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Curtiss-Wright Announces New President of Flow Control Segment
ROSELAND, N.J., May 3 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation
(NYSE: CW; CW.B), a diversified, global provider of highly engineered products
and services through its Motion Control, Flow Control, and Metal Treatment
segments, today named David J. Linton as President of the Flow Control segment,
Curtiss-Wright Flow Control Corporation. Mr. Linton will replace Richard
Langseder who has served as Interim President of CWFCC since October of 2003.
Mr. Langseder will assume the position of Executive Vice President for CWFCC.
An aerospace and defense industry veteran, Mr. Linton brings 26 years of
experience in the aerospace, defense and technology markets. Most recently he
worked at Raytheon Network Centric Systems as Vice President of Program
Management. Prior to joining Raytheon, Mr. Linton served as Chief Executive
Officer of Cordiem LLC, an aerospace B2B consortia comprised of nine major
airlines and three original equipment manufacturers, and as Vice President and
General Manager of Electric Systems for Hamilton Sundstrand Corporation, a
United Technologies Company. His engineering and business expertise includes a
broad range of technologically advanced systems and components, systems
engineering, strategic planning and business development, and provides an
excellent background for leading the Flow Control segment with its growing
market reach.
Curtiss-Wright's flow control business began in 1951 as Target Rock and
originally specialized in the design and manufacture of highly engineered
valves and related products for Naval Propulsion systems. Since 1998,
Curtiss-Wright Flow Control has made seven acquisitions and has significantly
expanded its product line and distribution capabilities to the commercial power
generation, oil, gas and chemical processing industries. As a result of the
segment's continued growth and product line expansion, Flow Control's 2003
sales were $341 million compared with $172 million in 2002, a 97% increase.
Martin R. Benante, Chairman and CEO of Curtiss-Wright said, "Curtiss- Wright's
Flow Control segment has achieved exceptional growth in recent years, both in
the military market and by expanding into complementary commercial markets.
The appointment of David Linton as President of Flow Control gives me great
confidence in the strategic direction and future performance of this business.
I have the highest regard for David's experience, leadership, enthusiasm and
insight." Mr. Benante continued, "We are extremely grateful to Mr. Langseder
for overseeing our Flow Control segment during the past six months. He is a
highly valued employee with a long tenure at Curtiss-Wright and he will
continue to provide significant contributions to the growth and management
operations of Curtiss-Wright Flow Control."
Mr. Linton earned a Bachelors of Science degree in Mechanical Engineering from
the University of Wisconsin, Madison and a Masters in Business Administration
degree from Rockford College. He has taken an active role in professional and
community activities, including serving on the Boards of Directors for Cordiem
LLC and Jet-A.com, as well the Rockford Symphony Orchestra.
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 of metal treatment
services. The firm employs approximately 4,900 people worldwide. More
information on Curtiss-Wright can be found on the Internet at
http://www.curtisswright.com/.
Forward-looking statements in this release are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied. Readers are cautioned not to place undue reliance on these forward-
looking statements, which speak only as of the date hereof. Such risks and
uncertainties include, but are not limited to: a reduction in anticipated
orders; an economic downturn; changes in competitive marketplace and/or
customer requirements; a change in government spending; an inability to perform
customer contracts at anticipated cost levels; and other factors that generally
affect the business of aerospace, defense contracting, marine, and industrial
companies. Please refer to the Company's current SEC filings under the
Securities and Exchange Act of 1934, as amended, for further information.
This press release and additional information on the company is available at
http://www.curtisswright.com/.
DATASOURCE: Curtiss-Wright Corporation
CONTACT: Alexandra Magnuson of Curtiss-Wright Corporation,
+1-973-597-4734
Web site: http://www.curtisswright.com/