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United Technologies to sell Rocketdyne unit to GenCorp Inc. — Press Release

HARTFORD, Conn., July 23, 2012 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) today announced it has reached agreement to sell its Rocketdyne unit, currently part of Pratt & Whitney, to GenCorp Inc. for $550 million. The transaction is expected to close in the first half of 2013.

As previously announced, proceeds from the sale will be used to repay a portion of the short-term debt incurred to finance the proposed acquisition of Goodrich Corporation. The transaction is subject to customary closing conditions, including regulatory approvals.

“We are pleased to announce GenCorp’s agreement to purchase Rocketdyne. It is a significant step in our ongoing portfolio transformation,” said UTC Chairman & Chief Executive Officer Louis Chenevert. “While it is not core to UTC’s commercial building systems and aerospace businesses, Rocketdyne is a solid company and a national asset with many talented employees. Leading up to the closing with GenCorp, we will remain focused on operational excellence and 100 percent mission success.”

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.

This release includes “forward looking statements” concerning a proposed transaction, its financial and business impact, management’s beliefs and objectives with respect thereto, and management’s current expectations for our future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “confident” and other words of similar meaning in connection with a discussion of future operating or financial performance. It is uncertain whether the events anticipated will transpire, or if they do occur what impact they will have on the results of operations and financial condition of UTC and of the combined companies. These forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including but not limited to the ability of the parties to satisfy the conditions precedent and consummate the proposed transaction, the timing or consummation of the proposed transaction, the ability of the parties to secure regulatory approvals in a timely manner or on the terms desired or anticipated, and the ability to realize opportunities for growth and innovation. Other important economic, political, regulatory, legal, technological, competitive and other uncertainties are identified in the SEC filings submitted by UTC and Goodrich from time to time, including their respective Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date hereof. UTC does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

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Goodrich Teams with KNK to Develop Next Generation ISR Technology — Press Release

Goodrich Teams with KNK to Develop Next Generation ISR Technology

– Combined software expertise facilitates total ISR systems solutions

CHARLOTTE, N.C., Oct. 10, 2011 /PRNewswire/ — Goodrich Corporation (NYSE: GR) has signed a teaming agreement with UK-based Knowledge Network Konsulting (KNK) Ltd. This agreement will enable Goodrich’s Malvern, UK operation to collaborate with the KNK team in developing effective and comprehensive solutions to meet future intelligence, surveillance and reconnaissance (ISR) requirements.

Goodrich is a global provider of proven intelligence exploitation systems for the military while KNK is an innovative provider of intelligence management and decision support software. The integration of the two companies’ software capabilities brings together the expertise required to develop a total ISR solution that offers: requirements generation and tasking; collection and fusion of information from multiple sources; and assessed decision-support outputs. These solutions are fully compliant with both NATO and Coalition Shared Database (CSD) standards.

Sam Macleod, managing director Goodrich’s ISR Systems business explained, “We recently demonstrated the operational benefits gained from this teaming arrangement to the UK Ministry of Defence (MOD) at Empire Challenge (EC) – 2011. The software capability we demonstrated at EC-11 combined the open source, open standards philosophy of iNTOOL with the standards and compliance expertise of the Goodrich CSD. This was a critical demonstration of the operation of a national specialized intelligence process coherently within a coalition environment.”

Mark Nash, concepts director at KNK added, “Embracing data collection and exploitation activities within a managed and auditable process will enable commanders to make quicker decisions with increased confidence.”

Goodrich and KNK look forward to working as a team to provide enhanced ISR support to defense forces in the UK and worldwide.

KNK Ltd, based in Andover, UK, provides intelligence and decision support applications. A young and dynamic player in the world of defense, KNK brings innovative ideas and clear approaches to intelligence challenges faced by governments and militaries. KNK Ltd has delivered and supported iNTOOL, an ISR support tool, on operations in Afghanistan.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to the aerospace and defense industries. 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.

