Press Release - Curtiss-Wright to Acquire Hybricon Corporation

Curtiss-Wright to Acquire Hybricon Corporation

Expands Defense Electronics Subsystems Portfolio

PARSIPPANY, N.J., May 27, 2010 -- Curtiss-Wright Corporation (NYSE: CW) announced it has signed a definitive purchase agreement to obtain Hybricon Corporation ("Hybricon") for $19 million in cash. Hybricon is a leading supplier of high performance electronic packaging for the aerospace, defense and commercial markets. Providing electronic subsystem integration expertise, Hybricon improves the efficiency of product development and reduces design and manufacturing risk for aerospace, defense and commercial customers. The deal is expected to be completed by June 1, 2010.

"Hybricon's expertise in advanced packaging and thermal management for deployed military system enclosures will strengthen Curtiss-Wright's leadership position in the aerospace and defense electronic subsystems market," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "The addition of Hybricon's electronic enclosure technologies in our overall design and manufacturing portfolio will expand our system integration capabilities and significantly enhance Curtiss-Wright's ability to provide mission-critical rugged solutions to customers worldwide."

The Ayer, Massachusetts-based company designs and manufactures custom and standards-based electronic backplanes and enclosures for use in commercial and defense applications. Hybricon is a leading supplier for the most popular embedded commercial-off-the-shelf (COTS) system architectures, including VXS, OpenVPX, VME64X, VPX, MicroTCA, and CompactPCI. In 2009 Hybricon generated approximately $17 million in sales, with an 85% concentration in the defense market. Hybricon will operate out of Curtiss-Wright’s Motion Control segment within its Electronic Systems division.

About Curtiss-Wright

Headquartered in Parsippany, NJ, Curtiss-Wright Corporation is a diversified company that designs, manufactures and overhauls products for motion control and flow control applications. The corporation provides a variety of specialized metal treatment services, while employing approximately 7,500 people worldwide. For more information, visit www.curtisswright.com.

About Curtiss-Wright Controls, Inc.

Headquartered in Charlotte, N.C., Curtiss-Wright Controls is the motion control segment of Curtiss-Wright Corporation (NYSE: CW). Curtiss-Wright Controls is a leading international technology-based organization. With manufacturing facilities around the world, the company provides niche motion control products, subsystems and services for the aerospace and defense markets. For more information, visit www.cwcontrols.com.

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