Log in to use our free company, program and sector update tracker feature.

Front page

Goodrich announces plans for closure of Ohio landing gear facility

Goodrich Corporation (NYSE: GR) today announced it will close its Marble Avenue landing gear facility in Cleveland, Ohio by the end of 2012 due to program volume decline and the lack of appropriate new work to cost-effectively fill available capacity.

Approximately 400 employees are located at the facility which supplies a range of landing gear equipment for commercial and military customers. The activities currently performed at Marble Avenue will be gradually transferred to other landing gear facilities.

As previously disclosed, Goodrich will record a charge associated with the facility closure. The company expects to record pre-tax charges totaling approximately $39 million of which 40 percent are non-cash. Approximately $16 million ($0.08 per diluted share) will be recorded in the second quarter of 2011 and approximately $5 million ($0.03 per diluted share) will be recorded in the second half of 2011. Approximately $15 million ($0.07 per diluted share) will be recorded in 2012. None of these charges were included in the company's 2011 outlook, released on April 21, 2011. The 2011 outlook will be updated for these items and other business-related revisions as part of the company's second quarter results press release on July 28, 2011.

Press release issued by UTC Aerospace Systems, Landing Gear on June 8, 2011


 Contact details from our directory:
UTC Aerospace Systems, Landing Gear Landing Gear Controls, Aircraft Landing Gear, Aircraft Wheels, Hydraulic Brakes


 Related directory sectors:
Landing Assemblies

Enhanced listings:

Quintus Technologies
Quintus Technologies is a global leading provider of high pressure fluid cell presses and hydroform deep-draw presses for sheet metal forming

Beckwood Press
Your single source for aerospace forming equipment. Manufacturer of Triform Sheet hydroforming presses.

USA Borescopes
USA Borescopes is a global supplier of world class visual inspection equipment. We are the one stop source for aviation professionals.

Samuel, Son & Co.
Looking for a quality metals supplier? Samuel can provide Aircraft Quality metals that meet Commercial and Military specifications

The leading provider of heat treatment services worldwide. Bodycote offers high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.

See our advertising tariff.


data pages remaining in monthly quota for non-subscribers

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2016. Terms & Conditions of reading.