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): October 25, 2007
CURTISS WRIGHT CORPORATION
Exact Name of Registrant as Specified in Its Charter)

Delaware	 	1-134	 	13-0612970	
 	
State or Other	 	Commission File	 	IRS Employer	
Jurisdiction of	 	Number	 	Identification No.	
Incorporation or	 	 	 	 	
Organization	 	 	 	 	

4 Becker Farm Road	 	 	
Roseland, New Jersey	 	07068	
Address of Principal Executive Offices	 	Zip Code	

--------------
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))	

1

SECTION 2 – FINANCIAL INFORMATION
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
      On October 25, 2007, the Company issued a press release announcing financial results for the third quarter ended September 30, 2007. A copy of this press release is attached hereto as Exhibit 99.1. A conference call and webcast presentation will be held on Friday, October 26, 2007 at 9:00am EDT for management to discuss the Company's 2007 third quarter performance. 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 enter Passcode 52187922.
      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 October 25, 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: October 25, 2007
3

EXHIBIT INDEX

Exhibit	 	 	
Number	 	                                Description	
 	
99.1	 	Press Release, dated October 25, 2007	

4

	  	

FOR IMMEDIATE RELEASE
CURTISS-WRIGHT REPORTS 2007 THIRD QUARTER AND
NINE MONTH FINANCIAL RESULTS
- - -

Sales increase 27%; Operating Income up 19%; Backlog at Record Level
ROSELAND, NJ – October 25, 2007 – Curtiss-Wright Corporation (NYSE: CW) today reports financial results for the third quarter and nine months ended September 30, 2007. The highlights are as follows:
Third Quarter 2007 Operating Highlights

•    	Net sales for the third quarter of 2007 increased 27% to $396.3 million from $311.8 million in the third quarter of 2006.	
 	 	
•    	Operating income in the third quarter of 2007 increased 19% to $44.5 million from $37.3 million in the third quarter of 2006.	
 	 	
•    	Net earnings for the third quarter of 2007 increased 24% to $25.2 million, or $0.56 per diluted share, from $20.4 million, or $0.46 per diluted share, in the third quarter of 2006.	
Nine Months 2007 Operating Highlights

•	Net sales for the first nine months of 2007 increased 21% to $1,094.5 million from $904.0 million in the first nine months of 2006.	
 	 	
•	Operating income in the first nine months of 2007 increased 24% to $118.0 million from $94.9 million in the first nine months of 2006.	
 	 	
•	Net earnings for the first nine months of 2007 increased 23% to $66.1 million, or $1.47 per diluted share, from $53.7 million, or $1.21 per diluted share, in the first nine months of 2006. Net earnings for the first nine months of 2006 were favorably impacted by a lower effective tax rate resulting from one-time tax benefits of $3.6 million.	
 	 	
•	New orders received in the first nine months of 2007 were $1,433.9 million, up 47% compared to the first nine months of 2006. At September 30, 2007, our record high backlog was $1,376.8 million, up 57% from $875.5 million at December 31, 2006.	

