- Selection is expected to generate $3 billion in revenue over life of program
CHARLOTTE, N.C., Dec. 9, 2008, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Goodrich
Corporation (NYSE: GR) has been selected by Airbus to supply wheels and carbon
brakes for all variants of the A350 XWB family of aircraft. The selection is
expected to generate more than $3 billion in revenue over the life of the
program. The equipment will be provided by Goodrich's Aircraft Wheels and
Brakes team in Troy, Ohio.
The A350 XWB wheels and brake equipment will marry state of the art design
techniques with service-proven product technology. The brakes will utilize
Goodrich's DURACARB(R) carbon heat sink material. As part of a successful
service history, DURACARB(R) has demonstrated 35% greater brake life than
competing carbon braking materials, producing cost savings for operators. Key
elements of the selection process included product capabilities, design
technique, and demonstration of mature, robust program management processes.
Goodrich is the first supplier selected to provide wheels and brakes for the
A350 XWB.
"This selection for the Airbus A350 XWB provides a position for Goodrich
wheels and brakes on a new widebody aircraft that will serve airlines for
decades to come," said Jack Carmola, Segment President, Actuation and Landing
Systems, Goodrich. "As one of Airbus' largest suppliers, we look forward to
participating in the success of this important new aircraft." Other Goodrich
content on the Airbus A350 XWB family includes nacelle and thrust reverser
systems and the air data system.
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 September 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 - Actuation and Landing Systems
