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BF GOODRICH TO EXPAND AIRCRAFT MAINTENANCE, REPAIR AND OVERHAUL FACILITY

 BF GOODRICH TO EXPAND AIRCRAFT
 MAINTENANCE, REPAIR AND OVERHAUL FACILITY
 AKRON, Ohio, July 21 /PRNewswire/ -- The BFGoodrich Company (NYSE: GR) announced today that it is investing $81 million in a major expansion of the aircraft maintenance, repair and overhaul facilities at its Tramco subsidiary at Paine Field in Everett, Wash.
 The expansion project will include a new hangar and associated maintenance support facilities with a total area of 625,000 square feet, plus 11 acres of adjacent outdoor ramp space. Tramco's existing facilities total 466,000 square feet under roof, with outdoor ramp area of 13 acres.
 Tramco, which began operations in 1970, specializes in the maintenance, modification, repair and overhaul of commercial aircraft. Customers include major air-freight companies and airlines. Tramco was acquired by BFGoodrich in 1988 and now operates as one of the businesses in the company's BFGoodrich Aerospace division.
 The new hangar will be used primarily to expand Tramco's capacity to service wide-body aircraft, such as the Boeing 747, the Airbus A330/340 and the McDonnell Douglas MD-11. The new facility will have the capacity to hold up to four such aircraft at one time.
 "Tramco is the cornerstone of our repair and overhaul business and is one of the finest independent aircraft MRO operations in the world. Sales have more than doubled since 1988, and today Tramco has a strong customer base and an outstanding reputation for quality, service and reliability," said David L. Burner, president of BFGoodrich Aerospace. "This new facility gives us additional capacity and will allow us to participate fully in the wide-body maintenance market, which will be the fastest-growing segment of the aircraft MRO industry in the 1990s."
 BFG chairman and chief executive officer John D. Ong added, "Expansion of our aerospace business is a key factor in our strategy of transforming the company into a supplier of specialty products and services. Both sales and income for our aerospace segment have more than tripled since 1986. We're confident that our investment in the growth of this business will continue to create value for BFGoodrich shareholders."
 The new facility will be located adjacent to Tramco's current facilities at Paine Field. Paine Field also is the site of Boeing assembly operations for the 747 and 767 and will be the site of a new assembly plant for the recently introduced 777 aircraft.
 Site preparation for the new hangar has been completed, and the necessary permits have been obtained. Construction is scheduled to be completed by late 1993.
 Tramco currently employs 1,400 people at its existing facilities and expects to add about 1,000 new employees when the new hangar complex is fully operational.
 In addition to aircraft MRO services, BFGoodrich Aerospace supplies aircraft wheels and brakes, engine and fuel systems, instruments and avionics equipment, and other components for all types of aircraft. The BFGoodrich Company also produces specialty chemical products and vinyl-based polymer materials. BFGoodrich reported sales of $2.5 billion for 1991.
 -0- 7/21/92 R
 /CONTACT: Bev Pierce (media), 216-374-3411; or Tom Waltermire (investor), 216-374-2556; both of BFGoodrich/
 (GR) CO: BFGoodrich ST: Ohio IN: ARO SU:


KK -- CL008 -- 1209 07/21/92 10:24 EDT
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Publication:PR Newswire
Date:Jul 21, 1992
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