SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 8, 2007
CURTISS WRIGHT CORPORATION
(Exact Name of Registrant as Specified in Its Charter)

Delaware  	 	1-134  	 	 	 	13-0612970  	
		 		 		 	
State or Other
Jurisdiction of
Incorporation or
Organization		Commission File
Number	 	 	 	IRS Employer
Identification No.  	
 	 	 	 	 	 	 	
 	 	4 Becker Farm Road  	 	 	 	 	
 	 	Roseland, New Jersey  	 	07068  	 	 	
 	 	Address of Principal Executive Offices  	 	Zip Code  	 	 	

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

SECTION 2 – FINANCIAL INFORMATION
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION .
      On February 8, 2007 issued a press release announcing financial results for the fourth quarter and full year ended December 31, 2006. A copy of this press release is attached hereto as Exhibit 99.1. A conference call and webcast presentation will be held on Friday, February 9, 2007 at 10:00am EDT for management to discuss the Company's 2006 performance and 2007 guidance. Martin R. Benante, Chairman and CEO, and Glenn E. Tynan, CFO, will host the call.
      The financial press release and access to the webcast will be posted on Curtiss-Wright's website at www.curtisswright.com. For those unable to participate, a webcast replay will be available for 90 days on the Company's website beginning one hour after the call takes place. A conference call replay will also be available for 30 days by dialing (888) 286-8010 (Domestic) or (617) 801-6888 (International), and entering Passcode 24467170.
      The information contained in this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this report shall not be incorporated by reference into any filing of the registrant with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filings.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a)      	Not applicable.	
 	
(b)      	Not applicable.	
 	
(c)      	Exhibits.	
 	
 	99.1 Press Release dated February 8, 2007	
 	
2

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

 	CURTISS WRIGHT CORPORATION	
 	 	
By:  	/s/ Glenn E. Tynan
Glenn E. Tynan Vice-President and
Chief Financial Officer	
Date: February 8, 2007
3

 	 	 	EXHIBIT INDEX	
  	Exhibit
Number	 	Description	
 	 	 	 	
 	99.1	 	Press Release, dated February 8, 2007.	

4

		

FOR IMMEDIATE RELEASE
CURTISS-WRIGHT REPORTS 2006 FINANCIAL RESULTS
- - -
      Full Year and Fourth Quarter Sales up 13% and 19%, Respectively
Full Year and Fourth Quarter Net Earnings increased 7% and 6%, Respectively
Eleventh Consecutive Year of Revenue Growth
Net Cash Provided by Operating Activities increased 37%
ROSELAND, NJ – February 8, 2007 – Curtiss-Wright Corporation (NYSE: CW) today reports financial results for the full year and quarter ended December 31, 2006. The highlights are as follows:
Fourth Quarter 2006 Operating Highlights

•	 	Net sales for the fourth quarter of 2006 increased 19% to $378.2 million from $317.9 million in the fourth quarter of 2005.	
 	
•	 	Operating income in the fourth quarter of 2006 increased 2% to $45.7 million from $44.9 million in the fourth quarter of 2005. Operating income was negatively impacted in the fourth quarter of 2006 by costs of $6.5 million related to an adverse legal judgment received this afternoon, costs of $1.6 million associated with the adoption of FAS 123R, and higher pension expense of $0.6 million from the Curtiss-Wright pension plans as compared to the prior year period	
 	
•	 	Net earnings for the fourth quarter of 2006 increased 6% to $26.8 million, or $0.60 per diluted share, from $25.3 million, or $0.58 per diluted share, in the fourth quarter of 2005 (adjusted for 2-for-1 stock split in April 2006). Net earnings for the fourth quarter of 2006 were favorably impacted by a lower effective tax rate resulting from a nonrecurring tax benefit of $1.5 million.	
 	
•	 	New orders received in the fourth quarter of 2006 were $356.7 million, down 4% compared to the fourth quarter of 2005.	

Curtiss-Wright Corporation, Page 2
Full Year 2006 Operating Highlights

•	 	Net sales for 2006 increased 13% to $1,282.2 million from $1,130.9 million in 2005.	
 	
•	 	Operating income in 2006 increased 2% to $140.6 million from $138.0 million in 2005. Operating income was negatively impacted in 2006 by costs of $6.5 million related to an adverse legal judgment received this afternoon, costs of $4.9 million associated with the adoption of FAS 123R, and higher pension expense of $4.2 million from the Curtiss-Wright pension plans as compared to the prior year period. Operating income in 2005 included a one-time gain of $2.8 million related to the sale of non-operating property.	
 	
•	 	Net earnings in 2006 increased 7% to $80.6 million, or $1.82 per diluted share, from $75.3 million, or $1.72 per diluted share, in 2005 (adjusted for 2-for-1 stock split in April 2006). Net earnings in 2006 were favorably impacted by a lower effective tax rate resulting from $5.1 million of nonrecurring tax benefits.	
 	
•	 	Net cash provided by operating activities was $143.9 million, up 37% compared to 2005.	
 	
•	 	New orders received in 2006 were $1,333.0 million, up 6% compared to 2005. Backlog increased 9% to $875.5 million at December 31, 2006 from $805.6 million at December 31, 2005.	
“We are pleased to report our eleventh year of revenue growth along with increased operating income, net earnings, and cash flow in 2006,” commented Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. “We achieved strong organic segment operating income growth, led by our Metal Treatment segment at 21%, followed by the Flow Control and Motion Control segments, which grew organically 14% and 11%, respectively, in 2006. Our commercial markets had another robust year with 14% organic sales growth, driven primarily by the oil and gas market at 34% and commercial aerospace at 19%. Our 2006 results were achieved despite absorbing the adverse legal judgment, business integration costs, increased material costs, and unfavorable foreign currency translation. We have also entered into a number of military and commercial development contracts and have recently introduced many new products that have negatively impacted margins; however, these investments should provide significant future opportunities and improved profitability. Our strong backlog is a clear indication of the success of our products and strategy and provides us with good momentum heading into 2007.”
Sales
Sales growth in the fourth quarter and full year was driven by organic growth across most of our base businesses and contributions from our 2006 acquisitions. Organic sales growth was 16% and 11% in the fourth quarter and full year ended December 31, 2006, respectively, compared to the prior year periods. Organic sales growth in the fourth quarter 2006 was due to the strength of all three of our operating segments, with Flow Control at 24%, Motion Control at 11%, and Metal Treatment at 8%, as compared to the prior year period. Our 2006 acquisitions contributed $9.9 million and $27.6 million in incremental sales for the fourth quarter and full year 2006, respectively, over the comparable periods in 2005.

Curtiss-Wright Corporation, Page 3
Organic sales growth resulted from higher sales to the oil and gas and commercial power markets from our Flow Control segment, higher commercial aerospace and ground defense revenues from our Motion Control segment, and higher sales of European shot peening and heat treating services to the commercial aerospace and general industrial markets from our Metal Treatment segment. In addition, foreign currency translation positively impacted fourth quarter and full year 2006 sales by $4.8 million and $5.0 million, respectively, as compared to the prior year periods.
Operating Income
Operating income in 2006 increased 2% for both the fourth quarter and full year over the comparable 2005 periods. In the fourth quarter of 2006, we established a reserve in the amount of $6.5 million to reflect potential liabilities arising from a jury verdict returned this afternoon against us in a lawsuit filed by a former employee. We will be appealing the verdict.
The operating income improvement was achieved by strong operating income from our business segments, which increased $9.5 million and $18.7 million for the fourth quarter and full year 2006, respectively, over the prior year periods. The increases resulted from higher sales volume and cost control initiatives. Overall organic operating income growth, which includes nonsegment expenses, was 3% for both the fourth quarter and full year 2006, compared to the prior year periods. We achieved strong fourth quarter organic operating segment performance, driven by our Flow Control and Metal Treatment segments, which contributed 38% and 18% organic growth, respectively, while the Motion Control segment grew 8% organically as compared to the prior year period.
On a consolidated basis, our operating margin was 12.1% in the fourth quarter of 2006 versus 14.1% in the prior year period. Operating margins improved at our Metal Treatment and Flow Control segments, which increased 90 basis points and 60 basis points, respectively, compared to the prior year period. These improvements were offset by lower margins at our Motion Control segment during the fourth quarter, mainly due to a less favorable sales mix. Our full year consolidated operating margin was 11.0% in 2006, down 120 basis points from the prior year. Operating margins were negatively impacted in 2006 by the above mentioned legal judgment, $4.9 million of costs associated with the adoption of FAS 123R, and higher pension expense of $4.2 million from the Curtiss-Wright pension plans. In addition, 2005 margins benefited from a $2.8 million gain on the sale of non-operating property. Without the impact of these items, our operating margin increased 20 basis points in 2006 to 12.2% as compared to 12.0% in 2005. In addition, foreign currency translation minimally impacted operating income in the fourth quarter 2006; however, it adversely impacted full year operating income by $2.0 million, as compared to the prior year period.
Net Earnings
Net earnings increased 6% and 7% for the fourth quarter and full year 2006, respectively, over 2005. The improvement was achieved by strong operating income from our business segments, partially offset by the adverse impact of the items listed above in operating income. Net earnings for 2006 included nonrecurring tax benefits totaling $5.1 million. The tax benefits included $2.0 million primarily related to higher than expected research and development credits for 2005, an

