July 14, 1987
The survivors of 69 of the passengers aboard a Mexicana jetliner that crashed into a mountain west of Mexico City last March have filed suit against the airline, claiming the crash was the result of negligence. In addition to Mexicana, the Los Angeles Superior Court complaint also cites Boeing Co., which manufactured the 727-200 airliner; B. F. Goodrich Co.
November 24, 1998
B.F. Goodrich Co., the former tire maker turned aerospace and specialty chemicals company, reached an agreement to acquire Coltec Industries Inc., the leading maker of aircraft controls and landing gear systems. Charlotte, N.C.-based Coltec, which also makes industrial sealing products for aerospace and general industrial markets, had sales of about $1.31 billion last year and has about $608 million in long-term debt, Goodrich said. Goodrich has annual sales of about $5.5 billion.
June 23, 1999 |
B.F. Goodrich Co., the largest maker of military-airplane landing gear, said it reached a 3 1/2-year agreement with the aerospace union that represents 1,525 of its workers. The contract increases wages by 2% in February 2000 and 2.25% in February 2001 and 2002. The workers, represented by the International Assn. of Machinists & Aerospace Workers, will also receive a lump sum of $1,500 by July 23.
December 3, 1998 |
B.F. Goodrich Co., the tire maker turned aerospace company, said it will close four plants and eliminate 775 jobs, or 4.6% of its work force, as part of a cost-savings plan related to the 1997 acquisition of Rohr Inc. The company said it will take a fourth-quarter charge of about $7 million, or 9 cents a share, to pay for the moves, which it said will save about $10 million a year beginning in 2000. Richfield, Ohio-based Goodrich also said its profit for 1998 will exceed $3.
February 24, 2000 |
B.F. Goodrich Co. and Rockwell International Inc., makers of airplane equipment, said they formed a maintenance alliance they hope will help stabilize earnings during an expected slump in aircraft production. Rockwell Collins, which specializes in instrumentation and in-flight entertainment systems, will work with Goodrich Aviation Services to provide one-stop maintenance and repair services to airlines worldwide, the companies said.