Goodrich Signs 2 Key Support Agreements with Emirates

Goodrich Corporation (NYSE: GR) has signed two significant support agreements with Emirates. The first is a General Terms Agreement (GTA) which provides the framework for all future maintenance, repair and overhaul (MRO) agreements between Emirates and Goodrich. The second represents the first application of this GTA. Under the 10-year Specific Business Agreement, Goodrich will deliver comprehensive overhaul and support services for the suite of 16 passenger evacuation slides on the Emirates Airbus A380 fleet. All maintenance work will be conducted at Goodrich's Middle East MRO campus in Dubai, United Arab Emirates. Joel Haldemann, Goodrich's vice president Europe, Middle East, Africa MRO explained, "Both the GTA and the SBA are significant milestones in the growing business relationship between Goodrich and Emirates. The agreements add to the substantial body of MRO work we already perform for Emirates, and demonstrate our drive to deliver effective, regionally-based MRO and support solutions, all while focusing on speed and ease of doing business." Ammar Al Zaben, Emirates' vice president of procurement (Aircraft) added, "We view the two agreements with Goodrich as win-win for both companies. The GTA will vastly simplify and speed up discussions for future tender opportunities, reducing time and resource requirements and increasing business efficiency. Additionally, Goodrich's comprehensive, quality support offerings and locally-based MRO campus make it easier to do business. These were key factors in our decision to outsource this activity and to award this SBA to Goodrich."

Source: Goodrich Corporation (NYSE: GR)
Date: Nov 15, 2011