Curtiss-Wright Corporation, Page 2
“We are pleased to report increased sales and operating income for the third quarter of 2007,” commented Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. Our solid operating income performance in the third quarter was led by our Metal Treatment and Flow Control segments, which experienced organic operating income growth of 21% and 3%, respectively, over the prior year period. From a market perspective, our commercial sales continue to be strong with 20% overall organic sales growth in the third quarter of 2007, driven primarily by organic growth of 51% in the oil and gas market and 14% in the commercial aerospace market. Our record backlog is a clear indication of the success of our products and programs and provides great momentum for the remainder of 2007 and heading into 2008. We are excited about our recently signed contract with Westinghouse for the AP1000 nuclear reactors in China, where we will be supplying our advanced reactor coolant pumps. This effort solidifies our leadership in this new advanced nuclear plant design. We continue to invest in a number of military and commercial development programs and we expect these investments to provide future growth opportunities and improved profitability. Additionally, we anticipate higher operating margins in the fourth quarter of 2007 as a result of higher sales volume in both of our military and commercial businesses.”
Sales
Sales growth for the Corporation in the third quarter of 2007 was primarily driven by solid organic growth and contributions from our 2007 and 2006 acquisitions as compared to the prior year period. Overall organic sales growth was 12% for the third quarter 2007 over the prior year period. All of our operating segments contributed to the organic sales growth in the third quarter of 2007, primarily due to strengths in the commercial markets. In the third quarter of 2007, acquisitions made since June 30, 2006 contributed $48.1 million in incremental sales over the prior year period.
In our base businesses, higher sales from our Flow Control segment to the oil and gas and power generation markets, higher sales from our Motion Control segment to defense markets and the commercial aerospace market, and higher sales from our Metal Treatment segment to the commercial aerospace and automotive markets all contributed to the quarterly organic sales growth. In addition, foreign currency translation positively impacted sales by $4.1 million for the third quarter of 2007, as compared to the prior year period.
Operating Income
Operating income for the Corporation for the third quarter of 2007 increased 19% over the prior year period. The organic operating income growth for the third quarter of 2007 was 8%, led by our Metal Treatment and Flow Control segments, which experienced solid organic growth of 21% and 3%, respectively, over the prior year period. The organic operating income for our Motion Control segment decreased 4%, mainly due to less favorable sales mix resulting from reduced spares sales and increased development work. Our consolidated operating margin in the third quarter of 2007 decreased as compared to the prior year period mainly due to sales mix, increased research and development expenses, and our acquisitions which typically have lower margins initially than our base businesses. Non-segment operating expense improved $1.0 million primarily due to lower unallocated medical costs under the Company’s self-insured medical insurance plan. In addition, foreign currency translation unfavorably impacted operating income by $0.2 million for the third quarter 2007, compared to the prior year period.

Curtiss-Wright Corporation, Page 3
Net Earnings
Net earnings increased 24% for the third quarter of 2007 over the comparable prior year period. Operating income from our business segments increased $6.3 million for the third quarter of 2007 over the prior year period. Our effective tax rate for the third quarter of 2007 was 32.0% versus 35.4% for the third quarter of 2006. The lower tax rate was mainly due to final return to provision adjustments. Interest expense for the third quarter of 2007 increased due to higher debt levels resulting from our recent acquisitions and slightly higher interest rates, as compared to the prior year period.
Cash Flow
Net cash provided by operating activities for the first nine months of 2007 was $47 million, an improvement from the $25 million in the first nine months of 2006. Our 2007 free cash flow, defined as cash flow from operations less capital expenditures, was $11 million for the first nine months of 2007, as compared to a loss of ($3) million in the first nine months of 2006. Our Flow Control and Metal Treatment segments drove the improved results. The improved cash flow resulted primarily from higher advance payments received in 2007 for the AP1000 program. Higher earnings were offset by higher inventory and receivables year-over-year.
Segment Performance
Flow Control – Sales for the third quarter of 2007 were $190.8 million, up 47% over the comparable period last year due to solid organic growth and the contribution from the 2006 and 2007 acquisitions. Organic sales growth was 12% in the third quarter of 2007 over the comparable prior year period. This organic sales growth was due to higher sales to the oil and gas market, led by increased demand for coker valve products, as well as strong sales of other products and services within the market. In addition, higher commercial nuclear power sales were driven by the timing of customer maintenance and replacement schedules and the addition of new teaming partners. In the third quarter of 2007, acquisitions made since June 30, 2006 contributed $45.7 million in incremental sales over the comparable prior year period. Sales of this segment were positively affected by foreign currency translation of $0.3 million in the third quarter of 2007 compared to the prior year period.
Operating income for this segment increased 34% in the third quarter of 2007 over the comparable prior year period. This segment’s organic operating income increased 3% in the third quarter of 2007 mainly due to higher sales volume and improved operating performance resulting from our businesses that were consolidated in 2006. These items were partially offset by higher research and development costs, mainly within our commercial nuclear power market. This segment continues to invest in development programs, which have an adverse impact on the margins in the short-term, but should provide good growth opportunities in the future. In the third quarter of 2007, acquisitions made since June 30, 2006 contributed $4.3 million in incremental operating income over the comparable prior year period. Operating income of this segment was unfavorably affected by foreign currency translation of $0.1 million in the third quarter of 2007 compared to the prior year period.

