Stork Aerospace enters into strategic agreement with Goodrich

Naarden, 17th July 2006, The Dutch Stork Aerospace group has signed an agreement with the Goodrich Corporation’s (NYSE: GR) Landing Gear division (USA) in the field of technology development for the application of load carrying PMC composites in landing gear systems. This agreement expresses the intention to apply the technology developed by Stork SP Aerospace (part of Stork Aerospace) into a new generation of landing gear systems for military and commercial platforms. The use of advanced composites is a key factor to weight reduction and efficiency improvement in the (re)design of future and current landing gear systems.

Goodrich Corporation’s Landing Gear division is a technology leader in the field of landing gear systems and therefore this agreement means a strong recognition for the unique position of Stork SP Aerospace in Geldrop, the Netherlands, who have developed this innovative technology.

Nowadays, more and more solutions in the aerospace industry comprise the use of composites. Advantages in weight, efficiency and lead-time combined with rapidly rising steel and titanium prices reinforce this development.

Goodrich Corporation (USA), 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.

Stork Aerospace (The Netherlands) develops and produces advanced components and systems for the aircraft and aerospace industry, and supplies integrated maintenance services and products to aircraft owners and operators. In 2005 the group achieved a turnover of € 551 million with 3,384 employees out of a total Stork turnover of € 1.80 billion

Contact Information

Dick Kors

Stork N.V.

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