Curtiss-Wright to Utilize $50 Million in Repatriated Foreign Cash to Expand 2018 Share Repurchase Program

DAVIDSON, N.C.–(BUSINESS WIRE)–Curtiss-Wright Corporation (NYSE: CW) today announced that its Board of
Directors has authorized an additional $50 million for share repurchases
in 2018, to begin immediately via a 10b5-1 program, by using cash that
the Company has begun repatriating from its foreign subsidiaries. This
repurchase activity will be conducted concurrently with the CompanyÔÇÖs
ongoing $50 million share repurchase program for 2018, which began in
January and is being executed via an existing 10b5-1 program.

ÔÇ£We have begun repatriating cash from our foreign subsidiaries and IÔÇÖm
pleased to announce that our first action is to return $50 million in
capital to our shareholders through additional share repurchases,ÔÇØ said
David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. ÔÇ£As a
result, this recent buyback authorization, along with our recent
opportunistic share repurchases, will raise our total 2018 share
repurchase activity to more than $100 million. Curtiss-Wright remains
committed to a disciplined and balanced capital allocation strategy that
consists of reinvesting in our business, complementing our organic
growth with strategic acquisitions, and returning capital to
shareholders to drive long-term shareholder value.ÔÇØ

Earlier this month, the Company repurchased more than $12 million in
shares opportunistically through a supplemental share repurchase program
and has approximately $36 million remaining under the current share
repurchase authorization. Since early 2014, the Company has repurchased
more than 7 million shares for an aggregate purchase price of nearly
$550 million.

About Curtiss-Wright Corporation
Curtiss-Wright Corporation
(NYSE:CW) is a global innovative company that delivers highly
engineered, critical function products and services to the commercial,
industrial, defense and energy markets. Building on the heritage of
Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long
tradition of providing reliable solutions through trusted customer
relationships. The company employs approximately 8,600 people worldwide.
For more information, visit www.curtisswright.com.

This press release contains forward-looking statements made pursuant
to the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements, including statements, among other
things, statements regarding future events (such as statements regarding
dividends, the return of cash to shareholders, the impacts of share
repurchases, and Curtiss-Wright CorporationÔÇÖs ability to deliver revenue
and margin growth, along with solid free cash flow generation) and the
future financial performance of Curtiss-Wright Corporation involve risks
and uncertainties that could cause actual results to differ materially
from those expressed or implied and could cause volatility in the
pricing of Curtiss-WrightÔÇÖs common stock. Such forward looking
statements are not considered historical facts or an indication of
future performance of the CorporationÔÇÖs common stock. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Please refer to the
CompanyÔÇÖs current SEC filings under the Securities Exchange Act of 1934,
as amended, for further information.

Contacts

Curtiss-Wright Corporation
Jim Ryan, 704-869-4621
[email protected]