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Press Release
March 12, 2001
Goodrich Selected to Supply Landing Gear for the Airbus A380; Contract Value Could Exceed $2 Billion Over 20 Years

CHARLOTTE, N.C., March 12 /PRNewswire/ -- In what could be one of the largest contracts in the company's history, The BFGoodrich Company (NYSE: GR) announced today that it has been selected to supply the body and wing landing gear for Airbus' new A380 aircraft. Under the contract, Goodrich will engineer and manufacture the gear, and ensure customer support once the aircraft enters commercial service in 2006. The A380 will be the largest commercial passenger aircraft in the world and will seat 555 passengers in a standard three-class layout.

(Photo: http://www.newscom.com/cgi-bin/prnh/20000314/CHTU013-a )

This is the first time that Goodrich, already a major supplier to Airbus, has been selected by the company to supply main landing gear. The program has the potential to generate total revenues in the range of $2-$3 billion over a 20-year period depending on the number of aircraft ordered. In addition to the original equipment, Goodrich will also provide spare parts and gear packages directly to the operators of the A380 aircraft.

"Airbus is seeking the highest technical leadership and capability in all suppliers to the A380 program. In a very thorough and detailed evaluation, Goodrich demonstrated it was best placed to meet the very high standards set by Airbus for the A380," said Charles Champion, A380 program general manager.

In commenting on the order, John Grisik, Group President, Landing Systems at Goodrich, said, "We are very pleased to have been selected by Airbus after an extensive assessment of our technical, manufacturing and support capabilities. Airbus is an important customer and we look forward to extending our supplier relationship to include landing gear." The aircraft manufacturer currently represents approximately 14 percent of the company's aerospace revenues. Goodrich supplies aerostructures, wheels and brakes, and electronic, evacuation, de-icing and specialty systems for a broad range of Airbus aircraft.

The landing gear for the A380 will be designed and manufactured at the company's facilities in Cleveland, Ohio, and Oakville, Ontario. Final assembly will be in Goodrich's facilities next to the A380 assembly line in Toulouse, France. The initial shipset delivery is scheduled for the first quarter of 2004, with first flight of the aircraft targeted later that year. The aircraft is anticipated to enter commercial service in March 2006.

With 2000 sales of $4.4 billion, The BFGoodrich Company (NYSE: GR) is a leading worldwide supplier of aerospace components, systems and services, as well as sealing and compressor systems and other engineered industrial products. In aircraft landing systems, the company supplies gear for virtually all commercial aircraft produced in North America and for numerous military, regional and business aircraft. In addition, its aircraft wheels and brakes are in service on commercial, regional, business and military aircraft throughout the world. The company has announced plans to change its name to Goodrich Corporation on June 1st, 2001.

Goodrich is ranked by Fortune magazine as one of the most admired aerospace companies and is included on Forbes magazine's Platinum List of America's best big companies. The company has its headquarters in Charlotte, North Carolina, and employs 23,000 people worldwide. For more information, please visit our website at www.bfgoodrich.com.

(Part of this announcement contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially from those projected in the forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed with the Securities and Exchange Commission, including but not limited to the last section of the Management's Discussion and Analysis entitled "Forward-Looking Information is Subject to Risk and Uncertainty" contained in the company's Annual Report on Form 10-K filed on February 22, 2000, the Current Report on Form 8-K filed on December 17, 1999 and in other filings.)
SOURCE The BFGoodrich Company
Web site: http: //www.bfgoodrich.com
Photo: NewsCom: http: //www.newscom.com/cgi-bin/prnh/20000314/CHTU013-a AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT: Kevin Ramundo, 704-423-7024, or Gail K. Warner, 704-423-7048, both of The BFGoodrich Company, or David Venz of Airbus, 703-834-3400

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Goodrich Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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