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.

Popular Sponsored Recommendations

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!