Curtiss-Wright Corporation, Page 4
Motion Control – Sales for the third quarter of 2007 of $142.5 million increased 13% over the comparable period last year. This improvement was due primarily to organic sales growth of 12% and the contribution from our 2007 acquisition of $2.4 million in the third quarter of 2007. The organic sales growth was driven by higher sales of actuator and sensor products to the commercial aerospace market and increased sales of embedded computing and marine defense products to the defense markets. Sales of this segment were favorably affected by foreign currency translation of $1.9 million in the third quarter of 2007 compared to the prior year period.
Operating income for this segment decreased 4% for the third quarter of 2007 over the comparable prior year period. The reduction in operating income was primarily due to higher sales of lower margin new business, lower sales of higher margin military spares, increased research and development costs within our embedded computing business, and the negative impact of foreign currency translation, which unfavorably affected operating income by $0.8 million in the third quarter of 2007 compared to the prior year period.
Metal Treatment – Sales for the third quarter of 2007 of $62.9 million were 12% higher than the comparable period last year, all growth being organic. The organic sales growth was driven by higher global shot peening revenues primarily in the commercial aerospace market along with strong demand in the specialty coatings business from the commercial aerospace and automotive markets. Sales of this segment were favorably affected by foreign currency translation of $1.9 million in the third quarter of 2007 compared to the prior year period.
Operating income increased 21% for the third quarter of 2007 as compared to the prior year period, primarily as a result of the higher sales volume. Operating income of this segment was favorably affected by foreign currency translation of $0.7 million in the third quarter of 2007 compared to the prior year period.
Mr. Benante concluded, “We are updating our guidance for the full year 2007. We expect our revenues to be in the range of $1.56 billion to $1.58 billion; operating income in the range of $176 million to $183 million; and fully diluted earnings per share in the range of $2.14 to $2.24. In addition, we are also updating our free cash flow guidance to a range of $75 million to $85 million to reflect the commencement of the AP1000 program.”
“In 2007, we should once again demonstrate our ability to generate long-term shareholder value by growing our sales and earnings. Our historical performance demonstrates our ability to execute our strategy and achieve our financial targets. Our solid performance in the first nine months of 2007 continues this trend. We expect the fourth quarter of 2007 to be strong as many of our defense programs ramp up, our commercial markets continue to strengthen, and we realize additional benefits of our integration and cost control efforts. We continue to experience increased demand for our new technologies, many of which are only at the beginning of their life cycles, which should provide strong returns to our shareholders into the future. Our diversification strategy, the continued successful integration of our acquisitions, and ongoing emphasis on advanced technologies should continue to generate growth opportunities in each of our three business segments in 2007 and beyond.”

Curtiss-Wright Corporation, Page 5
* * * * * * * * * *
The Company will host a conference call to discuss the third quarter 2007 results at 10:00 A.M. EST Friday, October 26, 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	 	 	 	 	Nine Months Ended	 	 	 	
 	 	September 30,	 	Change	 	 	September 30,	 	Change	 	
 	 	2007	 	 	2006	 	%	 	 	2007	 	 	2006	 	%	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net sales	$	396,268	 	$	311,801	 	27.1	%	$	1,094,453	 	$	903,988	 	21.1	%	
Cost of sales	 	266,448	 	 	205,783	 	29.5	%	 	735,223	 	 	600,356	 	22.5	%	
  Gross profit	 	129,820	 	 	106,018	 	22.5	%	 	359,230	 	 	303,632	 	18.3	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Research & development expenses	 	12,655	 	 	7,227	 	75.1	%	 	35,481	 	 	28,531	 	24.4	%	
Selling expenses	 	23,789	 	 	19,382	 	22.7	%	 	66,392	 	 	57,004	 	16.5	%	
General and administrative expenses	 	48,727	 	 	41,885	 	16.3	%	 	138,833	 	 	122,788	 	13.1	%	
Environmental remediation & administrative	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
  expenses, net	 	161	 	 	273	 	(41.0	%)	 	485	 	 	362	 	34.0	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
  Operating income	 	44,488	 	 	37,251	 	19.4	%	 	118,039	 	 	94,947	 	24.3	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Other income, net	 	231	 	 	(18	)	(1383.3	%)	 	1,581	 	 	295	 	435.9	%	
Interest expense	 	(7,712	)	 	(5,721	)	34.8	%	 	(18,916	)	 	(17,103	)	10.6	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Earnings before income taxes	 	37,007	 	 	31,512	 	17.4	%	 	100,704	 	 	78,139	 	28.9	%	
Provision for income taxes	 	11,832	 	 	11,156	 	6.1	%	 	34,635	 	 	24,413	 	41.9	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net earnings	$	25,175	 	$	20,356	 	23.7	%	$	66,069	 	$	53,726	 	23.0	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic earnings per share	$	0.57	 	$	0.46	 	 	 	$	1.49	 	$	1.23	 	 	 	
Diluted earnings per share	$	0.56	 	$	0.46	 	 	 	$	1.47	 	$	1.21	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Dividends per share	$	0.06	 	$	0.06	 	 	 	$	0.18	 	$	0.18	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted average shares outstanding:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
  Basic	 	44,413	 	 	43,903	 	 	 	 	44,285	 	 	43,779	 	 	 	
  Diluted	 	45,102	 	 	44,338	 	 	 	 	44,925	 	 	44,254	 	 	 	

