Supplier Goodrich Corp. Gets $300M Contract From Lockheed Martin

CHARLOTTE, N.C. (AP) — Aerospace supplier Goodrich Corp. said Wednesday it received a contract from Lockheed Martin to supply pylons for a program to improve U.S. Air Force military transport aircraft. The $300 million contract is a follow-on to an earlier agreement between Goodrich and Lockheed Martin to provide pylons and nacelles for three test aircraft and nine airplanes in the initial phase of the U.

CHARLOTTE, N.C. (AP) — Aerospace supplier Goodrich Corp. said Wednesday it received a contract from Lockheed Martin to supply pylons for a program to improve U.S. Air Force military transport aircraft.

The $300 million contract is a follow-on to an earlier agreement between Goodrich and Lockheed Martin to provide pylons and nacelles for three test aircraft and nine airplanes in the initial phase of the U.S. Air Force C-5 Galaxy strategic airlifter Reliability Enhancement and Re-engining Program.

The 160 pylons — structures that attach the propulsion system to the aircraft's wing — are to be delivered in early 2011 through the end of 2015 under the new contract. Work will be performed by Goodrich's Aerostructures teams in Chula Vista, Calif., and Foley, Ala.

Goodrich also has a life-of-program contract with General Electric Aircraft Engines to provide nacelles for engines that will power 49 of the new aircraft, which with the new engines and improvements will be called C-5M Super Galaxy.

Shares of Goodrich fell 30 cents to close at $83.16.

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