Goodrich has reported a 26% rise in profit to $201m during the third quarter of 2011 compared with the $160m it reported during the corresponding period in 2010.
The US-based aircraft parts supplier attributed the rise in quarterly profit to increased sales to large commercial aircraft makers.
The company has reported a 16% rise in sales to $2bn during the quarter, compared with the $1.7bn it reported during the corresponding quarter last year.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Goodrich’s sales of parts and services increased 13% over 2010, defence and space sales grew 9% while sales to the original equipment market rose 25%.
The company’s landing systems division reported a 16% rise in sales, while interiors unit reported a 21% rise in sales while electronic systems business reported a 11% growth in sales.
The company expects full-year sales to reach $8.1bn.
United Technologies (UTX) previously agreed to buy Goodrich for $16.4bn in cash.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