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

 	 	September 30,	 	December 31,	 	Change	 	 	 	
 	 	2007	 	2006	 	 	$	 	%	 	
Assets	 	 	 	 	 	 	 	 	 	 	 	 	
  Current Assets:	 	 	 	 	 	 	 	 	 	 	 	 	
      Cash and cash equivalents	 	$	59,347	 	$	124,517	 	$	(65,170	)	(52.3	%)	
      Receivables, net	 	 	369,838	 	 	284,774	 	 	85,064	 	29.9	%	
      Inventories, net	 	 	251,005	 	 	161,528	 	 	89,477	 	55.4	%	
      Deferred income taxes	 	 	26,863	 	 	32,485	 	 	(5,622	)	(17.3	%)	
      Other current assets	 	 	20,112	 	 	19,341	 	 	771	 	4.0	%	
        Total current assets	 	 	727,165	 	 	622,645	 	 	104,520	 	16.8	%	
  Property, plant, & equipment, net	 	 	320,818	 	 	296,652	 	 	24,166	 	8.1	%	
  Prepaid pension costs	 	 	56,113	 	 	92,262	 	 	(36,149	)	(39.2	%)	
  Goodwill, net	 	 	587,238	 	 	411,101	 	 	176,137	 	42.8	%	
  Other intangible assets, net	 	 	226,317	 	 	158,080	 	 	68,237	 	43.2	%	
  Other assets	 	 	15,184	 	 	11,416	 	 	3,768	 	33.0	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
        Total Assets	 	$	1,932,835	 	$	1,592,156	 	$	340,679	 	21.4	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	
  Current Liabilities:	 	 	 	 	 	 	 	 	 	 	 	 	
      Short-term debt	 	$	902	 	$	5,874	 	$	(4,972	)	(84.6	%)	
      Accounts payable	 	 	108,650	 	 	96,023	 	 	12,627	 	13.1	%	
      Accrued expenses	 	 	89,584	 	 	81,532	 	 	8,052	 	9.9	%	
      Income taxes payable	 	 	4,016	 	 	23,003	 	 	(18,987	)	(82.5	%)	
      Deferred revenue	 	 	104,392	 	 	57,305	 	 	47,087	 	82.2	%	
      Other current liabilities	 	 	35,830	 	 	28,388	 	 	7,442	 	26.2	%	
        Total current liabilities	 	 	343,374	 	 	292,125	 	 	51,249	 	17.5	%	
  Long-term debt	 	 	571,986	 	 	359,000	 	 	212,986	 	59.3	%	
  Deferred income taxes	 	 	58,808	 	 	57,055	 	 	1,753	 	3.1	%	
  Accrued pension & other postretirement benefit costs	 	 	38,765	 	 	71,006	 	 	(32,241	)	(45.4	%)	
  Long-term portion of environmental reserves	 	 	18,777	 	 	21,220	 	 	(2,443	)	(11.5	%)	
  Other liabilities	 	 	37,468	 	 	29,676	 	 	7,792	 	26.3	%	
        Total Liabilities	 	 	1,069,178	 	 	830,082	 	 	239,096	 	28.8	%	

