Goodrich Corporation (ticker: GR, exchange: New York Stock Exchange (.N))
News Release -
(FARNBOROUGH AIR SHOW) Goodrich Receives U.S. Army Contract For Health and Usage Management System
FARNBOROUGH AIR SHOW, United Kingdom, July 22 /PRNewswire/ -- Goodrich
Corporation has received a contract for $8.9 million from the Aviation Applied
Technology Directorate, U.S. Army Aviation and Missile Command of Fort Eustis,
Virginia, to supply the Goodrich Integrated Mechanical Diagnostics - Health
and Usage Management System (IMD-HUMS) for the U.S. Army UH-60L helicopter.
Under the terms of this contract, Goodrich will initially provide systems
for eight UH-60L helicopters for a two-year field test of IMD-HUMS. The
contract also provides options for additional systems and follow-on support.
This collaborative project follows a previous Commercial Operations and
Support Savings Initiative (COSSI), under which Goodrich integrated its IMD-
HUMS technology for an Army aviation application using the UH-60A as the
According to J.C. Williams, Vice-President - Diagnostic Systems, of
Goodrich's Fuel & Utility Systems division, "The Army contract is another
important milestone for the Goodrich IMD-HUMS product. It represents the
commitment and dedication on the part of all involved, including the U.S.
Army, Sikorsky, and the Goodrich Diagnostics Systems team. The deployment of
this system is a key building block in the process of moving toward condition-
based maintenance using aircraft information derived from the HUMS data. This
contract is an example of the Army leveraging the technology and investments
made with other government agencies and industry in pursuit of its
"This system will fundamentally change the way the Army maintains its vast
inventory of helicopters. The Army will increase flight safety substantially
and will be able to reduce costs," said Senator Patrick Leahy (D-VT), a strong
supporter of the HUMS system.
The Goodrich IMD-HUMS gathers information on the condition of aircraft
systems throughout each flight. Upon completion of the flight, the processed
data is transferred to a ground-based computer system for further analysis and
maintenance action identification. The system significantly improves
maintenance planning leading to improved fleet readiness, optimized aircraft
usage and performance.
Goodrich previously entered into an agreement with NAVAIR to equip Navy
and Marine Corps CH-53E, MH-53E, SH-60B, and MH-60S/R helicopters with IMD-
HUMS. Goodrich has a similar agreement to supply IMD-HUMS for the Marine
Corps UH-1Y and AH-1Z aircraft. In addition, Goodrich was selected by
Sikorsky Aircraft Company (NYSE: UTX) to supply IMD-HUMS for their new S-92
and S-76 aircraft.
Goodrich Fuel and Utility Systems designs and manufactures fuel
measurement and management systems, aircraft diagnostic systems,
electromechanical actuation systems, and utility systems for a wide variety of
commercial and military aircraft and missiles.
With 2001 aerospace sales of $4.2 billion, Goodrich Corporation (NYSE: GR)
is a leading worldwide supplier of aerospace components, systems and services.
Headquartered in Charlotte, North Carolina, Goodrich is ranked by Fortune
magazine as one of the "Most Admired" aerospace companies and is included on
Forbes magazine's "Platinum List" of America's best big companies. For more
information visit http://www.goodrich.com.
Goodrich PSLRA Statement
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 extent to which the Company is successful in acquiring
and integrating TRW's Aeronautical Systems business; global demand for
aircraft spare parts and aftermarket services; the impact of the terrorist
attacks on September 11, 2001 and their aftermath; the timing related to
restoring consumer confidence in air travel; the health of the commercial
aerospace industry, including the impact of bankruptcies in the airline
industry; the extent to which the Company is able to achieve savings from its
restructuring plans; the solvency of Coltec Industries Inc at the time of and
subsequent to the EnPro spin-off; demand for and market acceptance of new and
existing products, including potential cancellation of orders by commercial
customers; successful development of advanced technologies; competitive
product and pricing pressures; continued operation of Fairchild Dornier and
commitment to the 728 and 928 programs; success of the Airbus A380 and
Lockheed Martin Joint Strike Fighter programs; SFAS No. 142 goodwill
impairment analysis; domestic and foreign government spending, budgetary and
trade policies; economic and political changes in international markets where
the Company competes, such as changes in currency exchange rates, inflation
rates, recession and other external factors over which the Company has no
control; and the outcome of contingencies (including completion of
acquisitions, divestitures, litigation and environmental remediation efforts).
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, 2001.
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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SOURCE Goodrich Corporation
Web site: http: //www.goodrich.com
CONTACT: Gail Warner of Goodrich Corporation, Int'l Cell Phone, +1-704-502-3135, or Hall 4, Stand F8, Chalet Row C, 18-20