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United Technologies Corp. News

Pratt & Whitney Selects Goodrich as Nacelle System Provider for Geared Turbofan(TM) Engines

CHARLOTTE, N.C., April 30 PRNewswire-FirstCall — Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), has selected Goodrich Corporation (NYSE: GR) to be the exclusive provider of the complete nacelle systems for its new Geared Turbofan engine for both the Mitsubishi Regional Jet (MRJ) and the Bombardier CSeries aircraft families. The award is expected to generate more than $5 billion in original equipment and aftermarket revenue for Goodrich during the 25-year period following entry into service.

Under the agreement, the Goodrich Aerostructures business unit, headquartered in Chula Vista, Calif., will produce the entire nacelle systems, including the inlet, fan cowl, thrust reverser, exhaust system, and engine mounts.

"Goodrich has been a longstanding partner of Pratt & Whitney's and we are delighted to continue that partnership on the Geared Turbofan engine program," said Bob Saia, Pratt & Whitney vice president, Next Generation Product Family. "The Goodrich nacelle system on the Geared Turbofan demonstrator engine is performing very well and we look forward to flight testing the complete propulsion system later this year."

Cindy Egnotovich, Goodrich Segment President for Nacelles & Interior Systems, said, "We are pleased to continue our long relationship with Pratt & Whitney by providing vital components for an optimally integrated propulsion system for the Geared Turbofan. This engine represents a step-change in technology and the nacelle system will be a major contributor to a lower-weight, high-performance propulsion system."

Mitsubishi Heavy Industries officially launched the MRJ on March 28, 2008. Launch of the Bombardier CSeries is expected later this year. Due in large part to the new Geared Turbofan engine technologies, these new aircraft are expected to deliver up to 20 percent more efficient fuel burn, while reducing carbon dioxide emissions about 20 percent and nitrous oxide emissions by more than 50 percent over competing in-service airplanes. In addition, the Geared Turbofan engine is expected to reduce engine noise more than 20 decibels below the new Stage 4 (U.S.) requirements that go into effect later this year.

Goodrich began working with Pratt & Whitney on the engine concept and prototype development in early 2005. That effort resulted in the delivery of hardware for the flight test program scheduled to begin later this year.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.

Goodrich Corporation, 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. For more information visit http://www.goodrich.com.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

Forward Looking Statements

Certain statements made in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's future plans, objectives, and expected performance. Specifically, statements that are not historical facts, including statements accompanied by words such as "believe," "expect," "anticipate," "intend," "estimate," or "plan," are intended to identify forward-looking statements and convey the uncertainty of future events or outcomes. The company cautions readers that any such forward-looking statements are based on assumptions that the company believes are reasonable, but are subject to a wide range of risks, and actual results may differ materially.

Important factors that could cause actual results to differ include, but are not limited to: demand for and market acceptance of the Mitsubishi Regional Jet and Bombardier C-Series aircraft; the actual amount of product purchased under the contract; potential cancellation of orders by customers; and global demand for spare parts and aftermarket services for these aircraft. Further information regarding the factors that could cause actual results to differ materially from projected results can be found in the company's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2007 and the company's quarterly report on Form 10-Q for the quarter ended March 31, 2008.

The company cautions you not to place undue reliance on the forward- looking statements contained in this release, which speak only as of the date on which such statements were made. The company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date on which such statements were made or to reflect the occurrence of unanticipated events.

SOURCE Goodrich Corporation; GR - Nacelles and Interior Systems

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