This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Rolls-Royce Signs Goodrich To Support Total Care Program For British Airways 787s

Stock quotes in this article: GR

CHARLOTTE, N.C., May 8, 2012 /PRNewswire/ -- Goodrich Corporation (NYSE: GR) has signed an agreement with Rolls-Royce to provide nacelle maintenance services for British Airways under the engine maker's Total Care support program. The contract is scheduled to start upon delivery of British Airways' first Boeing 787 Dreamliner® aircraft in 2013. The agreement, which is the first for a Boeing 787 under Goodrich Aerostructures' Prime Solutions® suite of aftermarket services, will enable Rolls-Royce to provide British Airways with a fully integrated propulsion system support program.

Goodrich and Rolls-Royce have been working on the 787 propulsion system since before program launch in 2004. "The Rolls-Royce Trent 1000 engine and the Goodrich nacelle system are highly integrated.  It makes sense to combine the two systems into an all-encompassing service offering to optimize the support programs of both organizations," said Goodrich Aerostructures president Marc Duvall.

The nacelle support program will be managed in conjunction with Rolls-Royce, and will use Goodrich's MRO (maintenance, repair and overhaul) facility in Prestwick, Scotland. It will also take advantage of Goodrich's global nacelle MRO presence to offer support in all regions where the 787 Dreamliner will fly.

"As the original equipment manufacturer for the 787 nacelle, Goodrich is uniquely positioned to provide this type of comprehensive maintenance program this early in the airplane's lifecycle," said Paul Farsetta, vice president and general manager Aftermarket Services for Goodrich Aerostructures.  "This agreement also paves the way for Rolls-Royce to provide these same nacelle services to other customers."

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.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs