Goodrich Is Flying High -- Barron's

| About: Goodrich Corporation (GR)

Surging aircraft orders over the past two years have put Goodrich in a good place, Barron's says, and that standing is likely to continue. According to an industry report, more than 12,000 commercial-airline and business aircraft will be delivered, mostly to Goodrich customers, over the next five years. As one of the industry's chief suppliers, Goodrich is poised to benefit big from Boeing's new 787 Dreamliner, for which it provides about $3 million in components for each plane. Boeing's 683 announced orders would translate into more than $2B for Goodrich; over the next two decades Boeing hopes to sell 2,000 Dreamliners. Goodrich also is Boeing's exclusive supplier of landing gear for the 737, 747, 767 and 777 through 2012, as well as a major supplier to Boeing rival Airbus. The strong aircraft orders have generated solid, double-digit growth in earnings, revenue and share price over the past two years as Larsen has led a restructuring of the Charlotte, N.C.-based company; one analyst tells Barron's "the upcycle in aircraft orders and deliveries is nowhere near its peak." And despite a 50% rise in the company's share price over the past year, bulls on the stock say its prospects aren't fully reflected in the shares.

Sources: Barron's
Commentary: Declining Stocks Barely Above Their 50-DMAsFisher's Buyout Candidates
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