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Does Reports of United Technologies Acquisition Herald Start of Major Defense M&A?

Update — On 22 September United Technologies released a press release stating their intent to acquire Goodrich for an estimated price of $18.4 billion. This would be the largest defense and aerospace related acquisition in many years. The transaction will still take several months as it goes through regulatory review. The CEO of United Technologies stated “Goodrich delivers on all of our acquisition criteria. It is strategic to our core, has great technology and people, and strengthens our position in growth markets.”

Late last week various reports began to arise the United Technologies Corp. (UTX), a large and diverse company that among its products makes military helicopters and jet engines, was interested in acquiring either Goodrich Corp. (GR) or Rockwell Collins (COL). Both of these companies make aerospace components for military and commercial uses.

The cost of the deal would be quite high compared to other recent defense M&A. Somewhere in the neighborhood of $7 billion for Goodrich requiring United Technologies to borrow a large amount of the necessary capital. Last year Goodrich’s earnings were around $7 billion while United Technologies’ sales were about $54 billion. Rockwell’s most recent quarter showed $1.19 billion in sales.

All three companies make major components for civil and military aviation so they synergy of the acquisition is there. They also all have significant business with the U.S. Department of Defense and other militaries across the world. The move would also fit in with how United Technologies is organized as it keeps strict lines of business under separate former corporations such as Sikorsky Aircraft, Pratt & Whitney and Hamilton Sundstrand. Moving another company into the group would not be difficult.

To this point there have been some large M&A moves this year by large defense contractors. Both General Dynamics (GD) and Lockheed Martin (LMT) have acquired health technology companies recently with the GD move coming in at close to $1 billion. Northrop Grumman (NOC) also spun off their shipbuilding arm into a new company called Huntington Ingalls Industries (HII) rather then sell it but it still could be a target for acquisition.

This move by United Technologies though is much larger and seems to herald a return to the Nineties when medium and even large defense contractors were merged and acquired. This was due to the lack of demand from the U.S. compared to the decade previously and it is expected that U.S. defense spending will decline in the near future due to deficit issues and the reduction in combat in Afghanistan and Iraq. The Senate Appropriations Committee in their mark-up of 2012 spending froze it at 2011 levels which is a cut when compared to what the Administration requested of about $26 billion.

The acquisition also works well for United Technologies as both companies mentioned have a significant part of the civil aviation industry as it does itself. This will allow expansion there that would offset any decline in defense sales.

If this acquisition goes through it might start a chain of similar moves as defense contractors begin to adjust to the new market and parts are jettisoned or added. ITT Corporation just broke off its former defense business into a new company called ITT Exelis. This might be a target for acquisition as it should be similar to the $7 billion in price for Goodrich.

If the United Technologies deal does happen it might be what the defense industry needs to push companies to make decisions about larger M&A that could lead to market contraction similar to the Nineties. Although the Defense Department has made clear that they do not want any of the larger defense contractors merging with each other.

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Goodrich Delivers 331st Sonar Dome Rubber Window for U.S. Navy DDG-51 Class Destroyers — Press Release

Goodrich Delivers 331st Sonar Dome Rubber Window for U.S. Navy DDG-51 Class Destroyers

CHARLOTTE, N.C., Jan. 10, 2011 /PRNewswire/ — Goodrich Corporation (NYSE: GR) recently delivered its 331st sonar dome rubber window (SDRW) to the U.S. Navy. Goodrich’s Engineered Polymer Products (EPP) team in Jacksonville, Fla. has been the exclusive supplier of sonar domes for FFG-7, DDG-51, and CG-47 class ships to the U.S. Navy and allied navies for more than 40 years. A sonar dome is an acoustically transparent housing that surrounds the sonar transducer array, which together make up the sensor part of the sonar system.

