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Airbus Selects Goodrich Wheels and Carbon Brakes for A350 XWB Aircraft Family

Posted on: Tuesday, 9 December 2008, 13:14 CST

CHARLOTTE, N.C., Dec. 9, 2008 /PRNewswire-FirstCall/ -- Goodrich Corporation (NYSE: GR) has been selected by Airbus to supply wheels and carbon brakes for all variants of the A350 XWB family of aircraft. The selection is expected to generate more than $3 billion in revenue over the life of the program. The equipment will be provided by Goodrich's Aircraft Wheels and Brakes team in Troy, Ohio.

The A350 XWB wheels and brake equipment will marry state of the art design techniques with service-proven product technology. The brakes will utilize Goodrich's DURACARB(R) carbon heat sink material. As part of a successful service history, DURACARB(R) has demonstrated 35% greater brake life than competing carbon braking materials, producing cost savings for operators. Key elements of the selection process included product capabilities, design technique, and demonstration of mature, robust program management processes. Goodrich is the first supplier selected to provide wheels and brakes for the A350 XWB.

"This selection for the Airbus A350 XWB provides a position for Goodrich wheels and brakes on a new widebody aircraft that will serve airlines for decades to come," said Jack Carmola, Segment President, Actuation and Landing Systems, Goodrich. "As one of Airbus' largest suppliers, we look forward to participating in the success of this important new aircraft." Other Goodrich content on the Airbus A350 XWB family includes nacelle and thrust reverser systems and the air data system.

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.

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 aircraft; the actual amount of product purchased under the contracts; potential cancellation of orders by customers; extension of contracts with the company relating to the aircraft beyond the initial contract period; and global demand for the aircraft's spare parts and aftermarket services. 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, 2007 and the company's quarterly report on Form 10-Q for the quarter ended September 30, 2008.

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 - Actuation and Landing Systems


Source: PR Newswire

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