Curtiss-Wright — Aug 7, 2024 release

• Ultra Energy is a leading global provider of safety-critical monitoring systems, temperature and pressure sensors, and reactor protection and control systems principally to the commercial nuclear and A&D markets; • The business is expected to be accretive to Curtiss-Wright's adjusted diluted earnings per share in its first full year of ownership, excluding first year purchase accounting costs, and produce a free cash flow conversion rate in excess of 100%; and • The acquisition is expected to close in the third quarter of 2024, subject to U.K. regulatory approval, and the acquired business will operate within Curtiss-Wright's Naval & Power segment. Second Quarter 2024 Operating Results (In millions) Q2-2024 Q2-2023 Change Reported Sales $ 785  $ 704  11  % Operating income $ 129  $ 113  14  % Operating margin 16.4  % 16.0  % 40 bps Adjusted (1) Sales $ 785  $ 704  11  % Operating income $ 133  $ 115  16  % Operating margin 17.0  % 16.4  % 60 bps (1) Reconciliations of Reported to Adjusted operating results are available in the Appendix. • Sales of $785 million increased 11% compared with the prior year period; • Total A&D market sales increased 16%, while total Commercial market sales increased 2%; • In our A&D markets, we experienced strong growth in the defense markets principally driven by strong demand for our defense electronics products and the timing of production ramps in naval defense, as well as higher OEM sales in the co