Goodrich to Close Plant That Makes Aircraft Landing Gear

June 12, 2011

Cleveland facility employs 400 people.

Goodrich Corp. said it will close its landing-gear facility in Cleveland by the end of 2012.

The Charlotte-based aerospace and defense company said it is closing the plant "due to program volume decline and the lack of appropriate new work to cost-effectively fill available capacity."

The Cleveland plant, which employs 400 people, supplies landing-gear equipment for commercial and military customers, according to Goodrich.

Goodrich in a news release said the work being performed at the plant "will be gradually transferred to other landing-gear facilities."

Due to the plant closure, Goodrich noted that the company expects to record pre-tax charges totaling approximately $39 million, of which 40% are non-cash. The charges will be spread out over the next few quarters.

The company, which posted revenues of $7 billion in 2010, said it will revise its 2011 outlook to reflect the charges as part of its second-quarter-results earnings release on July 28.

About the Author

Josh Cable | Former Senior Editor

Former Senior Editor Josh Cable covered innovation issues -- including trends and best practices in R&D, process improvement and product development. He also reported on the best practices of the most successful companies and executives in the world of transportation manufacturing, which encompasses the aerospace, automotive, rail and shipbuilding sectors.

Josh also led the IndustryWeek Manufacturing Hall of Fame, IW’s annual tribute to the most influential executives and thought leaders in U.S. manufacturing history.

Before joining IndustryWeek, Josh was the editor-in-chief of Penton Media’s Government Product News and Government Procurement. He also was an award-winning beat reporter for several small newspapers in Northeast Ohio.

Josh received his BFA in creative writing from Bowling Green University, and continued his professional development through course-work at Ohio University and Cuyahoga Community College.

A lifelong resident of the Buckeye State, Josh currently lives in the Tremont neighborhood of Cleveland. When the weather cooperates, you’ll find him riding his bike to work, exercising his green thumb in the backyard or playing ultimate Frisbee.