Curtiss-Wright Acquires Tactical Communications Group

Leading Supplier of Tactical Data Link Software for Aerospace &
Defense Customers

DAVIDSON, N.C.–(BUSINESS WIRE)–
Curtiss-Wright Corporation (NYSE: CW) today announced that it has
completed the acquisition of Tactical Communications Group (TCG), LLC
for $50 million in cash. TCG, a private company, is a leading designer
and manufacturer of tactical data link (TDL) software solutions for
critical military communications systems. The acquired business will
operate within Curtiss-Wright’s Defense segment, and is expected to be
accretive to 2019 earnings per share excluding the effects of first year
purchase accounting adjustments.

“This acquisition yields significant opportunities for growth by
enhancing our existing flight test instrumentation offering with
complementary tactical data link processing software, analytics and
visualization capabilities, and also providing penetration into the
tactical data link test, simulation and training markets,” said David C.
Adams, Chairman and CEO of Curtiss-Wright Corporation. “TCG’s proven
commercial off-the-shelf (COTS) TDL software solutions minimize the time
and effort required to build, integrate, test, train, and deploy
effective and affordable military communications systems. Further, this
transaction is consistent with our disciplined acquisition strategy and
supports our long-term financial objectives to drive continued
profitable growth for our shareholders.”

TCG’s software solutions provide a complete ecosystem for enhancing the
value of deployed data link systems. These solutions allow platform
integrators to validate their links, provide more valuable data services
on their networks, and utilize comprehensive analytics, simulation,
scripting, and visualization of the network data to drive effective
training and situational awareness solutions.

Founded in 2001, TCG is a recognized leader in tactical data link
software solutions for military communications systems around the world.
Their products help to secure and exchange wireless communications,
including voice, imagery, text, and command and control messages,
between various platforms such as ships, aircraft, weapons, and ground
vehicles, and by dismounted soldiers. TCG has broad exposure on
high-performance military aircraft and at major defense flight test
centers. Key products include LinkPro tactical data link processing
software, Battlefield Operations Support System (BOSS) software for
scripting and simulation capability, and HUNTR for integrating LinkPro
software with multi-TDL standard message translation, as well as the
Ground TDL System (GTS) hardware test station.

Headquartered in Tewksbury, MA, TCG has approximately 50 employees and
generated sales of approximately $15 million in 2018, principally to the
aerospace defense market.

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 9,000 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 that are based on management’s beliefs and
assumptions. Such statements, including statements relating to
Curtiss-Wright Corporation’s expectations for the future opportunities
associated with the acquisition, the success of integrating Tactical
Communications Group’s technology into our existing world-wide network,
and the success of the Company integrating Tactical Communications Group
into its Defense segment are not considered historical facts and are
considered forward-looking statements under the federal securities laws.
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 US
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 Exchange Act of 1934, as amended, for further
information.

View source version on businesswire.com:

https://www.businesswire.com/news/home/20190318005745/en/

Jim Ryan
(704) 869-4621
jim.ryan@curtisswright.com

Source: Curtiss-Wright Corporation

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