GR Goodrich Corp. (The)

Goodrich Corp. (GR) expects to record a $10 million first-quarter charge related to the recently enacted federal health-care legislation, joining many other companies who have said their results will be impacted by the recently passed U.S. health-care overhaul.

The provider of aircraft products and services to the aerospace industry said the charge will be about 8 cents a share. It is related to the part of the new law that prevents companies from deducting tax-free subsidies it receives from the federal government for providing retirees with prescription-drug benefits. Employers currently can deduct the entire cost of providing the coverage.

Many other companies have made similar announcements, taking the charges now even though the changes in the health-care law don't take effect until 2013. Administration officials have said companies are exaggerating the impact of the loss of the deduction because of their general opposition to the new law.

Shares closed Tuesday at $71.54 and were inactive premarket. The stock has risen 89% in the past year.

-By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com;