Goodrich Selected by Continental Airlines for Additional Landing Gear Overhaul Services

CHARLOTTE, N.C., July 14 /PRNewswire-FirstCall/ -- Goodrich Corporation (NYSE: GR) has received an expanded landing gear overhaul service agreement from Continental Airlines to cover virtually every model in the airline's Boeing aircraft fleet. The expanded portion of the agreement is expected to generate $49 million in revenue over five years.

Under the contract amendment, Goodrich will perform overhaul services for landing gear on Continental's Boeing 737-700/800/900, 767 and 777 aircraft, in addition to the Boeing 757-200 and 737 Classic models already under service agreement to Goodrich. Work will be performed by the Goodrich Landing Gear team in Opa-Locka, Fla. just outside Miami.

Mike Brand, President, Landing Gear at Goodrich, said, "This new agreement is evidence of the positive, long-standing relationship we share with Continental Airlines. We look forward to providing them with exceptional quality, delivery and service for years to come."

Goodrich is the original equipment manufacturer of landing gear on virtually every Boeing airliner in service today including the 707, 727, 737, 747, 757, 767 and 777 families of aircraft.

Goodrich Corporation, a Fortune 500 company, is a leading global supplier of systems and services to the aerospace and defense industry. Serving a global customer base with significant worldwide manufacturing and service facilities, Goodrich is one of the largest aerospace companies in the world. 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 actual amount of products and services purchased under the contract; potential cancellation of orders by the customer; and the impact of higher fuel prices on the industry. 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, 2007 and the company's quarterly report on Form 10-Q for the quarter ended March 31, 2008.

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.