Curtiss-Wright Corporation, Page 4
adjustment to our deferred tax accounts of $1.6 million based on new Canadian tax legislation which was enacted in late June 2006, and a tax benefit of $1.5 million for the release of a reserve associated with the sale of a former facility. These tax benefits were partially offset by higher interest expense due mainly to higher interest rates, partially reduced by lower average outstanding debt levels.
Cash Flow
Net cash provided by operating activities for the full year 2006 was $143.9 million, an increase of 37% from $105.2 million in 2005. Our 2006 Free Cash Flow, defined as cash flow from operations less capital expenditures, was very strong at $103.7 million, a 65% increase from $62.7 million in 2005. All three operating segments experienced strong results. Overall cash conversion, defined as Free Cash Flow divided by net earnings, reached 129% in 2006 as compared to 83% in 2005. The strong cash flow resulted from higher cash collections, reduced inventories due to higher fourth quarter sales, as well as higher payables and advance payments.
Segment Performance
Flow Control – Sales for the fourth quarter of 2006 were $167.8 million, up 28% over the comparable period last year due to solid organic growth of 24% and the contribution from the 2006 acquisitions of Enpro Systems and Swantech. The improvement in sales from our base businesses was due to higher sales to the oil and gas market, led by continued strong demand for our coker valve products, as well as higher sales to the commercial power market due mainly to the timing of refurbishment cycles and plant outages, and new product launches. Sales of this segment were favorably affected by foreign currency translation of $0.3 million in the fourth quarter of 2006, compared to the prior year period.
Operating income for this segment increased 34% in the fourth quarter of 2006 compared to the prior year period. The operating margins were up 60 basis points in the fourth quarter of 2006 as compared to the prior year period. The benefit of the higher sales volume was partially offset by less favorable commercial power sales mix, learning curve inefficiencies on new product development, and higher material costs. Operating income for this segment was favorably affected by foreign currency translation of $0.1 million in the fourth quarter of 2006, compared to the prior year period.
Motion Control – Sales for the fourth quarter of 2006 of $153.0 million increased 11%, all organic, over the comparable period last year. This growth was primarily due to increased sales of OEM and spares products to the commercial aerospace market, and higher sales of embedded computing products to the ground defense market. This growth was partially offset by lower sales to the defense aerospace markets. Sales of this segment were favorably affected by foreign currency translation of $2.8 million in the fourth quarter of 2006 as compared to the prior year period.
Operating income for this segment increased 8% in the fourth quarter of 2006 compared to the prior year period. The operating margins were down 40 basis points in the fourth quarter of 2006 as compared to the prior year period. The operating income increase was primarily driven by

