AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT

AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT

Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 2

Crane Aerospace & Electronics Industry Leader Supplying Critical Systems and Components to the Aerospace, Defense and Space Markets ELDEC Fluid Management Solutions Power Components and Subsystems Hydro-Aire Fluid Management Solutions Landing Gear Systems Interpoint Power Conversion and Subsystems Keltec Power Conversion and Subsystems Lear Romec Fluid Management Solutions Merrimac Industries Microwave Components and Integrated Assemblies P.L. Porter Cabin Systems Polyflon Microwave Components and Integrated Assemblies Signal Technology Microwave Components and Integrated Assemblies Sensing Components and Systems Founded 1943 Founded 1904 Founded 1956 Founded 1957 Founded 1969 Founded 1958 Founded 1947 Founded 1982 Founded 1954 Heritage Brands with Decades of Proven Experience 3

Our Solutions Sensing & Utility Systems Power Cabin Systems Landing Systems Microwave Fluid Management Leading Technology, High Performance, Exceptionally Reliable 4

Our Customers Commercial Defense & Space Aftermarket Global Customers and Large Aftermarket Base 5

Aerospace & Electronics ($ Millions) 2012 2013 2014 2015 2016G Sales 701 694 696 691 724 Operating Profit* 156 160 146 145 148 Operating Margin* 22.2% 23.1% 20.9% 21.0% 20.4% Aerospace & Electronics 25% Commercial Aftermarket 19% Defense Aftermarket 8% OEM Defense 22% Other 6% Defense 30% OEM Commercial 45% Commercial 70% OEM 73% Aftermarket 27% Consistent High Returns While Investing for the Future *Excludes Special Items. Please see non-gaap tables for details. 6

2015 Key Messages Profitability Consistently high returns Increased investment continued in 2015 Growth Drivers Technology insertion Program execution Exceptional customer support Backlog Growth Production rate increase New content on growth platforms Customer funded engineering Positioned for Accelerating Long-Term Growth 7

Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 8

2016 Aerospace & Electronics Outlook OEM Transport build rate increases Business jet market softness Space Fence and F-35 ramp-up Segment Sales 2015 2016G Large Transport & Regional 0% 3% Business 4% (8%) Defense (4%) 24% Total OEM (2%) 8% Aftermarket Retrofit program timing variable Repair and spares business remain stable Segment Sales 2015 2016G Commercial (1%) (4%) Defense 9% (6%) Total Aftermarket 2% (4%) Strong OEM Growth Offsets Modest Decline in Aftermarket OEM segments do not sum to Total OEM. 9

MRO SPEND in 2015 Dollars ($USB) Commercial Market Outlook OEM Aftermarket 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 21,960 Growth 58% 16,090 Replacement 42% 5,000 5,510 0 Retained Fleet 2014 2034 43,560 38,050 $120 $100 $80 $60 $40 $20 $0 $67.1 $12.3 $12.4 $27.9 4.4% 4.1% $83.2 $15.0 $15.2 $37.1 $100.4 $17.8 $19.2 $46.8 $14.5 $15.9 $16.7 2015 2015 2020 CAGRS 3.8% 4.7% 2020 2020 2025 CAGRS Forecast Year and Forecast CAGR 2025 Airframe Engine Component Line Record high aircraft backlog Global fleet doubles over two decades Impact of lower oil prices on aircraft demand uncertain Lower fuel costs tailwind to airlines Record airline profitability Strong passenger traffic growth Higher aircraft utilization Solid Commercial End Market Fundamentals Source: (left-hand chart): Boeing. (right-hand chart): CAVOK, A Division of Oliver Wyman, 2015-2025 Fleet & MRO Market Forecast. 10

Fully Mature In-Production Development Continuous Program Presence Airbus A330neo Airbus A320neo Boeing 737 MAX Boeing 777X COMAC C919 Embraer E-Jet E2 Boeing 737NG Boeing 777 Boeing 787 Airbus A320ceo Airbus A330ceo Airbus A380 Bombardier CRJ7/9/1000 Embraer E-Jet Boeing 737 Classic Boeing 747-400 Boeing 757 Boeing MD-80/90 Boeing MD-11 Airbus A300/A310 Airbus A340 1970 2020 Strong Production and Aftermarket Business Profile 11

Defense Market Outlook US Defense Budget Expectations ($B) Global Military Aviation MRO Market ($B) $468 $479 $437 $534 $601 $666 $666 $691 $687 $645 $578 $581 $560 $580 $583 $42.9 $45.2 $47.7 $49.4 $49.0 $50.7 $50.6 $53.4 $53.5 $56.2 $59.9 $316 $345 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 Fiscal Year 15 16 17 18 19 20 21 22 23 24 25 Calendar Year DoD spending expected to remain relatively stable Investment in aircraft fleet renewal Modernization and upgrades to existing aging fleet Defense Spending Stabilizing Source: (left-hand chart): http://www.defense.gov/news/special-reports/0217_budget. Base Budget +Overseas Contingency Operations (OCO)/Other Budget. (right-hand chart): SDI, The Global Military Aviation MRO Market 2015-2025. 12

Key Defense Platforms Airplane Platforms F-35 Joint Strike Fighter A400M KC-46 Tanker Defense Systems Space Fence Modernization and Upgrade of systems for:» Displays» Communications» Computers» Radar» Electronic Warfare On the Right Strategic Platforms 13

Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 14

Technological Differentiation Enablers Solutions Benefits Simulation Capability Weight Savings Rapid Design Highest Accuracy Software & Hardware Integration Ruggedized for Extreme Environments Application Expertise Improved Efficiency Rigorous Testing Proven Reliability Proprietary Algorithms Enhanced Performance 15

Technical Capability Engineering & Program Management Resources Other 73% Engineering 27% Innovative, Highly Engineered Solutions Provide Differentiation 16

Technical Capability 2.6 Billion Flight Hours of Reliable Anti-Skid Performance 17

Technical Capability Power Products Trusted on Mars 18

Technical Capability The Most Reliable Rotating Component on the Engine 19

Strategic Investments Drive Market Outperformance Significant Content Secured on Major Programs Boeing 737 MAX Airbus A320neo Embraer E-Jet E2 Airbus A330neo Boeing 777X Boeing 787 Fluid Solutions Brake Control Systems Power Solutions Sensing Solutions Tire Pressure Systems Boeing 737 MAX Boeing 787-9/10 Boeing 777X Airbus A320neo Airbus A330neo Embraer E-Jet E2 $5.4B Total Lifetime Value Won Additional $1.4B in Pursuit 20

Investing in Growth Opportunities Self Funded Engineering $60 $50 $40 $30 $20 $10 $0 2010 2011 2012 2013 2014 2015 2016E R&D ($ millions) R&D % Sales 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% Investment for New Program Wins Stable at Elevated Levels 21

$ millions Visibility to Long-Term Sales Growth New Programs Driving Growth A330neo E2 $900 A320neo C919 777-X $800 737MAX $700 $600 $500 $400 $300 2014 2015 2016G 2017 2018 2019 2020P Expect 4%-5% CAGR Through 2020 22

Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 23

Summary 1 Leveraging a fully integrated Aerospace & Electronics organization 2 Long-term revenue growth in commercial OEM 3 Well positioned on key defense platforms 4 Technical capability and customer focus driving future growth 5 Strong position on current and future growth platforms Well Positioned for Continued Profitability and Long-Term Growth 24