the surface of a part. This advanced power generation, oil and gas, ground surface treatment technologies is strong, technology also has applications in transportation, and general industrial. particularly in light of the projected forming selected wing skins on Boeing’s shot peening is applied to protect increases in commercial aircraft production newest 747-8 aircraft. suspension, steering, and power train rates and continued recovery in the world Additionally, our technical services portfolio includes the development and use of highly specialized coatings systems in passenger cars, construction economies. As a result, future opportunities vehicles, recreational vehicles, commercial abound for additional utilization of our trucking, and competitive racing. value added technologies. (A) Programming of the robotic movements for Curtiss-Wright’s proprietary advanced beam delivery system assures the precision laser peening of a commercial aircraft turbine engine airfoil. (B) Protective coatings applied by thermal spray technology help industrial gas turbine hot section airfoils resist oxidation and corrosion while operating at temperatures in excess of 2,000°F. (C) High-magnification analysis using a scanning electron microscope is an effective analytical procedure for identifying failed solder joints on a printed circuit board. 2011 Business Overview | 5 A By 2050, total fuel demand in all transport modes is projected to increase by 30% to 82%, driven mainly by the need for gasoline, diesel, fuel oil, and jet fuel for trucks, buses, trains, ships, and airplanes. (World Energy Council) B Oil and Gas Technologies There is an ongoing need for innovative technologies, services, and systems that drive significant advances in performance, safety, and reliability in the oil and gas industry. Customers turn to Curtiss-wright for The “total system” scope of products Curtiss-wright’s technological advances one-of-a-kind solutions in the form and services offered by Curtiss-wright substantially reduce wear and erosion, of specialized valves, pumps, controls, provides refiners reduced project and leverage digital technology for and process systems for refineries in overhead cost and improved safety, enhanced operation and diagnostics. Our established and emerging markets. reliability, and maintenance. This iPrsM® system serves as a one-source Our advanced technologies create an economic path to improve and upgrade entire systems. within the delayed coking unit at refineries, for example, we produce complete systems including top and bottom unheading valves, approach offers the convenience of solution for the management of pressure dealing with a single supplier for relief systems by enabling automated multiple, integrated, highly engineered verification, analysis, documentation, and products, rather than many individual, full compliance with regulatory codes uncoordinated vendors supplying and industry standards over the life cycle independent products. of processing facilities. center feed injection nozzles, isolation Curtiss-wright also has developed and Moreover, Curtiss-wright’s patented valves, coke cutting and boring tools, acquired a broad range of technology large valve designs permit removal fully integrated hydraulics and controls and manufacturing capacity to upgrade of operating components as unitized systems, and large diameter coke-drums. existing facilities to improve worker sub-assemblies, eliminating the need to By offering complete systems rather than simply individual products, Curtiss-wright provides profound value to its customers and expands growth opportunities for its core business. within delayed coking, the “total system” approach can provide individual products up to and safety, to require fewer and shorter remove the entire valve from the system, maintenance shutdowns, and to enhance thus avoiding a production line shutdown efficiency in plant processes. Our for an extended period. Systems that electro-hydraulic controlled slide valves previously required extensive maintenance and actuator systems not only enable every two years can now operate up efficient, reliable operations, but they to twice as long before scheduled also extend the operating cycle of these maintenance – an attractive value units in refineries. proposition in an industry that traditionally estimates $1 million in lost revenue for each day of shutdown. including full site engineering services, replacement and upgrades of valves integrated hydraulics and controls used in the critical stages of refining systems, safety systems and services, and processing operations are custom and site installation. designed and manufactured, and benefit from improvements in metallurgy and technology unavailable when the plant was originally built. no two valves are alike. each valve is designed to a specific temperature, pressure, flow, and diameter, and for a specific process in a specific geographic environment. (A) The DeltaGuard® coke-drum top unheading valve – when integrated with the bottom unheading valve, isolation valves, cutting and boring tool, and control and automation systems – provides a remotely operated, intrinsically safe coke-drum unheading system that yields significant reductions in delayed coking time and both operational and maintenance costs. (B) This regenerator will serve an instrumental role in the production of petroleum products at the Esmeraldas Refinery in Ecuador. The super vessel measures 33 feet in diameter, 118 feet in length, weighs 1.3 million pounds, and has an internal operating temperature of 1,450ºF. The new fluid catalytic cracking unit (FCCU) in which it will operate will allow the refinery to increase its total output to 110,000 barrels per day, a 20% increase. 