Curtiss-Wright Corporation, Page 5
higher sales volume, cost reduction efforts, and increased efficiencies as a result of our business integration initiatives. The margin erosion resulted from increased development work, higher production start-ups costs, and cost overruns on certain military contracts. Operating income of this segment was minimally affected by foreign currency translation in the fourth quarter of 2006, compared to the prior year period.
Metal Treatment – Sales for the fourth quarter of 2006 of $57.4 million were 15% higher than the comparable period last year. The improvement was mainly due to organic sales growth of 8% and the contribution from our 2006 acquisition of Allegheny Coatings. The organic sales growth was driven by higher global shot peening revenues in the commercial aerospace market and strong demand in the heat treating business from the general industrial market. Sales of this segment were favorably affected by foreign currency translation of $1.7 million in the fourth quarter of 2006 as compared to the prior year period.
Operating income increased 21% for the fourth quarter of 2006 as compared to the prior year period. The operating margins were up 90 basis points in the fourth quarter of 2006 as compared to the prior year period, mainly as a result of the improved gross margins from the higher sales volume. Operating income of this segment was favorably affected by foreign currency translation of $0.5 million in the fourth quarter of 2006 compared to the prior year period.
2007 Management Guidance
For the full year 2007, management expects to achieve total revenues to be in the range of $1.37 billion and $1.40 billion. We anticipate operating income in the range of $166 million to $173 million, including $6 million of Curtiss-Wright pension plan expense, and fully diluted earnings per share (EPS) to be in the range of $2.00 and $2.10. Our EPS guidance assumes an average of 45.5 million shares outstanding. In addition, we are expecting free cash flow, defined as cash flow from operations less capital expenditures, to be between $70 million and $75 million in 2007. The 2007 guidance does not include any potential impact resulting from the recently announced selection of the AP-1000 design to be used in power plants by China.
Mr. Benante concluded, “In 2006, we continued to demonstrate our ability to generate long-term shareholder value by growing our sales, earnings, and cash flow. Our strong performance demonstrates our ability to execute our growth strategy while continuing to achieve our financial targets. Our successful growth is the result of our diversification and ability to deliver the high performance, technologically advanced products for which Curtiss-Wright is world renowned. Our diversification strategy, the successful integration of our acquisitions, and our continued emphasis on providing advanced new products and technologies should continue to generate growth opportunities in each of our three business segments in 2007 and beyond.”
**********
The Company will host a conference call to discuss the 2006 results at 10:00 EST Friday, February 9, 2007. A live webcast of the call can be heard on the internet by visiting the company’s website at www.curtisswright.com and clicking on the investor information page or by visiting other websites that provide links to corporate webcasts.
(Tables to Follow)

Curtiss-Wright Corporation, Page 6
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per share data)

 	 	Three Months Ended
December 31,	 	Twelve Months Ended
December 31,	 	Three Months
Change	 	Twelve Months
Change	
 	 	 	2006	 	 	 	2005	 	 	 	2006	 	 	 	2005	 	 	 	$	 	 	%	 	 	 	$	 	 	%	 	

Net sales	 	$	378,167	 	 	$	317,893	 	 	$	1,282,155	 	 	$	1,130,928	 	 	$	60,274	 	 	18.96	%	 	$	151,227	 	 	13.37	%	
Cost of sales	 	 	250,720	 	 	 	206,964	 	 	 	851,076	 	 	 	740,416	 	 	 	43,756	 	 	21.14	%	 	 	110,660	 	 	14.95	%	
 	 		 		 		 		 		 	 	 	 		 	 	 	
Gross profit	 	 	127,447	 	 	 	110,929	 	 	 	431,079	 	 	 	390,512	 	 	 	16,518	 	 	14.89	%	 	 	40,567	 	 	10.39	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Research & development
     expenses	 	 	10,310	 	 	 	9,369	 	 	 	38,841	 	 	 	39,681	 	 	 	941	 	 	10.04	%	 	 	(840	)	 	-2.12	%	
Selling expenses	 	 	19,543	 	 	 	18,054	 	 	 	76,547	 	 	 	69,687	 	 	 	1,489	 	 	8.25	%	 	 	6,860	 	 	9.84	%	
General and administrative
     expenses	 	 	51,014	 	 	 	38,467	 	 	 	173,734	 	 	 	144,982	 	 	 	12,547	 	 	32.62	%	 	 	28,752	 	 	19.83	%	
Environmental remediation
     and administrative
     expenses, net	 	 	481	 	 	 	(26	)	 	 	843	 	 	 	818	 	 	 	507	 	 	-1950.00	%	 	 	25	 	 	3.06	%	
(Gain) Loss on sale of real
     estate and fixed assets	 	 	418	 	 	 	189	 	 	 	486	 	 	 	(2,638	)	 	 	229	 	 	121.16	%	 	 	3,124	 	 	118.42	%	

