Goodrich Changes Course to Become Respected Aerospace Company


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  Goodrich, now a subsidiary of the international conglomerate United Technologies Corporation, which is a high-profile manufacturer of technology products that include aircraft engines, helicopters, HVAC, fuel cells, elevators and escalators, fire and security, building systems, and industrial products, among many other miscellaneous products. They are an S&P 500 Component publicly-traded company with $58.190 billion in annual revenue. UTC is a very large military contractor, providing missile systems, military helicopters, and other military aerospace platforms to the US government and also abroad. Goodrich, also currently an American aerospace manufacturing company based in Charlotte, North Carolina, supplies products such as actuation systems, aerostructures, aircraft wheels and brakes, electrical power systems, engine components, engine control systems, engineered polymer products interiors, ISR systems, undercarriage/landing gear, and sensors and integrated systems, among others. Their business divisions are composed of the following:
  • Actuation and Landing Systems
    • Actuation systems
    • Aviation technical services
    • Landing gear
    • Engine components
  • Electronics Systems
    • Sensors and integrated systems
    • Engine control and electrical power systems
    • ISR
  • Nacelles and Interior Systems
    • Interiors
    • Aerostructures
    • Customer services
Goodrich also supplies parts and components for a very large number of aerospace platforms, including many of the Boeing commercial jetliner 700 series, the Airbus commercial jetliners, Bombardier Dash-8 and Bombardier Global Express, Cessna Citation, and Embraer, among others. They also supply parts for an even larger array of military platforms, which include fighter jets and bombers and military transport helicopters. However, even with its current expertise in aerospace and aviation, Goodrich corporation traces its beginnings back to something completely unrelated. They were initially founded in 1869 by Benjamin Franklin Goodrich as the Hudson River Rubber Company. The company eventually became one of the largest tire and rubber manufacturers in the world. This was until 1988, when their very famous tire product line was sold. B.F. Goodrich is still a popular brand name for tires, which is misleading because Goodrich actually exited the tire business in 1988 and sold their product line to Michelin. As we know, they are now in aerospace, supplying parts to Airbus and Boeing as well as 12% to the US government. Their competitors are now Honeywell, Messier-Bugatti, SNECMA, and others.


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