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Boeing and Goodrich Sign New Long-Term Landing Gear Agreement

CHARLOTTE, N.C., July 26 /Xinhua-PRNewswire/ -- Goodrich Corporation (NYSE: GR) has signed a new long-term agreement with the Boeing Company under which Goodrich will continue as the exclusive supplier of original equipment and aftermarket landing gear for the 737, 747, 767 and 777 Commercial Airplanes programs. The agreement extends supply arrangements through 2012.

According to Jack Carmola, Segment President, Actuation and Landing Systems for Goodrich, "This agreement serves as a strategic foundation for our continued relationship with Boeing -- a key customer. Our commitment to working together with Boeing coupled with our shared commitment to lean manufacturing and continuous improvement serves as the cornerstone for this agreement. Furthermore, our support of the Boeing production system will enable us to continue to provide Boeing with high-value products as we work together to find mutual solutions."

Goodrich manufactures and assembles Boeing landing gear at its facilities in: Ohio; Tenn.; Wash.; Ontario, Canada; and Poland.

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.

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 Boeing aircraft; the actual amount of product purchased by Boeing under the contract; potential cancellation of orders by customers; and global demand for spare parts and aftermarket services. 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, 2006 and the company's quarterly report on Form 10-Q for the quarter ended March 31, 2007.

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.

Source: Goodrich Corporation; GR - Actuation and Landing Systems
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