Goodrich Strengthens KLM Fleet - Analyst Blog
June 21 2011 - 1:42PM
Zacks
Goodrich Corporation (GR) has received an order
from KLM, transavia.com to provide wheels and carbon brakes for all
new deliveries of 737 Next Generation aircraft, manufactured by
The Boeing Company (BA), and to retrofit its 77
existing 737 Next Generation aircraft fleet.
Goodrich plans to deliver the first carbon brake equipped 737
Next Generation aircraft in August 2011 with retrofits beginning
thereafter.
Goodrich's 737 Next Generation carbon brakes are made of
proprietary DURACARB carbon heat sink material, which provides
exceptional brake performance. The new carbon brakes also provide a
35% brake life advantage over competitive equipment.
Additionally, Goodrich’s wheels and carbon brakes are capable of
providing a weight reduction of about 700 pounds per aircraft
compared to high capacity steel brakes. This exceptionally long
brake life and weight reduction offered by the new carbon brakes
will provide significant operating and fuel cost savings for the
airline.
With the selection of Goodrich's advanced lightweight wheels and
carbon brakes KLM will enhance the operational performance of its
737 Next Generation fleet. The airline said the new carbon brakes
offer superior landing performance with lower weight, reducing fuel
burn and lowering carbon dioxide emissions.
Goodrich is the only wheel and brake supplier providing both
steel and carbon brakes for the 737 Next Generation program.
Goodrich presently supplies carbon brakes to nine 737 Next
Generation customers, which represents a 50% market share of
aircraft orders.
Air France KLM currently deploys Goodrich wheel and brake
equipment on more than 200 aircraft including its 737 Classic, 737
Next Generation, 747-400, 747-400ERF, 777-200ER, 777-200LRF and
777-300ER fleets.
Based in Charlotte, North Carolina, Goodrich Corporation 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.
The company presently retains a short-term Zacks #3 Rank (Hold).
We have a long-term Neutral recommendation on the stock. In the
near term, the company has some competition from peers like
Astronics Corp. (ATRO) that holds a Zacks #1 Rank
(Strong Buy rating).
ASTRONICS CORP (ATRO): Free Stock Analysis Report
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GOODRICH CORP (GR): Free Stock Analysis Report
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