-- 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
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 .
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