Operating income	 	 	45,681	 	 	 	44,876	 	 	 	140,628	 	 	 	137,982	 	 	 	805	 	 	1.79	%	 	 	2,646	 	 	1.92	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Other (expenses) income,
     net	 	 	(407	)	 	 	720	 	 	 	(112	)	 	 	299	 	 	 	(1,127	)	 	-156.53	%	 	 	(411	)	 	-137.46	%	
Interest expense	 	 	(5,791	)	 	 	(5,990	)	 	 	(22,894	)	 	 	(19,983	)	 	 	199	 	 	-3.32	%	 	 	(2,911	)	 	14.57	%	

Earnings before income
     taxes	 	 	39,483	 	 	 	39,606	 	 	 	117,622	 	 	 	118,298	 	 	 	(123	)	 	-0.31	%	 	 	(676	)	 	-0.57	%	
Provision for income taxes	 	 	12,640	 	 	 	14,302	 	 	 	37,053	 	 	 	43,018	 	 	 	(1,662	)	 	-11.62	%	 	 	(5,965	)	 	-13.87	%	

Net earnings	 	$	26,843	 	 	$	25,304	 	 	$	80,569	 	 	$	75,280	 	 	$	1,539	 	 	6.08	%	 	$	5,289	 	 	7.03	%	

Basic earnings per share	 	$	0.61	 	 	$	0.58	 	 	$	1.84	 	 	$	1.74	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 		 		 		 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted earnings per share	 	$	0.60	 	 	$	0.58	 	 	$	1.82	 	 	$	1.72	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

Dividends per share	 	$	0.06	 	 	$	0.06	 	 	$	0.24	 	 	$	0.20	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

Weighted average shares
     outstanding:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
      Basic	 	 	43,972	 	 	 	43,480	 	 	 	43,826	 	 	 	43,270	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
      Diluted	 	 	44,575	 	 	 	43,992	 	 	 	44,334	 	 	 	43,828	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Certain prior year information has been reclassified to conform to current presentation.
Shares and per share amounts have been adjusted on a pro forma basis for the April 21, 2006 2-for-1 stock split.

Curtiss-Wright Corporation, Page 7
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS 
(In thousands)

 	 	 	 	 	 	 	 	 	Change	
 		December 31,
2006	 	 		December 31,
2005	 	 	 	$	 	 	 	%	 	
 		 		 		 		
Assets	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
  Current Assets:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
      Cash and cash equivalents	$	124,517	 	 	$	59,021	 	 	$	65,496	 	 	 	111.0	%	
      Receivables, net	 	284,774	 	 	 	244,689	 	 	 	40,085	 	 	 	16.4	%	
      Inventories, net	 	161,528	 	 	 	146,297	 	 	 	15,231	 	 	 	10.4	%	
      Deferred income taxes	 	32,485	 	 	 	28,844	 	 	 	3,641	 	 	 	12.6	%	
      Other current assets	 	19,341	 	 	 	11,615	 	 	 	7,726	 	 	 	66.5	%	
 		 		 	 		 	 	 	 	 	
        Total current assets	 	622,645	 	 	 	490,466	 	 	 	132,179	 	 	 	26.9	%	
 		 		 		 	 	 	 	
  Property, plant, and equipment, net	 	296,652	 	 	 	274,821	 	 	 	21,831	 	 	 	7.9	%	
  Prepaid pension costs	 	92,262	 	 	 	76,002	 	 	 	16,260	 	 	 	21.4	%	
  Goodwill, net	 	411,101	 	 	 	388,158	 	 	 	22,943	 	 	 	5.9	%	
  Other intangible assets, net	 	158,080	 	 	 	158,267	 	 	 	(187	)	 	 	-0.1	%	
  Other assets	 	11,416	 	 	 	12,571	 	 	 	(1,155	)	 	 	-9.2	%	
 		 		 		 	 	 	 	
