-- It provides a six-year baseline of spending, market share analysis as well as major contracting office locations

-- Research will also point to ongoing and anticipated DoD spending and contracting behavior

-- Global deployments and overall DoD budget scenario are examined as contributing factors

-- Where possible, major contracts are described, with an eye toward sunset and recompete provisions

-- Not all contracts mentioned will be solely applicable to JO15, as MRO contracts encompass avionics, weapons systems, engines as well as structural maintenance, modification and repair

-- Aging platforms, maintenance budget pressure and deployment wear and- tear are ongoing DoD maintenance challenges.

-- Outsourcing to local operators (e.g. Korean Air) is an outsourcing business model in effect since 1978

-- Ops tempo drives DoD MRO Aircraft Structural spending - effects of Afghanistan and Iraq extended deployments

-- Drive to cut DoD MRO costs: Top-line DoD budget may be growing, but there is unrelenting pressure on the internal maintenance function

-- In addition, there is an increase in the volume and complexity of DoD-wide maintenance, from organizational to depot levels

-- Software and services companies are staking their futures on continuation of this trend in linking the "foxhole to the factory" to better facilitate the MRO function

-- DoD faces these and other challenges in maintaining readiness:

-- Raw Materials Shortages (e.g. aerospace-grade steel and alloys)

-- A Diminishing Supplier Base Means Fewer Choices for all Types of DoD Sourcing

-- DoD Operations Tempo and Increased Spending Creates Acute

-- Needs for Weapons Systems Availability

-- Anticipation of Tighter Numbers in Inventories for Parts, Powerplants, Aircraft, Ground Vehicles and Ships

-- In Many Cases Ships, Ground Vehicles and Aircraft in U.S. Inventories are More then 20 Years Old, with no Replacement on the Horizon. Look for more recapitalization programs if ops tempo in the GWOT remains constant

-- When possible DoD is taking measures to decrease its MRO geographic footprint

Key Topics Covered:
- Title slide
- About this study
- J015: Outlook (4 slides)
- J015: Total Spending (2001-2006)
- J015: Spending by Service Branch (2001-2006)
- J015: Spending Percentage by Service Branch (2001-2006)
- J015: Number of Revenue Reporting Locations (2001-2007)
- J015: Market Leader Revenues in $ Million (2001- 2006)
- J015: Tier One Company Revenues (2001-2006)
- The Boeing Company: J015 Revenues in $ Million (2001-2006)
- Boeing: Contracts and Trends (8 slides)
- Dyncorp: J015 Revenues in $ Million (2001-2006)
- Dyncorp: Contracts and Trends
- Computer Sciences Corporation: J015 Revenues in $ Million
 (2001-2006)
- CSC: Contracts and Trends
- Lear Siegler: J015 Revenues in $ Million (2001- 2006)
- Lear Siegler: Contracts and Trends (2 slides)
- Lockheed Martin: J015 Revenues in $ Million (2001- 2006)
- Lockheed Martin: Contracts and Trends (2 slides)
- L-3: J015 Revenues in $ Million (2001-2006)
- L-3: Contracts and Trends (3 slides)
- McDonnell Douglas: J015 Revenues in $ Million (2001-2006)
- McDonnell Douglas: Contracts and Trends (3 slides)
- Northrop Grumman: J015 Revenues in $ Million (2001-2006)
- Northrop Grumman: Contracts and Trends (3 slides)
- Sikorsky: J015 Revenues in $ Million (2001-2006)
- Sikorsky: Contracts and Trends (2 slides)
- J015: Tier Two Company Revenues (2001-2006)
- Agusta Westland: J015 Revenues in $ Million (2001- 2006)
- Agusta Westland: Contracts and Trends
- Bell Textron/Bell Aerospace Services: J015 Revenues in $ Million
- Bell Textron: Contracts and Trends
- Canadian Commercial Corporation: J015 Revenues in $ Million
 (2001-2006)
- Canadian Commercial Corporation: Contracts and Trends (2 slides)
- Doss Aviation: J015 Revenues in $ Million (2001-2006)
- Doss Aviation: Contracts and Trends
- Kaman Aerospace: J015 Revenues in $ Million (2001- 2006)
- Kaman Aerospace: Contracts and Trends
- Korean Airlines: J015 Revenues in $ Million (2001- 2006)
- Korean Airlines: Contracts and Trends
- J015: Fiscal Year 2006 Synopsis
- J015: Market Share Leaders (2006) pie chart
- J015: Market Share Leaders in $ Million (2006) barchart
- J015: Companies with revenues between $3 and $16 million (2006)
- J015: Fiscal Year 2005 Synopsis
- J015: Market Share Leaders in $ Million (2005) pie chart
- J015: Market Share leaders in $ Million (2005) bar chart
- J015: Companies with revenues between $1 and $13 million (2005)
- J015: Fiscal Year 2004 Synopsis
- J015: Market Share Leaders in $ Million (2004) pie chart
- J015: Market Share leaders in $ Million (2004) bar chart
- J015: Companies with revenues between $1 and $8 million (2004)
- J015: Fiscal Year 2003 Synopsis
- J015: Market Share Leaders in $ Million (2003) pie chart
- J015: Market Share leaders in $ Million (2003) bar chart
- J015: Companies with revenues between $1 and $8 million (2003)
- J015: Fiscal Year 2002 Synopsis
- J015: Market Share Leaders in $ Million (2002) pie chart
- J015: Market Share leaders in $ Million (2002) bar chart
- J015: Companies with revenues between $1 and $7 million (2002)
- J015: Fiscal Year 2001 Synopsis
- J015: Market Share Leaders in $ Million (2001) pie chart
- J015: Market Share leaders in $ Million (2001) bar chart
- J015: Companies with revenues between $3 and $16 million (2001)
- DoD Maintenance Facts and Figures
- FY 2005 DoD: Maintenance as a Portion of Total Budget in $ Billion
- FY 2005 DoD: Maintenance Personnel by Type
- Broad DoD Maintenance Categories
- DoD: the 50/50 Rule (1)
- The 50/50 Rule (2) Commercial and Organic Maintenance Distribution
 by Service Branch (FY 2005)
- 2007-2011 Trend Analysis
- J015: Spending Forecast (2007-2011)
- J015: Spending Forecast Rationale
- Platform-Specific Opportunity Analysis
- J015: Selected DoD Airframe Average Age and Availability Assessment
- AH-64 Apache
- CH-47 D/F Chinook
- CH-46E Sea Knight
- CH-53E Super Stallion
- EA-6B Prowler
- P-3 Orion
- C-5 Galaxy
- KC-135 Stratotanker

