Curtiss-Wright Secures New Agreement for $23.6 Million

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The Curtiss-Wright Corporation has announced that it has secured a memorandum of agreement valued at $23.6 million at current projected aircraft production rates from The Boeing Company. The period of production is planned from 2004 through 2009. The agreement is the second F/A-22 program award Curtiss-Wright has secured in six months through its motion control business segment, Curtiss-Wright Controls, Inc. Curtiss-Wright Controls will supply rotary actuators for the lead edge wing flaps for the F/A-22 Raptor, a program developed through a partnership between Lockheed Martin and Boeing.

Curtiss-Wright developed the actuators and has supplied the parts to Boeing from the program’s inception and development through the current production lot. The F/A-22 contract recently awarded by Lockheed Martin also was for actuation equipment for the lead edge wing flaps.

"This award demonstrates our continuing commitment to the F/A-22 program and to our long-standing relationship with Boeing," says Martin Benante, chairman and CEO of Curtiss-Wright. "We are very proud to have been chosen as one of the major suppliers to secure a multi-year agreement on this cutting-edge, high performance program."

The F/A-22 was developed to counter the increased sophistication and threat of hostile air forces and integrated air systems in use around the world. Scheduled for operations in 2005, the F/A-22 has unprecedented fighter and attack capabilities with its balanced design of stealth, supercruise speed, and extreme agility, along with advanced integrated avionics and a pilot-friendly cockpit.

For more information contact Glenn E. Tynan, CFO of Curtiss-Wright Corporation, at (973) 597-4700, or via e-mail at gtynan@cwcorp.curtisswright.com. Visit the company’s Web site at [www.curtisswright.com].