“We have a long history of innovation in building quality components that support anti-submarine warfare capabilities for the U.S. Navy’s powerful surface fleet,” said Jim Pollock, vice president for Goodrich’s Engineered Polymer Products team. “With decades of proven experience working with the U.S. Navy in improving sonar systems technology, combined with the development of innovative processing techniques, we are uniquely positioned to offer superior acoustic technologies for continued DDG-51 class production.”

DDG-51 class destroyers are the newest class of ships that use SDRWs and are multi-mission combatants. They can conduct a variety of operations, from peacetime presence and crisis management to sea control and power projection, in support of National Military Strategy. DDG-51 class destroyers are capable of simultaneously fighting air, surface and subsurface battles. The ships contain a myriad of offensive and defensive weapons designed to support maritime defense needs well into the 21st century.

Mounted on the bow of destroyers and cruisers, the sonar dome surrounds and protects the ship’s sonar array while offering minimum interference to sound transmission and reception for enhanced detection and classification of underwater targets. Goodrich pioneered the development of rubber wire-reinforced surface ship sonar domes for anti-submarine surface combatants. The rubber’s unique energy absorption and reflection properties enhance the ships’ detection capability.

Goodrich marine composite products and acoustic materials will be on display in stand 207 at the Surface Navy Association’s Annual Symposium in Crystal City, Va. from January 11-13, 2011. Experts will be available from company sites in Jacksonville, Fla. and Washington, D.C.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to the aerospace and defense industry. 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.

SOURCE Goodrich Corporation; GR – Nacelles and Interior Systems

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Goodrich Receives UK MoD Contract for Aircraft Support — Press Release

Goodrich Receives UK MoD Contract for Aircraft Support

- Order continues a decade of support to the UK RAF

PR Newswire

CHARLOTTE, N.C., Oct. 25, 2010

CHARLOTTE, N.C., Oct. 25, 2010 /PRNewswire/ — Goodrich Corporation (NYSE: GR) has received a follow-on contract worth over 7 million pounds Sterling (approximately US $10 million) from the UK Ministry of Defence (MoD) for Performance Based Logistics (PBL). The contract continues a decade of support for a number of legacy instruments used on a range of UK jets and helicopters in operational service. The contract was awarded to Plymouth, UK-based Atlantic Inertial Systems (AIS), which became part of Goodrich’s Sensors and Integrated Systems in December 2009.

“A decade ago our Plymouth business was one of the first recipients of a PBL contract in the UK,” said Jim Chapman, VP Operations, Atlantic Inertial Systems. “We believe this follow-on contract is a testimony to the quality and efficiency of the support we have provided to the RAF since that time,” he added.

Goodrich’s AIS team is a leading provider of mission-critical guidance, navigation and stabilization products and systems for military and commercial markets. In addition to design, development and production of MEMS devices and the TERPROM® software system, the AIS Plymouth, UK operation provides spares, repairs and obsolescence management for legacy equipment. Products supported include mechanical gyrocompasses and control systems for aircraft such as the Hawk and Sea King.

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.
Read more

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Goodrich Introduces Low SWaP Shortwave Infrared Camera for Unmanned Vehicles — Press Release

Goodrich Introduces Low SWaP Shortwave Infrared Camera for Unmanned Vehicles

Small, lightweight camera enables 24-hour imaging capabilities

CHARLOTTE, N.C., Aug. 23, 2010 /PRNewswire-FirstCall/ — Goodrich Corporation (NYSE:GR) has introduced the smallest SWaP (size, weight and power) shortwave infrared (SWIR) camera for unmanned vehicles. The camera weighs less than four and a half ounces and has a total volume of less than 4.9 cubic inches, making it suitable to fit on board almost any unmanned aerial or ground vehicle. Currently it is installed in the nosecone of a Raven hand-launched unmanned aerial system (UAS).

The new camera, developed by Goodrich’s ISR Systems team in Princeton, N.J., features the company’s proprietary indium gallium arsenide (InGaAs) technology to see light wavelengths from 0.7 micrometers to 1.7 micrometers, whereas traditional night vision cameras can detect wavelengths up to roughly 1.0 micrometers. The Goodrich SWIR camera’s expanded capabilities allow the user to detect and track a wide range of military lasers, day or night, with exceptional clarity.

