Airbus Selects Goodrich for A350-1000 Main Landing Gear

CHARLOTTE, N.C., Nov. 18, 2010 /PRNewswire-FirstCall/ -- Goodrich Corporation (NYSE: GR) has been selected by Airbus to provide the main landing gear for the -1000 variant of the A350 XWB aircraft. The contract is expected to generate more than $2 billion in original equipment and aftermarket revenue for Goodrich over the life of the program.

This selection covers the design, test, manufacture and in-service support of the main landing gear. The work represents a global effort involving Goodrich locations in Canada, the United States, Poland, India and France, as well as collaboration with Goodrich's extensive global supply chain.

The main landing gear design will incorporate the latest technologies, including the use of light weight materials, noise reduction features and more environmentally friendly material processes, which will contribute to a more efficient and "greener" aircraft.

"This selection represents a continuation of Goodrich's growing relationship with Airbus as a key landing gear supplier," said Jack Carmola, President of Goodrich's Actuation and Landing Systems segment. "This program will allow us to leverage our experience as the landing gear supplier on the A380 program and continue with this success onto the A350-1000."

In addition to the main landing gear, Goodrich is providing all three members of the A350 XWB Family's nacelle and thrust reverser system, wheels and carbon brakes, air data system and ice detection system, external video system and cabin attendant seats.

The A350-1000 is the largest of the three variants of the A350 XWB twinjet. It is designed to carry up to 350 passengers and has a range of up to 8,000 nautical miles.

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 A350-1000 aircraft; potential cancellation of A350-1000 orders by customers; and global demand for A350-1000 main landing gear spare parts and repairs. 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, 2009 and the company's quarterly report on Form 10-Q for the quarter ended September 30, 2010.

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.

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