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News Release

June 30, 1999

Metal Improvement Company Acquires Fort Wayne Heat-Treating Facility

PARAMUS, N.J. -The Metal Improvement Company, a wholly owned subsidiary of the Curtiss-Wright Corporation, announced today that it has acquired Metallurgical Processing, Inc. (MPI), a major Midwest supplier of commercial heat-treating services primarily to the automotive and industrial markets. MPI has annual sales of several million dollars and services a broad spectrum of customers from its Fort Wayne, Indiana location. MPI provides a number of metal-treating processes including carburizing, hardening, and carbo-nitriding.

The purchase of MPI supports the Company's strategy of expanding the heat-treating segment of its business through acquisition. It adds an established market presence in an attractive industrial area.

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 thirty-seven 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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