Goodrich Corporation (ticker: GR, exchange: New York Stock Exchange (.N))
News Release -
TAM Selects Goodrich to Provide Nacelle and Thrust Reverser Service for A320 Fleet Goodrich to establish its first ever presence in Brazil
CHARLOTTE, N.C., April 18, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- TAM, Brazil's largest
airline, has selected Goodrich Corporation (NYSE: GR) to supply a nacelle and
thrust reverser repair service program for its entire fleet of A320 aircraft.
Under the current memorandum of understanding, Goodrich plans to establish its
first ever presence in Sao Carlos, Brazil to perform the service work.
Goodrich anticipates opening a certified repair station in Sao Carlos
later this year. The planned 30,000-square-foot facility will initially
require 20-30 employees. The specialized technicians on-site will focus on
repairing IAE/V2500-A5 engine inlets, fan cowls, and thrust reversers. Longer
term, capabilities to repair the same components for CFM56-5B and the CF680E1
engine nacelle systems are also expected to be established.
"We are pleased that TAM, the leading airline in the Brazilian domestic
market, has selected us to provide maintenance, repair and overhaul services
for its growing fleet. Our Alabama Service Center in Foley has a long-
standing work history and relationship with TAM. This new agreement builds on
that relationship. Furthermore, by creating a Goodrich campus in close
proximity to TAM, we're demonstrating our commitment to offering unparalleled
customer support," said Goodrich Aerostructures Aftermarket Services Vice
President & General Manager Bob Gustafson.
"Goodrich already has one of the largest global MRO footprints in the
industry and our growth continues with this agreement. This new Brazil
facility is a significant milestone in our regional marketing strategy to
expand our long-term partnership agreements to airlines all over the world,"
TAM Supply Chain Director Armando Berti commented, "With Goodrich locating
in the Technological Industrial Park in Sao Carlos, TAM will be able to
increase the competitiveness of its maintenance costs and preserve compliance
with its quality standards. This demonstration of supply chain integration
directly supports TAM business principles that guarantee the sustainability of
our business. We are pleased to be working with Goodrich in accomplishing
Serving 71 cities in the Brazilian domestic market through regional
alliances and seven cities in the international market, TAM currently operates
70 A320 family aircraft, 10 A330s, three MD11s and 16 F100s. It has also
placed additional orders for 52 A320's, six A330s and four Boeing 777s.
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
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 in this press release regarding the company's
memorandum of understanding with TAM are based on assumptions that the company
believes are reasonable, but are subject to a wide range of risks. Actual
results may differ materially due to, among other factors: differences between
the company's assumptions and the actual services provided by the company
under the final agreement or changes to the terms of the memorandum of
understanding in the final agreement; unexpected changes in TAM's competitive
factors; unexpected changes in the company's contractual relationship with
TAM; and other risks detailed in the company's filings with the Securities and
Exchange Commission, including the Risk Factors identified in the Form 10-K
for the fiscal year ended December 31, 2006.
The company cautions you not to place undue reliance on these 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 - Nacelles and Interior Systems
SOURCE Goodrich Corporation; GR - Nacelles and Interior Systems
Gail Warner, +1-704-423-7048, or Lisa Bottle, +1-704-423-7060, both of Goodrich