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Goodrich to Provide Engine Control System for GE Honda HF120 Engine
Goodrich Corporation has been selected to provide an integrated engine control system for the GE Honda HF120 engine, which will power the HondaJet and Spectrum "Freedom" business jets. The contract may generate up to $200 million in original equipment and aftermarket revenue for Goodrich over approximately 20 years. Under the terms of the contract, Goodrich is responsible for the overall engine control systems integration which includes specifying, integrating and testing all control components. Goodrich’s West Hartford, Conn., and Birmingham, U.K. facilities will be designing and manufacturing the fuel control system which includes the Full Authority Digital Electronic Control (FADEC), the Fuel Pump & Metering Unit (FPMU) and the Bleed Valve Actuator (BVA). “This is a strategically significant win for Goodrich, solidifying our position in the light business jet marketplace,” stated Marc Duvall, President of Goodrich’s Engine Control and Electrical Power Systems division, “We are excited about working with GE Honda on their first entry into gas turbine engines for business jets. This contract also marks a first for Goodrich. It is the first major development program leveraging the global breadth of our team’s engine control technologies across our North American & U.K. facilities,” Duvall continued. 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 Forward-looking statements in this press release regarding the company's new agreement with GE Honda are based on assumptions that the company believes are reasonable, but are subject to a wide range of risks. Actual results may differ materially due to, among other factors: differences between the company's assumptions and the actual products and services provided by the company under the agreement; unexpected changes in GE Honda's competitive factors; unexpected changes in the company's contractual relationship with GE Honda; and other risks detailed in the company’s filings with the Securities and Exchange Commission, including the Risk Factors identified in the Form 10-K for the fiscal year ended December 31, 2006. The company cautions you not to place undue reliance on these 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. |
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