Goodrich Completes Divestiture of Heavy Maintenance Business

(Charlotte, N.C., November 15, 2007) -- 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.

Source : Goodrich Corporation

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