For more information visit http://www.researchandmarkets.com/research/d96c17/u_s_department_of

SOURCE: Research and Markets Ltd.

Research and Markets
Laura Wood, Senior Manager
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
press@researchandmarkets.com

CPI Aero is engaged in the contract production of structural aircraft parts leading prime defense contractors, the U.S. Air Force, other branches of the armed forces. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the UH-60 BLACK HAWK helicopter, the Sikorsky S-92 helicopter, the MH-60S mine countermeasure helicopter, the Gulfstream G650, C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell Microcap(R) Index.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2007, and Form 10-Q for the quarters ended March 31, 2008 and June 30, 2008.

CPI Aero(R) is a registered trademark of CPI Aerostructures, Inc.

SOURCE: CPI Aerostructures, Inc.

CPI Aero 
Vincent Palazzolo, 631-586-5200 
Chief Financial Officer 
www.cpiaero.com 
or 
Investor Relations Counsel: 
The Equity Group Inc. 
Lena Cati, 212-836-9611 
Linda Latman, 212-836-9609 
www.theequitygroup.com

"In addition to excellent sales growth for our commercial aftermarket products and services, we enjoyed continued robust growth in our other major market channels. These sales led to another great quarter of earnings growth and solid cash flow. Based on our current forecast, we now expect that full-year earnings per diluted share will be in the $4.80 - $4.95 range, a significant increase from our prior outlook of $4.30 - $4.45. Our financial and operational performance has been excellent," Larsen continued.

Second Quarter 2008 Results

Goodrich reported second quarter 2008 net income of $187 million, or $1.46 per diluted share, on sales of $1,849 million. In the second quarter 2007, the company reported net income of $125 million, or $0.98 per diluted share, on sales of $1,576 million. Second quarter 2008 sales increased 17 percent and net income per diluted share increased 49 percent compared with the second quarter 2007. The company reported an effective tax rate of 28 percent for the second quarter of 2008, compared with an effective tax rate of 29 percent during the second quarter 2007. The effective tax rate for the second quarter 2008 included the benefits from the settlement of a foreign tax audit and additional state research and development tax credits. The effective tax rate for the second quarter 2007 included the benefits from the elimination of certain valuation allowances related to a foreign subsidiary and a benefit related to U.S. Research and Development credits.

