- Selections are expected to generate more than $600 million in revenue over
20 years
CHARLOTTE, N.C., Sept. 10, 2008 /PRNewswire-FirstCall/ -- Goodrich
Corporation (NYSE: GR) has been selected by Airbus to supply the air data
system (ADS) as well as ice detection system for the new A350 XWB (Xtra
Wide-Body) commercial aircraft. Together, the awards are expected to generate
more than $600 million in original equipment and aftermarket revenue over 20
years. Work will be performed by Goodrich's Sensors and Integrated Systems
team in Burnsville, Minn.
The ADS provides all critical air data parameters to the vehicle
management computers for the aircraft's flight control and pilot display
systems. SmartProbe(TM) and SmartPort(R) air data sensing technology allows
integration of multi-function sensing ports, pressure sensors and processing
capability through the elimination of pneumatic lines. The total number of
discrete product installations is reduced, overall weight is decreased, and
reliability and maintainability are significantly improved.
The ice detection system provides advisory indication of ice buildup and
enables the flight crew to activate the aircraft's ice protection system at
the optimal time. The system helps reduce fuel consumption by activating the
energy-consuming de-ice function only when required. Goodrich is the only
company certified by the FAA to provide primary ice detection systems for
commercial aircraft.
"Both the air data and ice detection systems for the A350 are evolutions
of the systems Goodrich provides for the Airbus A380, and we expect customers
to reap the benefits of maturity and commonality," said Jan Mathiesen, Vice
President, Goodrich Sensors and Integrated Systems. "These selections
continue Goodrich's role as the leading provider of air data systems as well
as ice detection systems to the aerospace industry worldwide."
Goodrich's content on the A350 also includes nacelle and thrust reverser
systems. The A350 XWB Family is Airbus' response to widespread market demand
for a series of highly efficient medium-capacity long-range wide-body
aircraft. With a range of up to 8,300 nautical miles, it is available in
three basic passenger versions accommodating between 270 and 350 passengers in
a typical three-class layout.
Goodrich Corporation, a Fortune 500 company, is a global supplier of
systems and services to aerospace, defense and homeland security markets.
With one of the most strategically diversified portfolios of products in the
industry, Goodrich serves a global customer base with significant worldwide
manufacturing and service facilities. For more information, visit
http://www.goodrich.com.
Goodrich Corporation operates through its divisions and as a parent
company for its subsidiaries, one or more of which may be referred to as
"Goodrich Corporation" in this press release.
Forward Looking Statements
Certain statements made in this release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995
regarding the company's future plans, objectives, and expected performance.
Specifically, statements that are not historical facts, including statements
accompanied by words such as "believe," "expect," "anticipate," "intend,"
"estimate," or "plan," are intended to identify forward-looking statements and
convey the uncertainty of future events or outcomes. The company cautions
readers that any such forward-looking statements are based on assumptions that
the company believes are reasonable, but are subject to a wide range of risks,
and actual results may differ materially.
Important factors that could cause actual results to differ include, but
are not limited to: demand for and market acceptance of the aircraft; the
actual amount of product purchased under the contracts; potential cancellation
of orders by customers; extension of contracts with the company relating to
the aircraft beyond the initial contract period; and global demand for the
aircraft's spare parts and aftermarket services. Further information regarding
the factors that could cause actual results to differ materially from
projected results can be found in the company's filings with the Securities
and Exchange Commission, including in the company's Annual Report on Form 10-K
for the year ended December 31, 2007 and the company's quarterly report on
Form 10-Q for the quarter ended June 30, 2008.
The company cautions you not to place undue reliance on the forward-
looking statements contained in this release, which speak only as of the date
on which such statements were made. The company undertakes no obligation to
release publicly any revisions to these forward-looking statements to reflect
events or circumstances after the date on which such statements were made or
to reflect the occurrence of unanticipated events.
SOURCE Goodrich Corporation; GR - Electronic Systems
CONTACT: Laurie Tardif, +1-704-423-7048, or Lisa Bottle,
+1-704-423-7060, both of Goodrich Corporation
Web site: http://www.goodrich.com
