Rolls-Royce Signs Goodrich To Support Total Care Program For British Airways 787s
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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV