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Airbus Selects Goodrich Nacelles and Thrust Reversers for A350
Charlotte, North Carolina (ots/PRNewswire) -
- Contract expected to generate approximately US$6 billion in original equipment and aftermarket sales for Goodrich over 20 years
Airbus has selected Goodrich Corporation (NYSE: GR) to provide the nacelles and thrust reversers for the new A350 aircraft. The contract is expected to generate approximately US$6 billion in original equipment and aftermarket sales for Goodrich over 20 years. The A350 is due to enter into service in 2010.
Jack Carmola, Segment President, Engines Systems for Goodrich stated, "The A350 is an important market expansion for Airbus, and is further evidence of our success across the broad spectrum of commercial aircraft platforms. We view the medium, twin-aisle market as robust and having significant growth potential. This award demonstrates the confidence Airbus has in Goodrich. We appreciate that confidence and are excited about continuing our long relationship with them."
Design and production of the A350 nacelle systems will leverage existing lean design and manufacturing processes. The work will be performed by Goodrich's Aerostructures business headquartered in Chula Vista, California and its major assembly facility in Toulouse, France.
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 Airbus A350 aircraft; potential cancellation of A350 orders by customers; the willingness of Airbus to extend its contract with the company relating to the A350 nacelle system beyond the initial contract period; and global demand for A350 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, 2003 and the company's quarterly report on Form 10-Q for the quarter ended September 30, 2004.
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.
Web site: http://www.goodrich.com
ots Originaltext: Goodrich Corporation; GR - Engine Systems
Im Internet recherchierbar: http://www.newsaktuell.ch
Media, Gail K. Warner, +1-704-423-7048, or Lisa Bottle,
+1-704-423-7060, or Investor Relations, Paul Gifford,
+1-704-423-5517, all of Goodrich Corporation