2011 Business Overview | 7 y t i r u c e S / C E S P O d n a 4 2 0 3 2 5 D o D r e p . , d e t i m i l n u . ) 1 1 0 2 r e b m e t p e S 9 2 ( d e t c u d n o c w e i v e R A Advanced defense electronics technologies addressing intelligence, surveillance, and reconnaissance (isr) applications enable far- reaching advances in military capability, efficiency, and safety. n o i t u b i r t s i d ; e s a e l e R c i l b u P r o f d e v o r p p a n o i t u b i r t s i D B C 8 | Curtiss-wright Defense electronics Technologies Battle force protection and tactical success rely on sophisticated computing products and electronics that must perform reliably in extremely harsh environments. In the networked battlefield, robustness Curtiss-wright’s COTs-based embedded Combat vehicle program and the u.K. must counter vulnerability. Moreover, computing for the defense industry Future rapid effect system vehicles. Our various battlefield systems need to work provides a unique “plug & play” approach technologies are poised to provide the together seamlessly. that distinguishes us in the market. This digital backbone for upgrades to the u.s. Curtiss-wright is the premier supplier of rugged, sophisticated-but-affordable electronics designed to survive in austere, chaotic battlefields and maintain situational awareness and operational enables customers to weave together Abrams, Bradley, and stryker families defense systems as rapidly as changing that are currently in service. circumstances warrant and provides a compelling value proposition to encourage customer outsourcing. we also are involved in C4isr systems that provide coverage at sea, including the Broad Area Maritime surveillance effectiveness for our ground, air, and Our defense electronics technologies (BAMs) unmanned Aircraft system, as naval forces – from the tactical edge to play a vital role in aerospace, naval, and well as manned airborne platforms such the battlefield command post. ground defense applications. whether it as the P-8A Poseidon Multi-mission is through new development programs or Maritime Aircraft. Computing products require ruggedization and security to protect their capabilities in dangerous conditions where performance matters most. This equipment needs to function flawlessly in the very the modernization of existing platforms, Curtiss-wright is integrally involved in providing a networked battlefield to achieve situational awareness superiority. The use of COTs-based embedded computer systems and advanced sensor technologies are core to the battlefield of the future. Curtiss-wright’s leadership environment where it is most vulnerable Of particular importance is our position in these markets will support to damage or compromise. support of the C4isr functions of strong growth for years to come. Curtiss-wright’s defense electronics products and systems offer superior reliability through open architecture and standards-based commercial off-the-shelf (COTs) technology that affordably enhance performance and interoperability while avoiding obsolescence. Defense customers have come to rely on the durability and reliability of Curtiss-wright’s suite of sophisticated embedded computing systems that provide seamless operation across a variety of ground, air, and sea Command, Control, Communications, Computers, intelligence, surveillance, and reconnaissance (C4isr) mission needs. collection, processing, exploitation, and dissemination of information of interest that supports military and government users. in the air, we provide sophisticated, custom-designed systems and subsystems for leading programs such as the F-35 Joint strike Fighter, Global Hawk unmanned Aerial vehicle (uAv), and various rotorcraft platforms, including the Blackhawk and Apache. On the ground, we are intently focused on increasing soldiers’ situational awareness to keep them safe and provide actionable information about enemy activity. we are supporting development of the next generation of fighting vehicles such as the U.S. Ground Furthermore, Curtiss-wright’s technology spans a wide array of defense customers, domestically and internationally, limiting our exposure to individual program delays and cancellations. regardless of Pentagon spending trends, Curtiss-wright is confident that, given our broad range of customers, leading-edge product portfolio, extensive installed base, and worldwide coverage, we will continue to perform well in our defense markets. (A) Defense electronics from Curtiss-Wright provide the open architecture processing performance required in the U.S. Marine Corps’ Ground/Air Task Oriented Radar (G/ATOR) Program, a multi-role radar system that benefits the military through increased range, accuracy, tactical mobility, and reliability. (B) The P-8A Poseidon Multi-mission Maritime Aircraft, designed to provide long- range surveillance and reconnaissance, utilizes a variety of Curtiss-Wright technologies, including our single board computer, data communication, sensors, and graphics and video products. (C) Our advanced integrated mission and sensor management system is integral to the U.S. Navy BAMS Unmanned Aircraft System’s mission of protecting the fleet through persistent surveillance. 2011 Business Overview | 9 Dear shareholders: The theme of this year’s business overview highlights a core competency of Curtiss-wright: Technologies that Matter. with a history of dedication to engineering and innovation, we have continually shown the ability to adapt and evolve with the ever-changing environments in which we participate. At the root of this flexibility is our technological expertise. We have compiled an extensive product offering of critical technologies, tactically building the Company through solid organic growth and strategic acquisitions. Most importantly, our technologies provide increased safety, reliability, and performance in the most demanding environments, serving numerous customers across a multitude of industries. As a result of our dedication to technological leadership, i am pleased to report solid growth in sales and profitability in 2011 which should position us well for future years. in fact, Curtiss-wright produced a 9% increase in sales, along with double- digit growth in operating income and earnings per share in 2011. An essential part of this performance has been management’s steadfast commitment to cost reduction and restructuring to continually improve our profitability. As world economies slowed late last decade and finally began to show signs of recovery in 2011, our management team has remained intensely focused on opportunities to help fuel increased operating efficiency for Curtiss-Wright by making strategic investments, consolidating existing facilities, expanding into more cost-efficient locations, and shifting production to low-cost economies. With operations across six continents, our global presence provides both opportunity and stability to our financial and operational performance, while the diversification of our business model remains a key component to our long-term success. 