Goodrich Corporation (NYSE: GR) will provide Airbus with nacelle and thrust reverser systems for all variants of the recently launched A350 XWB aircraft. The contract is expected to generate approximately $10 billion in original equipment and aftermarket revenues for Goodrich over 20 years.

The contract includes the integration of the Goodrich technology with each engine manufacturer's offering/option. Therefore, Goodrich will ultimately be providing Airbus with complete propulsion systems ready to be installed on the A350 XWB final assembly line.

"We're proud to be the first large equipment integrator that Airbus has selected as part of its team for this exciting new aircraft. Their choice of our technology for this high profile platform is a testament to our long standing relationship with Airbus. Together our team with Airbus has been focusing on leveraging new technology and manufacturing processes with a primary objective of delivering product maturity at entry into service as well as the potential for the development of a nacelle and thrust reverser system that is truly integrated with the aircraft and engine," stated Curt Reusser, Presdient of Goodrich's Aerostructures division.