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Four Coliseum Centre Website: http://www.goodrich.com Goodrich Corporation is a leading global supplier of systems and services to the aerospace and defense industry. If there's an aircraft in the sky -- Goodrich is on it. Goodrich employs more than 23,000 people worldwide in over 90 facilities across 16 countries. Goodrich offers an extensive range of products, systems and services for aircraft and engine manufacturers, airlines and defense forces around the world. The company's transformation into one of the globe's largest aerospace companies has been driven by strategic acquisitions and internal growth. From aerostructures and actuation systems to landing gear, engine control systems, sensors and safety systems, Goodrich products are on almost every aircraft in the world. In 2007, Goodrich had sales of $6.4 billion, a 12% increase over the previous year, and net income of $484 million. On January 18, 2008, Goodrich announced that it enhanced its presence in the high-growth helicopter market through the acquisition of Skyline Industries. The acquisition is expected to be accretive to earnings in 2008. Goodrich continues to invest in its growing aftermarket business. In January 2008, Goodrich announced that it is expanding its Customer Services maintenance, repair and overhaul (MRO) campus in Monroe, NC. This expansion will increase the company's capabilities and allow for additional services, including complex repairs of helicopter actuation products and large aircraft cargo systems. In November 2007, Goodrich unveiled its new 115,000-square-foot aircraft component and systems maintenance and repair campus in Dubai. As well as providing MRO services to the region's airlines, the facility is planning to support military fleets with spares and repair capabilities for programs such as the F-16, F-18 and Tornado aircraft. On November 15, 2007, Goodrich announced that it had completed the sale of its airframe heavy maintenance business, Goodrich Aviation Technical Services, Inc. (ATS), to a subsidiary of Macquarie Group Limited. History In 1870, Dr. Benjamin Franklin Goodrich established the first rubber company west of the Allegheny Mountains, leading to Akron, OH, becoming the Rubber Capital of the World. BFGoodrich also establishes one of the first research labs in the United States. BF Goodrich developed synthetic rubber and revolutionized the tire industry in 1946 with the tubeless tire. The company would exit the tire business in 1988. It acquired Coltec Industries in 1999, creating a multi-industry company with leading positions in aerospace, performance materials and engineered industrial products. In 2001, BFGoodrich exits the specialty chemicals business completing its transformation to a leading aerospace and industrial products company. BFGoodrich becomes Goodrich Corporation to reflect the growing, dynamic company it has become. Goodrich spins off its industrial businesses to shareholders in 2002 - creating two strong publicly traded companies focused on their own customers, products and markets. The new EnPro Industries, Inc. is traded on the New York Stock Exchange under ticker symbol NPO. Goodrich also acquires TRW Aeronautical Systems in 2002 creating the world's largest "pure play" aerospace company. Updated February 14, 2008 |