The increased sales for the quarter reflected continued strong growth in the company's major market channels. For the second quarter 2008 compared with the second quarter 2007, sales increases by market channel were as follows:

-- Large commercial airplane original equipment sales increased by about 28 percent,

-- Regional, business and general aviation airplane original equipment sales increased by about 26 percent,

-- Large commercial, regional, business and general aviation airplane aftermarket sales increased by about 12 percent, and

-- Defense and space sales of both original equipment and aftermarket products and services increased by about 11 percent.

Net income in the second quarter 2008, compared with the second quarter 2007, was positively affected by increased sales and improved operational efficiencies in most business units.

Net cash provided by operating activities during the second quarter 2008 was $169 million, an increase of $105 million from the same period in 2007. The increase was primarily due to increased pre-tax income and lower pension contributions, partially offset by higher cash tax payments in the second quarter 2008 compared to the second quarter 2007. Capital expenditures were $62 million in the second quarter 2008 compared with capital expenditures of $59 million in the second quarter 2007.

Year-to-Date Results

For the first six months of 2008, the company reported net income of $345 million, or $2.70 per diluted share, on sales of $3,594 million. During the first six months of 2007, net income was $225 million, or $1.76 per diluted share, on sales of $3,123 million. For the first six months of 2008, sales increased 15 percent and net income per diluted share increased 53 percent compared with the first six months of 2007. The $471 million increase in sales is primarily attributable to double-digit percentage growth in all of the company's major market channels. The effective tax rate for the first six months of 2008 was 31 percent, a slightly lower rate than the 32 percent experienced during the first six months of 2007.

Net cash provided by operating activities during the first six months of 2008 was $320 million, an increase of $128 million from the same period in 2007. The increase was primarily due to increased pre-tax income, lower pension contributions and lower net tax payments, partially offset by increased working capital requirements. Capital expenditures were $116 million for the first six months of 2008 compared to capital expenditures for the first six months of 2007 of $95 million.

Business Highlights

-- Goodrich was selected by Pratt & Whitney to be the exclusive provider of the complete nacelle systems for its new Geared Turbofan engine for both the Mitsubishi Regional Jet (MRJ) and the Bombardier CSeries aircraft families. The award is expected to generate more than $5 billion in original equipment and aftermarket revenue for Goodrich during the 25-year period following entry into service.

-- On July 1, Standard & Poor's Rating Services raised its corporate credit rating on Goodrich to 'BBB+' from 'BBB', reflecting improving credit protection measures resulting from solid demand in key markets, increasing profitability, and some debt reduction.

-- Goodrich received production contracts from Lockheed Martin and General Electric Aircraft Engines (GEAE) to supply pylons and nacelle systems for the U.S. Air Force C-5 Galaxy strategic airlifter Reliability Enhancement and Re-engining Program (RERP). Goodrich content is expected to generate $600 million in revenue for the 49 aircraft planned to be upgraded in the RERP, excluding any aftermarket revenue, through the year 2015.

2008 Outlook

The company's current market assumptions, for each of its major market channels, for the full year 2008 (including sales resulting from recent acquisitions), compared with the full year 2007, include:

-- Large commercial airplane original equipment sales are expected to increase by about 20 percent,

-- Regional, business and general aviation airplane original equipment sales are expected to increase by more than 20 percent,

-- Large commercial, regional, business and general aviation airplane aftermarket sales are expected to increase by about 8 - 11 percent, and

-- Defense and space sales of both original equipment and aftermarket products and services are expected to increase by about 13 percent.

The company's full year 2008 sales expectation has been adjusted to approximately $7.3 billion from the prior outlook of $7.2 - $7.3 billion. The current outlook for sales represents expected growth of about 14 percent from 2007 results. The outlook for 2008 net income per diluted share has been increased to a range of $4.80 - $4.95 from the prior outlook of $4.30 - $4.45, reflecting an expected increase of 27 - 31 percent compared with the company's net income per diluted share for 2007.

The 2008 outlook assumes, among other factors, a full-year effective tax rate of approximately 32 percent, which includes a full-year benefit of approximately 1 percent related to an assumed extension of the U.S. research tax credit. This compares with an effective tax rate of 31 percent for 2007. Thus, during the second half of 2008, the company expects an effective tax rate of about 36 percent before the research tax credit benefit, and an effective tax rate of about 34 percent including the benefit.