Stockholders' Equity	 	 	 	 	 	 	 	 	 	 	 	 	
      Common stock, $1 par value	 	 	47,715	 	 	47,533	 	 	182	 	0.4	%	
      Additional paid in capital	 	 	78,604	 	 	69,887	 	 	8,717	 	12.5	%	
      Retained earnings	 	 	772,710	 	 	716,030	 	 	56,680	 	7.9	%	
      Accumulated other comprehensive income	 	 	83,985	 	 	55,806	 	 	28,179	 	50.5	%	
 	 	 	983,014	 	 	889,256	 	 	93,758	 	10.5	%	
      Less: cost of treasury stock	 	 	119,357	 	 	127,182	 	 	(7,825	)	(6.2	%)	
 	 	 	 	 	 	 	 	 	 	 	 	 	
        Total Stockholders' Equity	 	 	863,657	 	 	762,074	 	 	101,583	 	13.3	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
        Total Liabilities and Stockholders' Equity	 	$	1,932,835	 	$	1,592,156	 	$	340,679	 	21.4	%	

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

		Three Months Ended		Nine Months Ended	
		September 30,		September 30,	
										%										%	
		2007		2006		Change		2007		2006		Change	
Sales:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Control	 	$	190,811	 	 	$	129,819	 	 	47.0	%	 	$	491,702	 	 	$	380,277	 	 	29.3	%	
Motion Control	 	 	142,524	 	 	 	125,639	 	 	13.4	%	 	 	412,730	 	 	 	356,496	 	 	15.8	%	
Metal Treatment	 	 	62,933	 	 	 	56,343	 	 	11.7	%	 	 	190,021	 	 	 	167,215	 	 	13.6	%	
 	
Total Sales	 	$	396,268	 	 	$	311,801	 	 	27.1	%	 	$	1,094,453	 	 	$	903,988	 	 	21.1	%	
 	
Operating Income:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Control	 	$	18,733	 	 	$	14,014	 	 	33.7	%	 	$	38,758	 	 	$	36,901	 	 	5.0	%	
Motion Control	 	 	14,756	 	 	 	15,310	 	 	(3.6	%)	 	 	43,626	 	 	 	33,436	 	 	30.5	%	
Metal Treatment	 	 	12,597	 	 	 	10,448	 	 	20.6	%	 	 	38,554	 	 	 	31,630	 	 	21.9	%	
 	
Total Segments	 	 	46,086	 	 	 	39,772	 	 	15.9	%	 	$	120,938	 	 	$	101,967	 	 	18.6	%	
Corporate & Other	 	 	(1,598	)	 	 	(2,521	)	 	(36.6	%)	 	 	(2,899	)	 	 	(7,020	)	 	(58.7	%)	
 	
Total Operating Income	 	$	44,488	 	 	$	37,251	 	 	19.4	%	 	$	118,039	 	 	$	94,947	 	 	24.3	%	

Operating Margins:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Control	 	 	9.8	%	 	 	10.8	%	 	 	 	 	 	7.9	%	 	 	9.7	%	 	 	 	
Motion Control	 	 	10.4	%	 	 	12.2	%	 	 	 	 	 	10.6	%	 	 	9.4	%	 	 	 	
Metal Treatment	 	 	20.0	%	 	 	18.5	%	 	 	 	 	 	20.3	%	 	 	18.9	%	 	 	 	
Total Curtiss-Wright	 	 	11.2	%	 	 	11.9	%	 	 	 	 	 	10.8	%	 	 	10.5	%	 	 	 	

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

 	 	Three Months Ended	 	Nine Months Ended	
 	 	September 30,	 	September 30,	
 	 	 	2007	 	 	 	2006	 	 	 	2007	 	 	 	2006	 	
Net Cash Provided by Operating	 	$	(6,365	)	 	$	24,241	 	 	$	46,739	 	 	$	25,263	 	
      Activities	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Capital Expenditures	 	 	(11,518	)	 	 	(10,789	)	 	 	(35,496	)	 	 	(27,926	)	
Free Cash Flow (1)	 	$	(17,883	)	 	$	13,452	 	 	$	11,243	 	 	$	(2,663	)	
Cash Conversion (1)	 	 	(71	%)	 	 	66	%	 	 	17	%	 	 	(5	%)	

(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.

About Curtiss-Wright
Curtiss-Wright Corporation, Page 10
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 7,300 people. More information on Curtiss-Wright can be found at www.curtisswright.com .
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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 t hese 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, 2006 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