10 | Curtiss-wright net sales Dollars in millions 4 5 0 2 $ , 0 3 8 1 $ , 0 1 8 1 $ , 3 9 8 1 $ , 2 9 5 1 $ , Operating income Dollars in millions 7 9 1 $ 9 7 1 $ 0 8 1 $ 9 6 1 $ 5 0 2 $ net earnings Dollars in millions 0 3 1 $ 9 0 1 $ 4 0 1 $ 7 0 1 $ 5 9 $ 07 08 09 10 11 07 08 09 10 11 07 08 09 10 11 Technologies that Matter Do not Just Happen The pace of technological innovation continues to accelerate. Capturing opportunities in rapidly changing global markets also requires a combination of attributes and skills that few other companies can match. At Curtiss-wright, we continually sharpen the five specific differences that distinguish us from our competition. Unique technologies effectively deployed. Curtiss-wright has an impressive 82-year record for enhancing the safety, reliability, and performance of its customers’ end market applications. The aforementioned topics of nuclear power, surface technologies, oil and gas, and defense electronics are but a few noteworthy examples of the type of critical, high- value technologies that Curtiss-wright provides to its customers. Expert program execution. Curtiss-wright employees have worked in the most critical technologies such as electronic sensors and diligently to compile an exemplary record embedded computing that spans of project and program execution, which hundreds of programs covering both is reflected in our frequent selection as a new development and equipment key supplier to commercial projects and replacement programs. This also contributor to many of the nation’s most resonates throughout our commercial important defense programs. markets where, for example, we provide Flexible, entrepreneurial operating structure. A vital part of our success is an operating structure that relentlessly focuses on business results. we enable success by allowing talented managers sufficient latitude for action within an acceptable risk framework. we are not blinded by our own a significant number of high-technology products for the power generation industry, as well as a diverse array of metal treatment services for various commercial applications. As a result, we offer one of the most diversified technology portfolios in the industry. technologies as evidenced by our success at integrating acquisitions. we maintain a Long-running customer relationships. Curtiss-wright has enjoyed well- flat corporate structure that enforces strict established customer relationships standards for operating results. with many of the world’s premier Lowered program risk through diversity. Like few others in our defense markets, Curtiss-wright enjoys a base of business manufacturers, some of which date back to the founding of the present Company in 1929. These relationships 2011 Business Overview | 11 have been strengthened over the years During 2011, we booked new orders of systems as we await the next phase of by our outstanding record of adaptability, $2.1 billion, an increase of 8% over the prior modernization efforts or new development reliability, and performance. year, resulting in a strong year-end backlog initiatives in the u.s. Lastly, despite the Financial and Operational strength of approximately $1.7 billion. The growth in current uncertainty facing future defense new orders was driven by our key position as spending, along with the potential for Our financial performance in 2011 a premier supplier of products and services ongoing headline pressure as we enter showed solid sales and stronger supporting safety-related upgrades on an election year, we remain confident that profitability as our cost reduction and operating commercial nuclear power plants, our presence on C4isr and unmanned restructuring initiatives clearly took hold strong demand coming from the commercial platforms will provide significant and positively impacted our results. aerospace market, and solid demand for opportunities for Curtiss-wright to upgrade net sales of $2.1 billion represented a 9% increase from the prior year, driven by robust demand for our unique and highly engineered products and services, Maintenance, repair and Overhaul (MrO) current program technology and lead products from the oil and gas industry – all future development of new technological of which, we believe, should fuel solid future advances for our armed forces. growth in each market. In our commercial markets, we experienced particularly in our Metal Treatment Our free cash flow, defined as cash flow strong 12% growth as we benefitted from segment. we achieved this solid from operations less capital expenditures, the ongoing ramp up in commercial aircraft performance through a combination of was $118 million for the year, equating to production rates at Boeing and Airbus, steady organic growth and the addition of a 90% cash conversion. seven new companies to our vast portfolio of products and services. Growing Our strategic Markets as well as generally improved global economic conditions. A key beneficiary of the ongoing economic improvements Operating income increased 14% to $205 million and our net earnings rose 22% to $130 million, or $2.77 per fully diluted share. Meanwhile, we continued our efforts to improve operating efficiency as we succeeded in growing our operating margin to 10.0% in 2011, primarily led by a strong turnaround in our Metal Treatment segment as worldwide economic improvement drove higher volumes. in our Motion Control segment, higher demand for our sensor and control products and the continual benefits generated by our business restructuring and cost reduction efforts were offset by the negative impact of acquisitions and unfavorable foreign currency translation. Our defense markets grew 4%, led was our general industrial market, which by increased demand in aerospace experienced solid growth over