flydubai Selects Goodrich Carbon Brakes for Boeing Next-Generation 737 Aircraft
By Goodrich Corporation Gr - Actuation And Landing Systems, PRNESunday, November 15, 2009
CHARLOTTE, North Carolina, November 16 - Goodrich Corporation's (NYSE: GR) Aircraft Wheels and Brakes business has
been selected by flydubai to supply wheels and carbon brakes for its new
fleet of 54 Boeing Next-Generation 737-800 aircraft. The selection is
expected to generate up to US$22 million in revenue over the life of the
contract, including aftermarket support. Aircraft deliveries with the
Goodrich wheel and brake equipment are expected to begin in March 2010 and
continue through 2013.
The wheels and carbon brakes will use Goodrich's proprietary DURACARB(R)
carbon material, which will provide a weight savings of approximately 700
pounds (318 kg) per airplane compared to high capacity steel brakes, and 550
pounds (250 kg) compared to standard capacity steel brakes.
Jim Wharton, vice president of sales and program management for Goodrich
Aircraft Wheels and Brakes, said, "Selection of Goodrich advanced lightweight
wheels and carbon brakes will improve the operational performance of
flydubai's new Next-Generation 737 fleet. Our DURACARB(R) is becoming the
industry benchmark, offering superior landing performance with lower weight,
reducing fuel burn and lowering carbon dioxide emissions."
Ghaith al Ghaith, Chief Executive Officer of flydubai, said, "As the
region's premier low cost airline, we look forward to realizing many
advantages with Goodrich's revolutionary DURACARB(R) carbon brake product.
This product will increase our brake removal intervals and significantly
reduce the weight of the aircraft in service, thus enabling us to lower our
operating costs. We also will enjoy the added benefit of fewer emissions due
to the significant weight savings the Goodrich wheels and brakes bring to our
Next-Generation 737 fleet."
Owned by the government of Dubai, flydubai is Dubai's first low cost
airline and started commercial flights on June 1, 2009. The airline currently
has a fleet of five Next-Generation B737-800 aircraft and operates to eight
routes, making it one of the fastest growing start-up airlines in the world.
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
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: the amount of aircraft actually delivered to the
customer; the actual amount of product purchased under the contract; and
potential cancellation of the orders by the customer. 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, 2008 and the company's quarterly
report on Form 10-Q for the quarter ended September 30, 2009.
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.
Media Contact: At Dubai Air Show, Martin Butler, +44-7774-125885 M; In U.S.: Valerie Francis, +1-937-440-2313 O; or Paul Gifford, Investor Relations, +1-704-423-5517
Tags: Charlotte, Goodrich Corporation; GR - Actuation and Landing Systems, Middle East, North carolina