Goodrich Wins USD$10 Bln Airbus Contract

January 9, 2007

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US aerospace component company Goodrich said on Tuesday it won a contract to supply nacelle and thrust reverser systems to Airbus for all variants of the planemaker's recently launched A350 XWB aircraft.

Goodrich said the contract will generate about USD$10 billion in equipment, service and spare part revenues over 20 years.

The US company is also making nacelles -- the structure surrounding the jet engine -- for Boeing's 787, the main competitor for Airbus's new A350. Goodrich is also making the landing gear for Airbus's A380 superjumbo.

Goodrich's main competitor in this market is Aircelle, part of French group Safran, which is Europe's leading nacelle manufacturer.

The US company is one of the first major suppliers to be named to the A350 XWB (extra wide body) program. Airbus's long-awaited mid-sized jet got final management approval in December after an earlier version failed in competition with Boeing's 787.