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.

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.

GlobalData Strategic Intelligence

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

Airport Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Airport Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now