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Press Release
July 19, 2004
(Farnborough 2004) Rolls-Royce Selects Goodrich Technology for Joint Strike Fighter LiftFan Clutch Materials

-- Overall, the Joint Strike Fighter is expected to generate $4-5 billion in revenue for Goodrich over the life of the program

CHARLOTTE, N.C., July 19 /PRNewswire-FirstCall/ -- Rolls-Royce has selected a proprietary composite technology produced by Goodrich Corporation (NYSE: GR) for use in the System Development and Demonstration phase of the F135 propulsion system's LiftFan for the Joint Strike Fighter (JSF). Goodrich will provide LiftFan clutch friction material for the Short Take Off Vertical Landing (STOVL) version of the JSF aircraft. First production deliveries of LiftFan clutch packs for the Joint Strike Fighter are scheduled for 2009.

Goodrich's Santa Fe Springs, California-based high temperature composites team will provide a clutch pack for each JSF STOVL propulsion system. The clutch pack transmits the torque from the engine to the LiftFan to allow vertical takeoff, and then disengages when wing-borne flight is underway. The engine initially transfers the equivalent power of three train locomotives through the clutch, and the rapid engagement results in extremely high heat generation. Goodrich's composite materials are tailored to provide the right amount of friction while absorbing that heat.

According to Paul Walsh, Vice President, High Temperature Composites for Goodrich, "Our F135 propulsion system design team has been working in close partnership with Rolls-Royce since the early days of the program to develop a friction material that would survive the extreme application and at the same time meet Rolls-Royce's cost requirements. As part of Goodrich's Aircraft Wheels and Brakes division, we have over 50 years of experience in developing friction materials for demanding aerospace applications. We're proud to be part of the overall Goodrich team participating on this exciting program."

The company estimates the overall potential value of its JSF business to be $4-5 billion in revenue over the life of the program, including original equipment and aftermarket sales and service. Goodrich has been selected to provide the following to the F-35 -- landing systems, fuel quantity gauging components and the associated wiring harnesses as part of the F-35's fuel measurement system, the LiftFan driveshaft and coupling, the anti-icing system, and the rotary-geared actuators for the weapons bay door drive system.

Rolls-Royce is developing the LiftFan as part of the Rolls-Royce LiftSystem(R), part of a System Development and Demonstration subcontract from Pratt & Whitney, for the F135 propulsion system for the Joint Strike Fighter program.

Goodrich Corporation, a Fortune 500 company, is a leading global supplier of systems and services to the aerospace and defense industry. If there's an aircraft in the sky - we're on it. Goodrich technology is involved in making aircraft fly ... helping them land ... and keeping them safe. Serving a global customer base with significant worldwide manufacturing and service facilities, Goodrich is one of the largest aerospace companies in the world. 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 F-35/Joint Strike Fighter; global demand for F-35 spare parts and aftermarket services; potential cancellation of F-35 orders by customers; domestic and foreign government military spending and budgetary policies; and economic and political changes in international markets where the company competes, such as changes in currency exchange rates, inflation, deflation, recession and other external factors over which the company has no control. 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, 2003.

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 GR - Airframe Systems

"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.