For 2008, Goodrich continues to expect net cash provided by operating activities, minus capital expenditures, to exceed 75 percent of net income. This outlook reflects a continuation of working capital investments to support the Boeing 787 Dreamliner and Airbus A350 XWB programs and capital expenditures for low-cost country manufacturing and productivity initiatives that are expected to enhance margins over the near and long term. The company expects capital expenditures for 2008 to be in a range of $275 - $325 million, unchanged from the prior outlook.

Goodrich has $346 million remaining under its existing share repurchase program. The company intends to repurchase shares through open market and privately negotiated transactions at times and in such amounts as management deems appropriate.

The current sales, net income and net cash provided by operating activities outlooks for 2008 do not include the impact of potential acquisitions or divestitures.

The supplemental discussion and tables that follow provide more detailed information about the second quarter 2008 segment results.

Goodrich will hold a conference call on July 24, 2008 at 10:00 AM U.S. Eastern Time to discuss this announcement. Interested parties can listen to a live webcast of the conference call, and view the related presentation materials, at www.goodrich.com, or listen via telephone by dialing 913-981-5539.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.

FORWARD-LOOKING INFORMATION IS SUBJECT TO RISK AND UNCERTAINTY

Certain statements made in this document are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding our future plans, objectives and expected performance. Specifically, statements that are not historical facts, including statements accompanied by words such as "believe," "expect," "anticipate," "intend," "should," "estimate," or "plan," are intended to identify forward-looking statements and convey the uncertainty of future events or outcomes. We caution readers that any such forward-looking statements are based on assumptions that we believe are reasonable, but are subject to a wide range of risks, and actual results may differ materially.

Important factors that could cause actual results to differ from expected performance include, but are not limited to:

    -- demand for and market acceptance of new and existing products, such as
       the Airbus A350 XWB and A380, the Boeing 787 Dreamliner, the EMBRAER
       190, the Mitsubishi Regional Jet (MRJ), the Bombardier CSeries, the
       Dassault Falcon 7X and the Lockheed Martin F-35 Lightning II and F-22
       Raptor;
    -- our ability to extend our commercial original equipment contracts
       beyond the initial contract periods;
    -- cancellation or delays of orders or contracts by customers or with
       suppliers, including delays or cancellations associated with the Boeing
       787 Dreamliner, the Airbus A380 and A350 XWB aircraft programs, and
       major military programs, including the C-5 Galaxy aircraft;
    -- the financial viability of key suppliers and the ability of our
       suppliers to perform under existing contracts;
    -- successful development of products and advanced technologies;
    -- the health of the commercial aerospace industry, including the impact
       of bankruptcies and/or consolidations in the airline industry;
    -- global demand for aircraft spare parts and aftermarket services;
    -- changing priorities or reductions in the defense budgets in the U.S.
       and other countries, U.S. foreign policy and the level of activity in
       military flight operations;
    -- the possibility of restructuring and consolidation actions;
    -- threats and events associated with and efforts to combat terrorism;
    -- the extent to which expenses relating to employee and retiree medical
       and pension benefits change;
    -- competitive product and pricing pressures;
    -- our ability to recover under contractual rights of indemnification for
       environmental and other claims arising out of the divestiture of our
       tire, vinyl and other businesses;
    -- possible assertion of claims against us on the theory that we, as the
       former corporate parent of Coltec Industries Inc, bear some
       responsibility for the asbestos-related liabilities of Coltec and its
       subsidiaries;
    -- the effect of changes in accounting policies or tax legislation;
    -- cumulative catch-up adjustments or loss contract reserves on long-term
       contracts accounted for under the percentage of completion method of
       accounting;
    -- domestic and foreign government spending, budgetary and trade policies;
    -- economic and political changes in international markets where we
       compete, such as changes in currency exchange rates, inflation, fuel
       prices, deflation, recession and other external factors over which we
       have no control; and
    -- the outcome of contingencies including completion of acquisitions,
       divestitures, tax audits, litigation and environmental remediation
       efforts.

We caution you not to place undue reliance on the forward-looking statements contained in this document, which speak only as of the date on which such statements are made. We undertake no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date on which such statements were made or to reflect the occurrence of unanticipated events.

