Goodrich Completes Divestiture of Heavy Maintenance Business
Thursday November 15, 2007 - 17:22 PM EST

CHARLOTTE, N.C., Nov. 15 /PRNewswire-FirstCall/ -- Goodrich Corporation (NYSE:GR) announced today that it has completed the sale of its airframe heavy maintenance business, Goodrich Aviation Technical Services, Inc. (ATS), to a subsidiary of Macquarie Group Limited.

ATS has over 1,200 employees at its 950,000-square-foot-facility in Everett, Wash. Serving a broad base of North American and global customers, ATS provides maintenance, repair and overhaul services to airlines, cargo fleet operators and aircraft owners. ATS services include: airframe heavy maintenance; aircraft modifications and painting; passenger-to-freighter conversions; engineering and certification; and component repair and overhaul.

Macquarie Group Limited is a diversified global financial services institution headquartered in Sydney, Australia. Macquarie has a broad range of experience in managing and/or owning investments in the aviation industry including airports, aircraft leasing, jet engine leasing and Fixed-Base Operations.

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.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

Source: Goodrich Corporation; GR - Actuation and Landing Systems

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