Goodrich Corporation Completes Acquisition of Skyline Industries, Inc.
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Acquisition provides military helicopter seating market position and capabilities
CHARLOTTE, N.C., Jan. 18 -- Goodrich Corporation (NYSE: GR) today announced the acquisition of Skyline Industries, Inc. (Skyline), a leading manufacturer of lightweight crashworthy military helicopter seats and helicopter floor armor. Terms of the acquisition were not disclosed.
Skyline employs around 40 people at its Fort Worth, Texas facility. Major customers include the U.S. Department of Defense, Eurocopter, Bell Helicopter and Boeing. The company began operations in 1960, and in 2007 generated approximately $7 million in revenue.
"Skyline's proven military helicopter seating technology is a great complement to Goodrich's strong fixed wing aircraft seating capabilities. This acquisition provides Goodrich with additional presence in the high-growth helicopter market and is expected to be accretive to earnings in 2008," said Cindy Egnotovich, Segment President, Nacelles and Interior Systems at Goodrich. "These technically advanced, reliable seats now join advanced products such as rescue hoists, vehicle health management systems, FADECs and threat detection systems as part of our broad military helicopter portfolio."
Skyline will become part of Goodrich's Interiors business.
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 www.goodrich.com.
SOURCE Goodrich Corporation; GR - Nacelles and Interior Systems
CONTACT:
Media
Lisa Bottle
+1-704-423-7060
or Laurie Tardif
+1-704-423-7048, all of Goodrich Corporation
