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BFGoodrich Acquires Strategic Product Line From Boeing; Leading Ejection Seat Business Becomes Part of Safety Systems Division



CHARLOTTE, N.C.--- The BFGoodrich Company announced today that it has purchased the ACES II ejection seat product line from The Boeing Company. Terms of the purchase, which includes production, research and development programs and related assets, were not disclosed.

ACES II is one of the most widely used ejection seat product lines currently in operation and production. More than 7,000 of these seats have already been produced for the U.S. Air Force and international defense customers. The seats are currently in use on F-15, F-16, B-1B, B-2, F-117 and A-10 aircraft, and have been selected for the new F-22 program.

Now part of BFGoodrich Aerospace's Safety Systems Division, the ACES II product line expands the existing ejection seat business and engineering, technology, and customer service capabilities. The new product line is also an excellent complement to the division's other businesses, which include Universal Propulsion Company (UPCO), a leading producer of propellant materials for aerospace escape systems, and the AMI crew seat business, which Goodrich acquired as part of its recent merger with Coltec Industries. In addition, the Safety Systems Division, which is headquartered in Phoenix, Arizona, is a leading supplier of evacuation slides for commercial aircraft. Goodrich intends to produce the ACES II ejection seats at facilities in Phoenix, Arizona and Colorado Springs, Colorado.

With annual sales approaching $6 billion, BFGoodrich has leading business positions in advanced aerospace systems, performance materials, and engineered industrial products. BFGoodrich has its headquarters in Charlotte, North Carolina, and employs 27,000 people worldwide. With sales approaching $3.7 billion, BFGoodrich Aerospace is one of the world's leading suppliers of components and systems.

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BFGoodrich Acquires Strategic Product Line From Boeing; Leading Ejection Seat Business Becomes Part of Safety Systems Division