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Press Release
January 09, 2007
Goodrich to Supply Nacelle and Thrust Reverser Systems for Airbus A350 XWB
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

"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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