the prior defense for embedded computing and year led by strong sales to the automotive sensor and control products, supporting and HvAC industries. Once again, our Command, Control, Communications, energy markets remained mixed, as strong Computers, intelligence, surveillance, and sales related to maintenance and upgrades reconnaissance (C4isr) applications, as on various nuclear power plant projects well as the F-35 Joint strike Fighter and were somewhat offset by lower capital various helicopter programs. sales to the spending worldwide on larger projects in U.S. Navy were mixed, as increased sales the oil and gas industry. it is worth noting related to the expansion of its fleet of that a significant portion of our power submarines and the ramp up in production generation sales came from solid organic on the new Cvn-79 aircraft carrier were growth supporting operating nuclear more than offset by the winding down of plants worldwide due to the renewed the Cvn-78 carrier and electromagnetic interest in products to aid safety and Aircraft Launching system programs. extend the reliability of existing reactors. Meanwhile, our Flow Control segment Meanwhile, the geographic diversity of Overall, we remain well positioned within experienced a decrease in operating income our business led to strong sales into the our core markets, presenting us with a primarily due to weaker international project international ground defense market balanced portfolio that offers solid future sales in its oil and gas business. for turret drive aiming and stabilization growth in sales and profitability. 12 | Curtiss-wright Disciplined Capital Deployment Mr. rivet has an in-depth understanding of Finally, i would like to thank the we remain committed to a disciplined capital deployment strategy that consists of reinvesting in our business and growing through acquisitions, combined with our continued commitment to increasing shareholder value through solid earnings per share growth, dividends, and share repurchases. As such, late in 2011, we increased the authorization of our stock repurchase program by an additional three million shares and opportunistically began purchasing shares for the first time in nearly a decade. we also maintained our annual dividend in 2011, reflecting the Board’s continued confidence in our ability to deliver strong revenue and profitability growth, along with solid free cash flow generation. we later announced the successful completion of a $300 million debt offering, allowing us to more closely align our capital structure with our overall corporate growth strategies. Meanwhile, our balance sheet remains strong with a net debt-to- book capitalization of 24%, including $575 million in senior notes. The strength of our balance sheet should not be underestimated, as it provides a tremendous amount of financial flexibility to continue the pursuit of our strategic goals to grow both organically and through niche acquisitions. in recognition We expanded our Board of Directors with the additions of robert J. rivet and Dean M. Flatt. the preparation and analysis of financial untiring efforts and hard work of our statements based upon his 35 years of approximately 8,900 employees, whose financial experience. He most recently ongoing dedication and commitment will served as Executive Vice President, Chief ensure our continued success. One of the Operations and Administrative Officer of key driving forces behind every one of our Advanced Micro Devices and previously employees at Curtiss-wright is to increase spent nine years as its Chief Financial long-term shareholder value. Officer. In addition, he led numerous acquisition and divestiture activities while at Advanced Micro Devices and Motorola Corporation. His extensive financial knowledge will be an invaluable asset to the Board in its oversight of the integrity of the Company’s financial statements and the financial reporting process. He is currently a member of the Finance and Audit Committees of the Board of Directors. Despite the significant world political and economic turmoil in recent years, Curtiss-wright has maintained the course of its strategic plan. we continue to grow our global footprint, significantly expanding the geographic diversity and competitiveness of our business into key markets throughout Asia, europe, and south America. As a result, our international exposure now represents approximately Mr. Flatt possesses a deep knowledge of 30% of our total sales, and we will continue the aerospace industry and private equity to look for opportunities to expand our investing, which will aid us in exploring suite of products and services into existing new opportunities for aerospace products and new markets, where appropriate. and services, and strengthen our ability to evaluate strategic acquisitions. He most recently served as President and Chief Operating Officer of Honeywell international’s Defense and space Business. He also is a member of the Operating Executive Board of JF Lehman & Company, a private equity firm that focuses on acquiring companies and technologies in the defense, aerospace, and maritime industries. He is currently a member of the Audit Committee and the Committee on Directors and Governance of the Board of Directors. We welcome their seasoned financial and operational perspectives and look forward to their contributions to Curtiss-wright. Lastly, we remain relentlessly focused on growing our Company through strategic acquisitions and solid organic growth, improving our operating margins, and increasing the overall competitiveness of our businesses. Curtiss-wright is an innovative leader, supplying unique technologies that matter. As such, we remain well positioned for above-average growth and improved operating efficiency in 2012 and beyond. Martin R. Benante Chairman and Chief Executive Officer 2011 Business Overview | 13 Motion Control Predator Systems Incorporated designs and manufactures motion control components and subsystems for ground defense, ordnance guidance, and aerospace applications. its proprietary electro- hydraulic technologies broaden Curtiss-wright’s motion control portfolio. its engineering expertise and advanced