The camera is installed on the Raven UAS with a 320×240 resolution long-wave infrared (LWIR) microbolometer. The camera augments the microbolometer’s thermal night imaging capabilities by enabling visual verification of laser location and imaging during thermal crossover – the hours of sunrise and sunset – when the performance of traditional thermal imaging systems is degraded.

According to Martin Ettenberg, director of business development for Goodrich’s ISR Systems Princeton team, “The Goodrich SWIR camera combined with the LWIR microbolometer on the same platform allows 24-hour coverage from a single unmanned aerial system. This provides warfighters new capabilities and new concept of operations while meeting the low-SWaP requirements of the modern battlefield. It also eases the physical burden on warfighters by allowing them to carry a single camera payload.”

Goodrich will be showcasing its SWIR cameras for UAV applications at AUVSI’s Unmanned Systems North America show from Aug. 24-27, 2010 at the Colorado Convention Center, Denver, Colo. Please stop by Goodrich’s booth #2215 for a demonstration.

Goodrich ISR Systems team in Princeton, N.J. (formerly Sensors Unlimited, Inc.) has pioneered the design and production of NIR and SWIR cameras and systems utilizing advanced indium gallium arsenide (InGaAs) imaging technology for industrial, commercial, military, agricultural, and scientific markets. For additional information on InGaAs-based shortwave infrared imaging detectors, arrays, and systems, please visit www.sensorsinc.com.

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 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.

GR – Electronic Systems

Source: Goodrich Corporation; GR – Electronic Systems

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Goodrich Delivers 2,000th Helicopter Health and Usage Management System (HUMS) — Press Release

Goodrich Delivers 2,000th Helicopter Health and Usage Management System (HUMS)

Diagnostic health management system saves time, money for military, commercial helicopters

CHARLOTTE, N.C., March 11, 2010 /PRNewswire-FirstCall/ — Goodrich Corporation’s (NYSE:GR) Sensors and Integrated Systems business in Vergennes, Vt. marked the delivery of its 2,000th helicopter health and usage management system (HUMS) in a ceremony March 8, 2010 attended by employees and U.S. Senator Patrick Leahy (D-VT). Leahy has supported the company in winning more than $100 million in contracts to develop and deploy the HUMS systems for a number of helicopter platforms for the U.S. Army and Marine Corps.

“I am incredibly proud to mark this day with the men and women of Goodrich,” said Leahy. “2,000 HUMS units are a win for Vermont, the Department of Defense, and our men and women in uniform. These life-saving, money-saving devices keep our helicopters flying safely and have been at the heart of this region’s economy.”

Goodrich Sensors and Integrated Systems vice president Gary Loftus described how a U.S. Army Black Hawk helicopter unit, fully equipped with HUMS, recently set a new record for numbers of hours flown in a 12-month period and saved taxpayers $45 million in maintenance costs. “The HUMS units give feedback to mechanics that enable them to catch big problems while they are still small, inexpensive problems,” Loftus explained. “They also catch problems while the helicopter is either on the ground or in time to get the helicopter to the ground safely. Our employees are proud of the role they play in helping our warfighters save lives, time and money.”

Goodrich’s Health and Usage Management Systems (HUMS) give mechanics feedback on a helicopter’s engine performance, structural performance and rotor performance – allowing a helicopter to be serviced before major system failures. Before the use of HUMS units, helicopters were routinely taken out of service for unnecessary preventative maintenance. The units are onboard a variety of military and commercial helicopters including the U.S. Army’s UH-60 Black Hawk and CH-47 Chinook, the U.S. Marine Corps’ CH-53E Super Stallion, and Sikorsky’s commercial S-76D® and S-92 aircraft.

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.

