Curtiss-Wright Signs $400 Million Credit Facility

Curtiss-Wright Signs $400 Million Credit Facility 


FARNBOROUGH, England, July 23  /PRNewswire-FirstCall/ -- Curtiss-Wright
Corporation (NYSE: CW; CW.B) has entered into an agreement with a group of ten
banks establishing a $400 million credit facility to replace existing lines
totaling $225 million. The Company plans to use the credit line for working
capital purposes, internal growth initiatives, funding of possible future
acquisitions and other general corporate purposes.  The agreement has a five
year term expiring in 2009.  Banc of America Securities, LLC and J.P. Morgan
Securities, Inc. served as Co-Lead Arrangers. Bank of America, N.A. is the
Administrative Agent and JPMorgan Chase Bank is the Syndication Agent.  The
Co-Documentation Agents are SunTrust Bank and Citibank, N.A.

"Over the past two years, we have more than doubled our sales through a
combination of internal growth and strategic acquisitions," said Martin R.
Benante, Chairman and CEO of Curtiss-Wright.  "The successful completion of
this financing supports our strategic vision of continued long-term growth in
each of our business segments while maintaining a strong and healthy balance
sheet."

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 5,000 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, electronics, 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. 

DATASOURCE: Curtiss-Wright Corporation



CONTACT:  Alexandra M. Deignan of Curtiss-Wright, [phone]



Web site:  http://www.curtisswright.com/ 

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