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Bombardier Selects Goodrich as High Lift System Provider for CSeries Aircraft

Dépèche transmise le 24 mars 2009 par Business Wire

Bombardier Selects Goodrich as High Lift System Provider for CSeries Aircraft

CHARLOTTE, N.C.--(BUSINESS WIRE)--Goodrich Corporation (NYSE: GR) has been selected by Bombardier to design and produce the high lift actuation system for the new Bombardier CSeries family of commercial aircraft. The selection is expected to generate more than $750 million in original equipment and aftermarket revenue over 20 years. Work will be performed by Goodrich’s Actuation Systems team in Wolverhampton, UK.

Goodrich will provide a fully integrated high lift flap and slat system for the aircraft including actuators, power drive units, wing tip brakes, electronic control units, cockpit levers, transmission shafts and sensors. This new fully optimized design builds on the millions of high lift flight hours experience gained across a wide range of aircraft platforms, providing built-in maturity for the CSeries airliners. In addition, Goodrich will provide complete system integration optimized for the aircraft.

The Goodrich team in Wolverhampton will also provide the thrust reverser actuation system, an integral part of the nacelle system, for the Pratt & Whitney PurePower™ PW1000G engine that will power the CSeries. Goodrich was selected to provide the nacelle system for the PW1000G in 2008.

Eric Schulz, president, Goodrich Actuation Systems, said, “In providing both the high lift and thrust reverser actuation systems to Bombardier, we are leveraging our experience on these products to provide a truly integrated and optimized solution for the new generation single-aisle CSeries aircraft.”

The CSeries aircraft will emit 20* per cent less CO2 and 50* per cent less NOx, fly four* times quieter, and deliver dramatic energy savings – 20* per cent fuel burn advantage as well as 15* percent improved cash operating costs – versus current in-production aircraft of similar size. Launch customer Lufthansa is scheduled to receive up to 60 of the aircraft; entry into service is expected in 2013.

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.

*The CSeries aircraft is in the design phase. All data and specifications are estimates, subject to change in family strategy, branding, capability, performance during the course of the design, manufacture and certification process. Performance has been estimated based on a 500-nm North American operating environment.

PurePower™ is a registered trademark of United Technologies Corp. – Pratt & Whitney.

Bombardier and CSeries are trademarks of Bombardier Inc. or its subsidiaries.

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 Bombardier C-Series aircraft; the actual amount of product purchased under the contract; potential cancellation of orders by customers; and global demand for spare parts and aftermarket services for these aircraft. 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, 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.

GR – Actuation and Landing Systems