GR – Electronic Systems

Source: Goodrich Corporation; GR – Electronic Systems

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C-130 Fleet Upgrade with New Goodrich Boltless Wheels and Carbon Brakes Will Benefit U.S. Air Force, International Operators — Press Release

C-130 Fleet Upgrade with New Goodrich Boltless Wheels and Carbon Brakes Will Benefit U.S. Air Force, International Operators

New equipment to offer significant performance, cost, and maintainability advantages

SINGAPORE, Feb. 1, 2010 /PRNewswire-FirstCall/ — SINGAPORE AIRSHOW — Goodrich Corporation (NYSE:GR) is rapidly accomplishing program objectives under its contract with the U.S. Air Force to upgrade the service’s C-130 transport fleet with new boltless wheels and carbon brakes. Goodrich’s Aircraft Wheels and Brakes team completed the critical design review 60 days after contract award. Goodrich is currently under contract to perform qualification activities, support flight testing, and provide retrofit equipment for the Air Force’s C-130 fleet. Qualification activities are expected to be completed in the first quarter of 2011, followed by initial hardware deliveries to the Air Force.

The upgrade program is progressing rapidly in part because Goodrich performed much of the pre-work design and development activities prior to the contract award. Jeff Atkinson, director of military programs, Goodrich Aircraft Wheels and Brakes, said, “The Air Force required us to conduct extensive design and development testing of our candidate hardware prior to contract award in order to fully substantiate our proposal.

“Our C-130 carbon brakes are designed to last eight times longer and weigh 20 percent less than the current steel brakes, and a tire change using Goodrich’s C-130 boltless wheel takes 80 percent less time than the current bolted wheel,” continued Atkinson. “We are seeing strong international interest in the upgrade because of the significant weight and maintenance savings, and expect to begin international deliveries in late 2011. Our low-risk design and validation approach combined with advanced aircraft wheel and brake technologies will provide the worldwide C-130 community with significant performance, cost and maintainability benefits throughout the life of the fleet.”

Goodrich DURACARB® carbon braking systems provide lighter weight, longer life, higher performance and lower cost of ownership compared to steel braking systems. Goodrich boltless aircraft wheels employ a lock-ring design dramatically lowering maintenance time and cost, as well as parts count, when compared to traditional bolted aircraft wheels. Goodrich aircraft wheels and brakes are in service on more than 20,000 military, commercial, regional and business aircraft produced by aircraft manufacturers such as Airbus, Boeing, Bombardier, Cessna, Embraer, Lockheed Martin and Northrop Grumman.

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.

Source: Goodrich Corporation; GR – Actuation and Landing Systems

CONTACT: At Singapore Airshow, Lisa Bottle, +1-704-258-1506, In U.S.,
Laurie Tardif, +1-704-423-7048, First Call: Paul Gifford, Investor Relations,
+1-704-423-5517

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Goodrich Corporation Completes Acquisition of Atlantic Inertial Systems — Press Release

Goodrich Corporation Completes Acquisition of Atlantic Inertial Systems

CHARLOTTE, N.C., Dec. 21, 2009 /PRNewswire-FirstCall/ — Goodrich Corporation (NYSE:GR) has completed the acquisition of AIS Global Holdings LLC (AIS), known as Atlantic Inertial Systems, from an investment affiliate of J.F. Lehman & Company. The purchase price was approximately $375 million.

Goodrich had announced its intentions to acquire AIS on November 17, 2009. Details on the transaction can be found on the Goodrich press release issued that day; click here to read in its entirety.

AIS is a leading provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market. J.F. Lehman & Company is a private equity investment firm that focuses exclusively on acquiring middle market companies in the defense, aerospace and maritime industries.

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.

