Goodrich Awarded U.S. Army Contract for Laser Warning Systems

CHARLOTTE, N.C., Feb. 1, 2011 /PRNewswire/ -- Goodrich Corporation (NYSE: GR) has been awarded a five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the U.S. Army for an anticipated maximum value of $47 million for the procurement of additional AN/AVR-2A(V) Laser Warning System components. The AN/AVR-2A(V) enhances aircraft survivability by detecting multiple laser aided threats and weapons systems.

Goodrich's ISR Systems team in Danbury, Conn. will supply the components. Andreas Nonnenmacher, vice president, ISR Systems said, "This order supports our long standing relationship with the U.S. Army to provide our service men and women with this vital aircraft survivability technology. This contract allows for the supply and support of this critical equipment deployed in the field, while continuing production of the next generation system."

The AN/AVR-2A(V) has been in production since 1995 and is the predecessor to the latest generation of Goodrich aviation laser warning systems, the AN/AVR-2B(V).  Both are capable of multiple aircraft signal interfaces and detect rangefinders, target designators, and beam rider laser-aided weapons systems. In addition to its core capabilities the AN/AVR-2A(V) can interface with the Multiple Integrated Laser Engagement System, Air-to-Ground Engagement System II (MILES-AGES II) training system to provide pilots with combat tactical training that closely simulates weapon engagements.

During the last 25 years Goodrich and its predecessor companies have delivered over 8,500 aviation and ground laser warning systems to the U.S. and other armed forces around the world. This includes more than 1,500 AN/AVR-2A(V) systems.

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.

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 Laser Warning Systems; the actual amount of product purchased by the U.S. Army under the contract; and potential cancellation of orders by customers. 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.

SOURCE Goodrich Corporation; GR - Electronic Systems

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