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17-Mar-2010 11:09 AM

Goodrich sees MRO recovery from 2H2010

Goodrich Corp CFO, Scott Kuechle, commented that the company anticipates commercial aircraft MRO sales to start recovering in 2H2010, with an improvement in air travel. Growth in MRO activities are forecast for 2011 and beyond, although MRO sales growth in 2010 is expected to the “fairly low”.

Goodrich: "We haven't seen things deteriorate. Those businesses that were still in the down trend in the fourth quarter seem to have stabilised and maybe improved a little bit…All the signs are there that improvement is coming," Scott Kuechle, CFO. Source; Reuters, 16-Mar-2010.

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