Source: Goodrich Corporation; GR – Electronic Systems

CONTACT: Media: Laurie Tardif, +1-704-423-7048, +1-704-264-7338 M; or
Investor Relations: Paul Gifford, +1-704-423-5517, both of Goodrich
Corporation

Web Site: http://www.goodrich.com/

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Emirates Selects Goodrich for Airbus A380 Evacuation Systems Support — Press Release

Emirates Selects Goodrich for Airbus A380 Evacuation Systems Support

Letter of intent expected to increase support to Emirates at Goodrich Dubai campus

CHARLOTTE, N.C., Nov. 15, 2009 /PRNewswire-FirstCall/ — Goodrich Corporation (NYSE:GR) has signed a letter of intent with Emirates to become the exclusive provider of evacuation system maintenance, repair and overhaul (MRO) services for the airline’s fleet of 58 Airbus A380 aircraft. A 12-year agreement is expected to be signed shortly. The work will be performed by Goodrich’s MRO campus in Dubai, United Arab Emirates.

The Goodrich campus in Dubai currently supplies Emirates with MRO support for cabin attendant seats, cargo systems, electronic engine controls, sensor systems, nacelle systems, and other components and systems.

According to Paul Snyder, president, Goodrich Customer Services, “With Emirates, we have cultivated a local aftermarket support program through a simplified working relationship. Providing evacuation systems support is the newest element in this relationship. Goodrich is committed to developing customized MRO and asset management solutions with operators in the region, and we continue to expand our capabilities to support changing operator needs.”

Adel Al Redha, Emirates’ executive vice president for engineering and operations, said, “Emirates is pleased to be working with Goodrich for the ongoing maintenance of our Airbus A380 evacuation systems. Their Dubai facility is a clear demonstration of their commitment to increase the volume of business and support within the region and in particular the United Arab Emirates. Like Emirates, Goodrich is a world leader in its field and we look forward to a long and mutually beneficial relationship.”

Goodrich’s Dubai campus is strategically located to serve operators in the Europe, Middle East and Africa regions, providing local MRO, asset management and AOG services for an extensive range of Goodrich products and systems. Goodrich has additional MRO campuses in Australia, China, Singapore, and the U.S.

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.

Source: Goodrich Corporation; GR – Nacelles and Interior Systems

CONTACT: At Dubai Air Show: Martin Butler +44 7774 125885; In U.S.:
Laurie Tardif, +1-704-423-7048; First Call: Paul Gifford, Investor Relations,
+1-704-423-5517

Web Site: http://www.goodrich.com/

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Goodrich To Refit Wheels And Brakes On C-130 Fleet

Goodrich Corp was awarded a contract by the U.S. Air Force to begin retrofitting the C-130 fleet of transport aircraft with new wheels and brakes. The contract is worth up to $400 million. Goodrich hopes that these products will also be sold to foriegn customers of the highly used aircraft.

The new system of boltless wheels and carbon brakes should improve the wear and reduce maintenance on the aircraft. C-130 transports tend to be used on rougher fields then the C-17 and face different issues. Anything that makes maintenance less common and improves the life of components like these should save the operator money in the long run. It also may raise the readiness rate of this aircraft critical to the United State’s efforts in Afghanistan and Iraq.

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C-5 upgrade contract spills over

Goodrich announced that they received a subcontract from Lockheed Martin to provide engine pylons and casings for the C-5 Upgrade Program. See a press release here. The contract is worth $600 M and indicates the size of the total program. As the US is now dependent on a fleet of C-5 and C-17 aircraft continued extension of the life of the C-5 is critical to supporting combat operations in Afghanistan and Iraq.

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EADS continues expansion into US

April 1, 2008 by · Comment
Filed under: commercial aviation, EADS, Goodrich, logistics 

EADS and Goodrich corporation have signed an agreement to allow repair of aircraft components at its plant in Alabama. See the story here. Whether this is related to the KC-45 win or not, it will allow EADS to use a cheaper facility to provide repair options for its aircraft.

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Night vision equipment contract awarded to Goodrich Corp

January 6, 2008 by · Comment
Filed under: DARPA, development program, Goodrich 

Goodrich Corp won a contract from DARPA to develop night vision applications for helmet and UAVs. Further details were not available, announcement is here.

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