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U.S. Army Awards Goodrich Contract for Laser Warning Systems
Goodrich Corporation has been awarded a five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the U.S. Army with an initial order and a separate contract for an anticipated combined value of $187 million for the procurement of up to 855 AN/AVR-2B(V) Laser Warning Systems. Goodrich has supplied production threat detection and laser warning systems for use on aviation, naval and ground platforms for over 20 years. The AN/AVR-2B(V) detects rangefinders, target designators and beamrider laser-aided systems. Goodrich’s ISR Systems team in Danbury, Conn. will supply the systems. According to Jerry Witowski, Segment President, Electronic Systems, “We're pleased to continue our relationship with the U.S. Army and provide our service men and women with this vital protection system. This contract allows for the continuing development of this critical technology base for future operational requirements." The AN/AVR-2B(V) is the latest generation of Goodrich aviation laser warning systems to be used by the U.S. armed forces. The system is smaller and lighter than the previous version, uses less power, and demonstrates enhanced performance, reliability, and maintainability. It detects rangefinders, target designators, and beam rider laser-aided weapon systems, and is capable of multiple aircraft signal interfaces. In addition, the system 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. To date, Goodrich has delivered over 8,500 aviation and ground laser warning systems to the U.S. and other armed forces around the world. 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 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 the U.S. Army. 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, 2006 and the company's quarterly report on Form 10-Q for the quarter ended July 31, 2007. 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. |
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