Goodrich Announces Board Authorization to Increase Common Stock Repurchase Plan by $500 Million


CHARLOTTE, N.C., Feb. 15, 2011 - The Board of Directors of Goodrich Corporation (NYSE: GR) today approved an increase to the company's existing Share Repurchase Plan to authorize the repurchase of up to an additional $500 million of the company's common stock, bringing the total authorization to $1.1 billion. The company has repurchased 8.9 million shares for a total of $537 million, from November 2006 through January 2011. The primary purpose of this plan is to offset dilution to existing shareholders from the company's stock-based compensation plans.

Repurchases under the program may be made through open market or privately negotiated transactions at times and in such amounts as management deems appropriate, subject to market conditions, regulatory requirements and other factors. The program does not obligate the company to repurchase any particular amount of common stock, and may be suspended or discontinued at any time without notice. Shares repurchased under the program are expected to be held as treasury shares. As of January 31, 2011, Goodrich had 125,605,938 shares outstanding.

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/

SOURCE Goodrich Corporation

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