CHARLOTTE, N.C., Jan 09, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Goodrich Corporation
(NYSE: GR) will provide Airbus with nacelle and thrust reverser systems for
all variants of the recently launched A350 XWB aircraft. The contract is
expected to generate approximately $10 billion in original equipment and
aftermarket revenues for Goodrich over 20 years.
The contract includes the integration of the Goodrich technology with each
engine manufacturer's offering/option. Therefore, Goodrich will ultimately be
providing Airbus with complete propulsion systems ready to be installed on the
A350 XWB final assembly line.
"We're proud to be the first large equipment integrator that Airbus has
selected as part of its team for this exciting new aircraft. Their choice of
our technology for this high profile platform is a testament to our long-
standing relationship with Airbus. Together our team with Airbus has been
focusing on leveraging new technology and manufacturing processes with a
primary objective of delivering product maturity at entry into service as well
as the potential for the development of a nacelle and thrust reverser system
that is truly integrated with the aircraft and engine," stated Curtis Reusser,
President of Goodrich's Aerostructures division.
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.
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 Airbus A350 XWB
aircraft; the actual amount of product purchased by Airbus under the contract;
potential cancellation of A350 XWB orders by customers; the willingness of
Airbus to extend its contract with the company relating to the A350 XWB
nacelle system beyond the initial contract period; and global demand for A350
XWB 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, 2005 and the company's quarterly report on Form 10-Q for
the quarter ended September 30, 2006.
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 - Nacelles and Interior Systems
Media contacts, Gail Warner, +1-704-423-7048, or Lisa Bottle, +1-704-423-7060, or
Investor Relations, Paul Gifford, +1-704-423-5517, all of Goodrich Corporation