product technologies add key building blocks to our actuation, sensor, and electronics product lines. South Bend Controls designs and manufactures highly engineered, solenoid- based components for the aerospace and defense, industrial, and medical markets. The combination of its unique common solenoid valve design and engineering expertise and Curtiss-Wright’s sensor and solenoid valve solutions strengthens our portfolio of highly engineered valves and regulators, providing customers with a full breadth of component capabilities and technologies. ACRA Control, Limited designs and manufactures data acquisition systems for global defense and commercial aerospace markets. ACrA serves a diverse and expanding customer base of the world’s leading fixed-wing aircraft and rotorcraft manufacturers. This expertise and experience provides Curtiss-Wright penetration into the global aircraft test and instrumentation market. © Airbus France 2011 Acquisitions Flow Control Douglas Equipment supplies ground support vehicles for the defense and commercial aviation markets. The addition of these products enhances Curtiss-wright’s capabilities and presence in its core naval defense market and offers the opportunity to further expand its presence in commercial aircraft handling. Anatec and LMT perform testing and inspection services for commercial nuclear power plants to ensure safety, operational soundness, and compliance with regulatory codes. Their expertise strategically fits Curtiss-Wright’s existing outage service business and positions the Company as a leader in the u.s. nuclear plant outage segment while providing opportunities to expand into additional international nuclear plants and OeM services. Metal Treatment BASF Surface Technologies applies metallic and ceramic thermal spray coatings primarily for the aerospace and power generation markets. These capabilities add a new offering in the area of high-technology coatings to Curtiss-wright’s existing portfolio of niche coating technologies. IMR Test Labs performs mechanical and metallurgical testing services for the aerospace, power generation, and medical markets. These capabilities enable Curtiss-wright to enter a highly technical service niche in the manufacturing value chain for components used in premium industrial markets. IMR’s expertise in non-metallic materials, including ceramics, composites, and polymers, facilitates expansion into other high- technology markets and services. 14 | Curtiss-wright Flow Control segment specializes in the design and manufacture of highly engineered valves, pumps, motors, generators, electronics, systems, and related products that regulate the flow of liquids and gases in severe service environments in power generation, oil and gas processing, naval defense, and general industrial applications. Businesses include: electro-Mechanical systems High-performance pumps, motors, generators, power conditioning electronics, electronic control integration, and protection solutions. Key End Markets • naval Defense • Power Generation • Oil and Gas • General industrial nuclear Group engineered solutions supporting critical components, systems integration, Key End Market • Power Generation qualification and dedication, and related services that set the standard for safety, quality, and high performance on operating reactors and for new plant construction. Oil and Gas systems Design and manufacture of valves, vessel products, valve automation and control systems, coke unheading systems, and fluidic catalytic cracking unit components. specialized valve solutions and web-enabled software that Key End Markets • Oil and Gas • Power Generation • General industrial control the flow of liquids and gases and prevent over-pressurization of vessels, pipelines, and equipment. Marine and Power Products Specialized valves that control the flow of liquids and gases and prevent over- pressurization of equipment. shipboard helicopter and cable handling systems, as well as airport-based aircraft handling solutions. electronic instrumentation and control equipment, including custom and commercial off-the-shelf electronic circuit boards and systems. Key End Markets • naval Defense • Power Generation • Oil and Gas • General industrial • Commercial Aerospace 2011 Business Overview | 15 Motion Control segment Integrates complex elements for use in flight control, mechanical actuation and drive systems, sensing, and embedded computing system applications. Businesses include: Defense solutions rugged, commercial off-the-shelf electronic modules and integrated systems for defense markets. Highly engineered solutions from modular open systems approaches to fully custom optimized solutions deployed in a wide range of demanding defense applications, including C4isr, unmanned systems, mission computing, fire control, turret stabilization, recording, and storage solutions. Key End Markets • Aerospace Defense • Ground Defense • naval Defense Flight systems Actuation, motion control, complex manufacturing, and aftermarket services for components and systems used in aerospace applications. Passenger aircraft applications include trailing edge flaps and cargo door motion control systems. Military aircraft applications include weapons handling systems and canopy actuators. Key End Markets • Commercial Aerospace • Aerospace Defense industrial Component level solutions for general industrial applications. Examples Key End Market • General industrial include joysticks and position sensors that operate in on- and off-highway vehicle systems, custom solenoid actuators used for automotive truck braking systems, contactless rotary sensors for gear position indication in motorsport sequential gearboxes, and contactless linear sensors for suspension position feedback in Formula 1 racing. Avionics & electronics rugged data acquisition, recording, and controller sub-system solutions for aerospace and ground applications. Modular products ideal for flight testing, airborne recording, rugged computing, and space applications. Highly customized control electronics are trusted for aircraft ice and fire protection systems. Fifty years of experience supplying compact and versatile crash protected recorders. Key End Markets • Commercial Aerospace • Aerospace Defense • Ground Defense integrated sensing High-precision engineering specializing in the production of high-performance displacement transducers, including linear and rotary sensors. Precision, flight-critical low-powered actuation, both rotary and linear, featuring gear heads, clutches, brakes, and integral position sensing. The group also supplies solenoids and valves used in hydraulic, pneumatic, and fuel systems. Key End Markets • Commercial Aerospace • General industrial 16 | Curtiss-wright Metal Treatment segment Provides services that enhance the performance and extend the life of critical components utilized in aerospace, power generation, transportation and automotive, and general industrial markets. Primary surface treatment technologies include: shot Peening spherical metallic, ceramic, or glass balls are directed at a metal component in a controlled manner to impart a beneficial compressive stress layer on the surface that improves the fatigue resistance and durability of the part. shot peening is also used to shape the complex aerodynamic curvatures of the wing skins of commercial and business aircraft. Key End Markets • Commercial Aerospace • Defense • Transportation and Automotive • General industrial Laser Peening A high-energy laser beam generates shock waves at the surface of a metal component to induce beneficial compressive stresses that are four times deeper than can be achieved by traditional metal treatment processes. This technology provides the highest level of fatigue protection for mission- Key End Markets • Commercial Aerospace • Power Generation • Defense critical components. specialty Coatings Thermal spray coatings provide thermal barrier protection, abrasion and erosion resistance, and high temperature oxidation and corrosion resistance for aerospace and power generation applications. Solid film lubricant and zinc-rich coatings provide sliding wear, anti-seizing, and corrosion resistance in automotive, commercial aerospace, and defense applications. Parylene coatings provide lubricity, moisture barrier resistance, and biocompatibility in medical device and electronic applications. Key End Markets • Commercial Aerospace • Transportation and Automotive • General industrial • Power Generation Analytical services includes metallurgical, mechanical, and chemical testing services of metal and composite materials for the aerospace, power generation, and medical markets using analytic equipment. Materials testing is utilized in the raw material selection and validation during the design phase and on-going quality assurance, process verification, and finished goods testing during the production phase. Expertise in failure analysis further aids in identifying and solving surface treatment issues. Key End Markets • General industrial • Commercial Aerospace • Power Generation • Medical • Aerospace Defense Thermal Treatment Air, inert gas, and vacuum furnaces are utilized to heat treat metal parts in controlled heating and cooling cycles to improve overall strength, ductility, and other mechanical properties. Key End Markets • Commercial Aerospace • Automotive • General industrial 2011 Business Overview | 17 segment Financial information Year ended December 31 (In millions, except percentages; unaudited) 2011 2010 Change Sales Flow Control Motion Control Metal Treatment Total Sales Operating Income Flow Control Motion Control Metal Treatment Total Segments Corporate and Other Total Operating Income Operating Margins Flow Control Motion Control Metal Treatment Total Segments Consolidated Margin Note: Amounts may not add to the total due to rounding. $1,060.8 $1,024.8 710.0 283.3 647.0 221.3 $2,054.1 $1,893.1 3.5% 9.7% 28.0% 8.5% (1.0%) 0.7% 70.5% 8.5% (23.7%) 14.0% $104.4 80.4 25.8 $210.6 (30.8) $179.8 10.2% (50) bps 12.4% (100) bps 11.7% 380 bps 11.1% — 9.5% 50 bps $103.4 81.0 44.0 $228.4 (23.5) $204.9 9.7% 11.4% 15.5% 11.1% 10.0% Flow Control sales Motion Control sales Metal Treatment sales 100 80 60 40 20 0 100 naval Defense (5%) 100 naval Defense (31%) Commercial Aerospace (2%) Oil and Gas (23%) Power Generation (34%) General industrial (10%) 80 60 40 20 0 Aerospace Defense (39%) 80 60 Ground Defense (16%) Other Defense (4%) Commercial Aerospace (26%) General industrial (10%) 40 20 0 Aerospace Defense (10%) Other Defense (2%) Commercial Aerospace (39%) Oil and Gas (3%) Power Generation (8%) General industrial (38%) 18 | Curtiss-wright Historical Financial Performance Five-Year review For the years ended December 31 (In millions, except per share data; unaudited) Performance net sales Earnings before interest, taxes, depreciation, and amortization net earnings Cash flow from operations earnings per share Basic Diluted Dividends per share return on sales return on invested capital(1) new orders Backlog at year end Year-end financial position working capital Current ratio Total assets Total debt stockholders’ equity stockholders’ equity per share Other year-end data Free cash flow Depreciation and amortization Capital expenditures shares of stock outstanding at December 31 number of registered shareholders(2) number of employees(2) 2011 2010 2009 2008 2007 $2,054.1 $1,893.1 $1,809.7 $1,830.1 $1,592.1 294.1 130.4 202.4 $2.81 2.77 0.32 6.3% 9.3% 260.3 106.6 171.7 246.8 95.2 196.6 272.4 109.4 179.8 244.3 104.3 139.1 $2.33 $2.10 $2.45 $2.35 2.30 0.32 5.6% 8.3% 2.08 0.32 5.3% 8.1% 2.41 0.32 6.0% 9.5% 2.32 0.28 6.6% 10.3% $2,066.0 $1,695.4 $1,918.5 $1,730.5 $2,232.1 $1,870.4 $1,670.0 $1,626.9 $1,679.2 $1,303.8 $661.7 $472.1 $313.2 $350.0 $359.6 2.3 2.1 1.6 1.8 1.9 $2,652.8 $2,242.0 $2,142.0 $2,042.0 $1,985.6 $586.4 $396.6 $465.1 $1,229.0 $1,160.1 $1,026.8 $26.44 $25.15 $22.50 $117.5 $118.7 $120.9 88.3 84.8 46.5 5,347 8,883 $79.9 $53.0 46.1 5,470 7,588 $76.5 $75.6 45.6 5,797 7,572 $516.7 $866.8 $19.23 $76.2 $74.3 $103.7 45.1 6,193 7,968 $511.9 $914.8 $20.51 $84.7 $62.7 $54.4 44.6 6,331 7,471 Note: Amounts may not add to the total due to rounding. (1) Return on invested capital is net operating profit after-tax over two-year average net debt plus equity. (2) Amounts in actual. Stock Price Range Dividends per Share Common 2011 2010 Common First