- Selection is Expected to Generate $750 Million in Revenue over 20 Years
CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 24, 2009--
Goodrich
Corporation (NYSE: GR) has been selected by Bombardier to design and
produce the high lift actuation system for the new Bombardier CSeries
family of commercial aircraft. The selection is expected to generate
more than $750 million in original equipment and aftermarket revenue
over 20 years. Work will be performed by Goodrich’s Actuation
Systems team in Wolverhampton, UK.
Goodrich will provide a fully integrated high lift flap and slat system
for the aircraft including actuators, power drive units, wing tip
brakes, electronic control units, cockpit levers, transmission shafts
and sensors. This new fully optimized design builds on the millions of
high lift flight hours experience gained across a wide range of aircraft
platforms, providing built-in maturity for the CSeries airliners. In
addition, Goodrich will provide complete system integration optimized
for the aircraft.
The Goodrich team in Wolverhampton will also provide the thrust reverser
actuation system, an integral part of the nacelle
system, for the Pratt & Whitney PurePower™ PW1000G engine that will
power the CSeries. Goodrich was selected to provide the nacelle system
for the PW1000G in 2008.
Eric Schulz, president, Goodrich Actuation Systems, said, “In providing
both the high lift and thrust reverser actuation systems to Bombardier,
we are leveraging our experience on these products to provide a truly
integrated and optimized solution for the new generation single-aisle
CSeries aircraft.”
The CSeries aircraft will emit 20* per cent less CO2 and 50*
per cent less NOx, fly four* times quieter, and deliver dramatic energy
savings – 20* per cent fuel burn advantage as well as 15* percent
improved cash operating costs – versus current in-production aircraft of
similar size. Launch customer Lufthansa is scheduled to receive up to 60
of the aircraft; entry into service is expected in 2013.
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.
*The CSeries aircraft is in the design phase. All data and
specifications are estimates, subject to change in family strategy,
branding, capability, performance during the course of the design,
manufacture and certification process. Performance has been estimated
based on a 500-nm North American operating environment.
PurePower™ is a registered trademark of United Technologies Corp. –
Pratt & Whitney.
Bombardier and CSeries are trademarks of Bombardier Inc. or its
subsidiaries.
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 Bombardier
C-Series aircraft; the actual amount of product purchased under the
contract; potential cancellation of orders by customers; and global
demand for spare parts and aftermarket services for these aircraft.
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, 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.
GR – Actuation and Landing Systems
Source: Goodrich Corporation
Goodrich Corporation
Laurie Tardif, +1 704 423 7048
Mobile:
+1 704 264 7338
or
Lisa Bottle, +1 704 423 7060
