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• New agreement provides exclusive position
on large aircraft landing gear overhauls
Goodrich Corporation has received an expanded
landing gear overhaul service agreement from Continental
Airlines to cover virtually every model in the airline’s
Boeing aircraft fleet. The expanded portion of
the agreement is expected to generate $49 million in
revenue over five years.
Under the contract amendment, Goodrich will perform overhaul services for landing gear on Continental’s Boeing 737-700/800/900, 767 and 777 aircraft, in addition to the Boeing 757-200 and 737 Classic models already under service agreement to Goodrich. Work will be performed by the Goodrich Landing Gear team in Opa-Locka, Fla. just outside Miami.
Mike Brand, President, Landing Gear at Goodrich, said, “This
new agreement is evidence of the positive, long-standing
relationship we share with Continental Airlines. We look
forward to providing them with exceptional quality, delivery
and service for years to come.”
Goodrich is the original equipment manufacturer of landing gear on virtually every Boeing airliner in service today including the 707, 727, 737, 747, 757, 767 and 777 families of aircraft.
Goodrich Corporation, a Fortune 500 company, is a leading
global supplier of systems and services to the aerospace
and defense industry. 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.
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: the actual amount
of products and services purchased under the contract;
potential cancellation of orders by the customer; and
the impact of higher fuel prices on the industry. 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 March 31, 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.
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