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 $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® 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® 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® 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 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: 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.