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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Goodrich Signs Agreement With SYPAQ To Represent DB-110 Surveillance System In Australia

CHARLOTTE, N.C., July 10, 2012 /PRNewswire/ -- Goodrich Corporation's (NYSE: GR) ISR Systems team in Westford, Mass. has signed an agreement with SYPAQ Systems Pty. Ltd., based in Melbourne, Australia to represent and provide program management for the Goodrich DB-110 reconnaissance system.

This agreement allows Goodrich to offer direct local representation in Australia and New Zealand.  This is the second agreement for Goodrich and SYPAQ, adding the DB-110 surveillance system offering to the Goodrich intelligence exploitation system agreement already in place.

Andrew Chrostowski, general manager of Goodrich's ISR Systems team said, "We now have the team in place to offer a full reconnaissance system with complete local resources in Australia and New Zealand."

George Vicino, SYPAQ's managing director commented, "Culminating two years of close collaboration, this agreement marks a significant milestone in the relationship between SYPAQ and Goodrich, and we look forward to our joint success in the region."

The DB-110 system comprises an airborne pod containing a long-range, dual-band EO/IR imaging sensor, and fixed and mobile intelligence exploitation systems.  The day/night sensor is suitable for use on fast-jets, large UAVs and business jets.  Ten countries worldwide have already selected the DB-110 for operation, and it has been used very successfully for operations in Afghanistan and Libya.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to the aerospace and defense industries.  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.

SYPAQ Systems Pty Ltd is an Australian owned company operating in the Australian and Asia-Pacific aerospace and defense sectors.  SYPAQ provides its customers and program partners with proven technology solutions combined with SYPAQ's extensive experience in consulting, integration and support.  For more information visit http://www.sypaq.com.au.

SOURCE Goodrich Corporation; GR - Electronic Systems

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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