        Total Assets	$	1,592,156	 		$	1,400,285	 	 	$	191,871	 	 	 	13.7	%	
 		 		 		 	 	 	 	
Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
  Current Liabilities:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
      Short-term debt	$	5,874	 	 	$	885	 	 	$	4,989	 	 	 	563.7	%	
      Accounts payable	 	96,023	 	 	 	80,460	 	 	 	15,563	 	 	 	19.3	%	
      Accrued expenses	 	81,532	 	 	 	74,252	 	 	 	7,280	 	 	 	9.8	%	
      Income taxes payable	 	23,003	 	 	 	22,855	 	 	 	148	 	 	 	0.6	%	
      Deferred revenue	 	57,305	 	 	 	21,634	 	 	 	35,671	 	 	 	164.9	%	
      Other current liabilities	 	28,388	 	 	 	21,417	 	 	 	6,971	 	 	 	32.5	%	
 		 		 		 	 	 	 	
        Total current liabilities	 	292,125	 	 	 	221,503	 	 	 	70,622	 	 	 	31.9	%	
  Long-term debt	 	359,000	 	 	 	364,017	 	 	 	(5,017	)	 	 	-1.4	%	
  Deferred income taxes	 	57,055	 	 	 	53,570	 	 	 	3,485	 	 	 	6.5	%	
  Accrued pension & other postretirement benefit costs	 	71,006	 	 	 	74,999	 	 	 	(3,993	)	 	 	-5.3	%	
  Long-term portion of environmental reserves	 	21,220	 	 	 	22,645	 	 	 	(1,425	)	 	 	-6.3	%	
  Other liabilities	 	29,676	 	 	 	25,331	 	 	 	4,345	 	 	 	17.2	%	
 		 		 		 	 	 	 	
        Total Liabilities	 	830,082	 	 	 	762,065	 	 	 	68,017	 	 	 	8.9	%	

Stockholders' Equity	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
  Common stock, $1 par value	 	47,533	 	 	 	25,493	 	 	 	22,040	 	 	 	86.5	%	
  Additional paid in capital	 	69,887	 	 	 	59,794	 	 	 	10,093	 	 	 	16.9	%	
  Retained earnings	 	716,030	 	 	 	667,892	 	 	 	48,138	 	 	 	7.2	%	
  Accumulated other comprehensive income	 	55,806	 	 	 	20,655	 	 	 	35,151	 	 	 	170.2	%	
 		 		 		 	 	 	 	
 	 	889,256	 	 	 	773,834	 	 	 	115,422	 	 	 	14.9	%	
  Less: cost of treasury stock	 	127,182	 	 	 	135,614	 	 	 	(8,432	)	 	 	-6.2	%	
 		 		 		 	 	 	 	
        Total Stockholders' Equity	 	762,074	 	 	 	638,220	 	 	 	123,854	 	 	 	19.4	%	
 		 		 		 	 	 	 	
        Total Liabilities and Stockholders' Equity	$	1,592,156	 	 	$	1,400,285	 	 	$	191,871	 	 	 	13.7	%	

Curtiss-Wright Corporation, Page 8
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
SEGMENT INFORMATION 
(In thousands)

 	 	Three Months Ended
December 31	 	Twelve Months Ended
December 31,	
 	 	 	2006	 	 	 	2005	 	 	 	%
Change	 	 	 	2006	 	 	 	2005	 	 	 	%
Change	 	
													
Sales:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Control	 	$	167,844	 	 	$	130,683	 	 	 	28.4	%	 	$	548,121	 	 	$	466,546	 	 	 	17.5	%	
Motion Control	 	 	152,966	 	 	 	137,271	 	 	 	11.4	%	 	 	509,462	 	 	 	465,451	 	 	 	9.5	%	
Metal Treatment	 	 	57,357	 	 	 	49,939	 	 	 	14.9	%	 	 	224,572	 	 	 	198,931	 	 	 	12.9	%	

Total Sales	 	$	378,167	 	 	$	317,893	 	 	 	19.0	%	 	$	1,282,155	 	 	$	1,130,928	 	 	 	13.4	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating Income:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Control	 	$	23,641	 	 	$	17,604	 	 	 	34.3	%	 	$	60,542	 	 	$	54,509	 	 	 	11.1	%	
Motion Control	 	 	21,806	 	 	 	20,154	 	 	 	8.2	%	 	 	55,242	 	 	 	50,485	 	 	 	9.4	%	
Metal Treatment	 	 	10,755	 	 	 	8,923	 	 	 	20.5	%	 	 	42,385	 	 	 	34,470	 	 	 	23.0	%	

Total Segments	 	 	56,202	 	 	 	46,681	 	 	 	20.4	%	 	 	158,169	 	 	 	139,464	 	 	 	13.4	%	
Corporate & Other	 	 	(10,521	)	 	 	(1,805	)	 	 	482.9	%	 	 	(17,541	)	 	 	(1,482	)	 	 	1083.6	%	

Total Operating Income	 	$	45,681	 	 	$	44,876	 	 	 	1.8	%	 	$	140,628	 	 	$	137,982	 	 	 	1.9	%	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Operating Margins:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Control	 	 	14.1	%	 	 	13.5	%	 	 	 	 	 	 	11.0	%	 	 	11.7	%	 	 	 	 	
Motion Control	 	 	14.3	%	 	 	14.7	%	 	 	 	 	 	 	10.8	%	 	 	10.8	%	 	 	 	 	
Metal Treatment	 	 	18.8	%	 	 	17.9	%	 	 	 	 	 	 	18.9	%	 	 	17.3	%	 	 	 	 	
Total Curtiss-Wright	 	 	12.1	%	 	 	14.1	%	 	 	 	 	 	 	11.0	%	 	 	12.2	%	 	 	 	 	

Curtiss-Wright Corporation, Page 9
CURTISS-WRIGHT CORPORATION and SUBSIDIARIES
NON-GAAP FINANCIAL DATA (UNAUDITED) 
(In thousands)

 	 	Twelve Months Ended
December 31,	
 	 	 	2006	 	 	 	2005	 	
 	 		 		
Net Cash Provided by Operating	 	$	143,871	 	 	$	105,178	 	
      Activities	 	 	 	 	 	 	 	 	
Capital Expenditures	 	 	(40,202	)	 	 	(42,444	)	
 	 		 		
Free Cash Flow (1)	 	$	103,669	 	 	$	62,734	 	

Cash Conversion (1)	 	 	129	%	 	 	83	%	

(1) The Corporation discloses free cash flow and cash conversion because the Corporation believes that they are measurements of cash flow that are available for investing and financing activities. Free cash flow is defined as net cash flow provided by operating activities less capital expenditures. Free cash flow represents cash generated after paying for interest on borrowings, income taxes, capital expenditures, and working capital requirements, but before repaying outstanding debt and investing cash or utilizing debt credit lines to acquire businesses and make other strategic investments. Cash conversion is defined as free cash flow divided by net earnings. Free cash flow, as we define it, may differ from similarly named measures used by entities and, consequently, could be misleading unless all entities calculate and define free cash flow in the same manner.

Curtiss-Wright Corporation, Page 10
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The Company designs, manufactures and overhauls products for motion control and flow control applications and provides a variety of metal treatment services. The firm employs approximately 6,300 people. More information on Curtiss-Wright can be found at www.curtisswright.com .
###
Certain statements made in this release, including statements about future revenue, organic revenue growth, quarterly and annual revenue, net income, organic operating income growth, future business opportunities, cost saving initiatives, and future cash flow from operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, electronics, marine, and industrial companies. Such factors are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2005 and subsequent reports filed with the Securities and Exchange Commission.
This press release and additional information is available at www.curtisswright.com .

Contact:	 	Alexandra M. Deignan	
 	 	(973) 597-4734	
 	 	adeignan@curtisswright.com