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News Release

March 12, 2003

Metal Improvement Company Acquires Wayne, MI Shot Peening Company

The Metal Improvement Company ("MIC"), a wholly owned subsidiary of the Curtiss-Wright Corporation, announced the acquisition of selected assets of Advanced Material Process Corporation (AMPC), a privately-owned company located in Wayne, Michigan. AMPC is a supplier of commercial shot-peening services primarily to the automotive market in the Detroit area.

AMPC operates a 36,000 square foot facility with approximately fifty employees. Commenting on the acquisition, Martin Benante, Chairman and CEO of Curtiss-Wright, stated, "This acquisition adds to our leadership position as the number one provider of shot-peening services in the world."

Metal Improvement Company, headquartered in Paramus, NJ, is a recognized worldwide leader in providing outsourced shot-peening, shot-peen forming and heat treating. These metal treatment services are provided to the aerospace, defense, automotive, petrochemical, agricultural equipment, power generation, medical and metalworking industries. Operations are conducted through a network of 45 service facilities located in North America and Europe. More information on Metal Improvement Company can be found on the internet at www.metalimprovement.com.

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