quarter second quarter Third quarter Fourth quarter High Low High Low $38.92 $32.34 $36.48 $28.32 First quarter 35.75 33.15 36.00 30.97 25.67 26.92 37.54 31.49 34.01 28.92 26.11 28.78 second quarter Third quarter Fourth quarter 2011 2010 $0.08 $0.08 0.08 0.08 0.08 0.08 0.08 0.08 2011 Business Overview | 19 report of independent registered Public Accounting Firm To the Board of Directors and stockholders of Curtiss-wright Corporation Parsippany, new Jersey we have audited the consolidated balance sheets of Curtiss-wright Corporation and subsidiaries (the “Company”) as of December 31, 2011 and 2010, and the related consolidated statements of earnings, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2011. Such consolidated financial statements and our report thereon dated February 24, 2012, expressing an unqualified opinion (which are not included herein), appear under item 8 of the Company’s Annual report on Form 10-K for the year ended December 31, 2011. The accompanying condensed consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on such condensed consolidated financial statements in relation to the complete consolidated financial statements. in our opinion, the information set forth in the accompanying condensed consolidated balance sheets as of December 31, 2011 and 2010, and the related condensed consolidated statements of earnings and of cash flows for each of the three years in the period ended December 31, 2011, is fairly stated in all material respects in relation to the consolidated financial statements from which it has been derived. Parsippany, new Jersey February 24, 2012 20 | Curtiss-wright Consolidated statements of earnings For the years ended December 31 (In thousands, except per share data) 2011 2010 2009 Net sales Cost of sales Gross profit Research and development expenses Selling expenses General and administrative expenses Operating income Interest expense Other income, net Earnings before income taxes Provision for income taxes Net earnings Net earnings per share: Basic earnings per share Diluted earnings per share Weighted average shares outstanding: Basic Diluted $2,054,130 $1,893,134 $1,809,690 (1,378,012) $676,118 (62,115) (119,438) (289,609) $204,956 (20,834) 867 $184,989 (54,566) $130,423 $2.81 $2.77 46,372 47,013 (1,271,381) (1,214,159) $621,753 (54,131) (111,773) (276,026) $179,823 (22,107) 579 $158,295 (51,697) $106,598 $2.33 $2.30 45,823 46,322 $595,531 (54,645) (106,187) (265,380) $169,319 (25,066) 1,006 $145,259 (50,038) $95,221 $2.10 $2.08 45,237 45,695 2011 Business Overview | 21 Consolidated Balance sheets At December 31 (In thousands, except share data) 2011 2010 Assets Current assets Cash and cash equivalents receivables, net inventories, net Deferred tax assets, net Other current assets Total current assets Property, plant, and equipment, net Goodwill Other intangible assets, net Deferred tax assets, net Other assets Total assets Liabilities Current liabilities Current portion of long-term and short-term debt Accounts payable Accrued expenses Income taxes payable Deferred revenue Other current liabilities Total current liabilities Long-term debt Deferred tax liabilities, net Accrued pension and other post-retirement benefit costs Long-term portion of environmental reserves Other liabilities Total liabilities Contingencies and Commitments Stockholders’ equity Common stock, $1 par value, 100,000,000 shares authorized at December 31, 2011 and 2010; 48,878,448 and 48,557,638 shares issued at December 31, 2011 and 2010, respectively; outstanding shares were 46,484,723 at December 31, 2011 and 46,133,766 at December 31, 2010 Additional paid in capital Retained earnings Accumulated other comprehensive loss Less: Common treasury stock, at cost (2,393,725 shares at December 31, 2011 and 2,423,872 shares at December 31, 2010) Total stockholders’ equity Total liabilities and stockholders’ equity 22 | Curtiss-wright $194,387 556,026 320,633 54,275 41,813 $1,167,134 $443,555 759,442 261,448 12,137 9,121 $68,119 461,632 281,103 48,568 40,605 $900,027 $397,280 693,572 240,197 1,033 9,909 $2,652,837 $2,242,018 $2,502 150,281 105,196 4,161 200,268 42,976 $505,384 $583,928 24,980 232,794 19,067 57,645 $2,602 133,180 99,966 3,111 146,770 42,310 $427,939 $394,042 26,815 166,591 19,091 47,437 $1,423,798 $1,081,915 $48,879 143,192 1,187,989 (65,131) 1,314,929 (85,890) $1,229,039 $2,652,837 $48,558 130,093 1,072,459 (2,813) 1,248,297 (88,194) $1,160,103 $2,242,018 Consolidated statements of Cash Flows For the years ended December 31 (In thousands) Cash flows from operating activities Net earnings Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization net (gain) loss on sales and disposals or impairments of long-lived assets Gain on bargain purchase Gain on divestiture Deferred income taxes share-based compensation Changes in operating assets and liabilities, net of businesses acquired and disposed of: Accounts receivable, net inventories, net Progress payments Accounts payable and accrued expenses Deferred revenue Income taxes payable net pension and post-retirement liabilities Other current and long-term assets and liabilities Total adjustments net cash provided by operating activities Cash flows from investing activities Proceeds from sales and disposals of long-lived assets Acquisitions of intangible assets Additions to property, plant, and equipment Acquisition of businesses, net of cash acquired Disposition of businesses net cash used for investing activities Cash flows from financing activities Borrowings of debt Principal payments on debt Repurchases of company stock Proceeds from exercise of share-based payments Dividends paid Excess tax benefits from share-based compensation Net cash provided by (used for) financing activities Effect of exchange-rate changes on cash Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Supplemental disclosure of investing activities 2011 2010 2009 $130,423 $106,598 $95,221 $88,300 (670) — (1,298) 3,345 9,621 (86,000) (23,429) 11,264 15,628 53,498 3,917 (4,234) 1,997 $79,946 1,446 — — 2,828 13,378 (60,208) 10,640 6,493 9,925 (20,913) (1,122) 24,528 (1,829) $76,480 1,917 (1,937) — (6,470) 15,264 9,250 17,819 (8,573) (30,565) 28,724 (11,326) 19,654 (8,879) $71,939 $65,112 $202,362 $171,710 $101,358 $196,579 $2,497 (22) (84,831) (178,080) 8,100 $744 (1,608) (52,980) (42,200) — $3,789 (673) (75,643) (68,623) — $(252,336) $(96,044) $(141,150) $1,302,600 $513,100 $711,059 (1,112,814) (581,771) (762,759) (8,178) 11,746 (14,893) 1,343 — 10,560 (14,729) 985 — 10,557 (14,559) 378 $179,804 $(71,855) $(55,324) (3,562) 126,268 68,119 $194,387 (702) 3,109 65,010 $68,119 4,200 4,305 60,705 $65,010 $81,103 1,835 (12,102) (276) (1,937) Fair value of assets acquired from current-year acquisitions $204,363 $49,939 Additional consideration paid on prior year acquisitions Liabilities assumed from current year acquisitions Cash acquired Gain on bargain purchase — (20,501) (5,782) — 1,153 (8,206) (686) — Acquisition of businesses, net of cash acquired $178,080 $42,200 $68,623 2011 Business Overview | 23 shareholder information Direct stock Purchase Plan/ Dividend reinvestment Plan A plan is available to purchase or sell shares of Curtiss-wright common stock. The plan provides a low-cost alternative to the traditional methods of buying, holding, and selling stock. The plan also provides for the automatic reinvestment of Curtiss-wright dividends. For more information, contact our transfer agent, American stock Transfer & Trust Company, toll free at (800) 416-3743. investor information investors, stockbrokers, security analysts, and others seeking information about Curtiss-wright Corporation should contact James M. ryan, Director of investor relations, at the Corporate Headquarters. shareholder Communications Any stockholder wishing to communicate directly with our Board of Directors should write to Dr. william w. sihler at southeastern Consultants Group, Ltd., P.O. Box 5645, Charlottesville, virginia 22905. Financial reports This brochure includes some of the periodic financial information required to be on file with the Securities and Exchange Commission. The Corporation also files an Annual Report on Form 10-K, a copy of which may be obtained free of charge. These reports, as well as additional financial documents such as quarterly shareholder reports, proxy statements, and quarterly reports on Form 10-Q, may be obtained by written request to James M. ryan, Director of investor relations, at the Corporate Headquarters or at the Corporation’s website: www.curtisswright.com. Directors Martin R. Benante Chairman of the Board of Directors Dean M. Flatt Director, Ducommun, inc.; Former President and Chief Operating Officer of Honeywell international’s Defense and space Business S. Marce Fuller Director, earthlink, inc.; Former President and Chief Executive Officer of Mirant Corporation, inc. (formerly known as southern energy, inc.) Dr. Allen A. Kozinski Former vice President of Global Refining of British Petroleum PLC William B. Mitchell Trustee, Mitre Corporation; Former vice Chairman of Texas Instruments Inc. John R. Myers Former Chairman and Chief Executive Officer of Tru-Circle Corporation; Management Consultant; Former Chairman of the Board of Garrett Aviation services Officers Martin R. Benante Chief Executive Officer David C. Adams Co-Chief Operating Officer David J. Linton Co-Chief Operating Officer Thomas P. Quinly vice President Glenn E. Tynan vice President and Chief Financial Officer Michael J. Denton vice President, General Counsel and Corporate secretary John B. Nathman Admiral, u.s. navy (ret.) Robert J. Rivet Former Executive Vice President, Chief Operations and Administrative Officer of Advanced Micro Devices, inc. Dr. William W. Sihler ronald e. Trzcinski Professor of Business Administration, Darden Graduate school of Business Administration, university of virginia Albert E. Smith Director, Tetra Tech, inc.; Former Executive Vice President and Officer of Lockheed Martin Corporation Harry S. Jakubowitz vice President and Treasurer Glenn G. Coleman vice President and Corporate Controller Paul J. Ferdenzi vice President, Human resources Assistant secretary and Associate General Counsel Corporate Headquarters 10 waterview Boulevard, 2nd Floor Parsippany, new Jersey 07054 www.curtisswright.com Tel: (973) 541-3700 Annual Meeting The 2011 annual meeting of stockholders will be held on May 4, 2012 at 10:00 a.m. at the Parsippany sheraton Hotel, 199 smith road, Parsippany, new Jersey 07054. Stock Exchange Listing The Corporation’s common stock is listed and traded on the new York Stock Exchange under the symbol CW. Common shareholders As of December 31, 2011, the approximate number of registered holders of record of common stock, par value of $1.00 per share of the Corporation, was 5,347. Forward-Looking statements This brochure contains not only historical information, but also forward-looking statements regarding expectations of future performance of the Corporation. Forward- looking statements involve risk and uncertainty. Please refer to the Corporation’s 2011 Annual report on Form 10-K for a discussion relating to forward-looking statements contained in this brochure and risk factors that could cause future results to differ from current expectations. stock Transfer Agent and registrar For services such as changes of address, replacement of lost certificates or dividend checks, and changes in registered ownership or for inquiries as to account status, write to American stock Transfer & Trust Company at 59 Maiden Lane, new York, new York 10038. Please include your name, address, and telephone number with all correspondence. Telephone inquiries may be made to (800) 937-5449 or (212) 936-5100 internationally. internet inquiries should be directed to www.amstock.com. Hearing-impaired shareholders are invited to log on to the website and select the Live Chat option. 24 | Curtiss-wright y v a N . . S U , y a w o l l a G . A e c i r u a M . c p S y b o t o h p y m r A . . S U , n o i t a r o p r o C n a m m u r G p o r h t r o N , O P N I : f o y s e t r u o c s o t o h P . c n I , t l u a b e h T h t r a E : g n i t n i r P . s e t a i c o s s A n a m n e s i E : n g i s e D 2011 Business Overview | 1 Curtiss-wright Corporation 10 waterview Boulevard Parsippany, new Jersey 07054 www.curtisswright.com 2 | Curtiss-wright
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