    Supplemental Data

    Segment Review

      Quarter Ended June 30, 2008 Compared with Quarter Ended June 30, 2007


                                              Quarter Ended June 30,
                                                        %        % of Sales
                                     2008    2007    Change    2008      2007
                                              (Dollars in millions)
    NET CUSTOMER SALES
    Actuation and Landing Systems    $690    $589    17.0%
    Nacelles and Interior Systems    $665    $534    24.6%
    Electronic Systems               $494    $453     9.1%
    Total Sales                    $1,849  $1,576    17.3%

    SEGMENT OPERATING INCOME
    Actuation and Landing Systems   $84.5   $59.0    43.2%     12.3%    10.0%
    Nacelles and Interior System   $160.7  $135.1    18.9%     24.2%    25.3%
    Electronic Systems              $71.5   $62.4    14.6%     14.5%    13.8%
    Segment Operating Income       $316.7  $256.5    23.5%     17.1%    16.3%

Actuation and Landing Systems: Actuation and Landing Systems segment sales of $690 million for the quarter ended June 30, 2008 increased $101 million, or 17 percent, from $589 million for the quarter ended June 30, 2007. The increase was primarily due to the following:

-- Higher large commercial airplane OE sales of approximately $34 million, primarily in our landing gear and actuation systems business units;

-- Higher defense and space OE and aftermarket sales of approximately $20 million, primarily in our landing gear, aircraft wheels and brakes and actuation systems business units;

-- Higher large commercial, regional, business and general aviation airplane aftermarket sales of approximately $16 million, primarily in our landing gear and actuation systems business units;

-- Higher regional, business and general aviation airplane OE sales of approximately $15 million, primarily in our landing gear and actuation systems business units; and

-- Higher non-aerospace sales of approximately $14 million, primarily in our engine components business unit.

Actuation and Landing Systems segment operating income of $84.5 million for the quarter ended June 30, 2008 increased $25.5 million, or 43 percent, from $59.0 million for the quarter ended June 30, 2007. This increase in operating income was primarily due to the following:

-- Higher sales volume and favorable product mix across all of our business units, which resulted in higher income of approximately $26 million;

-- Higher pricing across all of our business units, partially offset by increased operating costs across most of our business units, which resulted in higher income of approximately $10 million; partially offset by

-- Unfavorable foreign exchange translation of approximately $5 million; and

-- Lower income resulting from changes in estimates on certain long-term contracts of approximately $4 million.

Nacelles and Interior Systems: Nacelles and Interior Systems segment sales of $665 million in the quarter ended June 30, 2008 increased $131 million, or 25 percent, from $534 million in the quarter ended June 30, 2007. The increase was primarily due to the following:

-- Higher large commercial airplane OE sales of approximately $70 million, primarily in our aerostructures business unit;

-- Higher large commercial airplane aftermarket sales, including spare parts and MRO volume of approximately $31 million, primarily in our aerostructures business unit;

-- Higher regional, business, and general aviation airplane OE sales of approximately $16 million, primarily in our aerostructures business unit; and

-- Higher defense and space OE and aftermarket sales of approximately $11 million, primarily in our interiors and aerostructures business units.

Nacelles and Interior Systems segment operating income of $160.7 million in the quarter ended June 30, 2008 increased $25.6 million, or 19 percent, from $135.1 million in the quarter ended June 30, 2007. The increased segment operating income was primarily due to the following:

-- Higher sales volume, primarily in our aerostructures business unit, which resulted in higher income of approximately $35 million; partially offset by

-- Lower income resulting from changes in estimates for certain long-term contracts at our aerostructures business unit of approximately $8 million; and

-- Unfavorable foreign exchange translation of approximately $2 million.

Electronic Systems: Electronic Systems segment sales of $494 million in the quarter ended June 30, 2008 increased $41 million, or 9 percent, from $453 million in the quarter ended June 30, 2007. The increase was primarily due to the following:

-- Higher large commercial airplane aftermarket sales of approximately $16 million, primarily in our engine control and electrical power and sensors and integrated systems business units, including sales associated with the acquisition of TEAC;

-- Higher defense and space OE and aftermarket sales of approximately $13 million, primarily in our engine control and electrical power business unit and sensors and integrated systems business units, including sales associated with the acquisition of TEAC;

-- Higher non-aerospace sales of approximately $5 million, primarily in our engine control and electrical power business unit;

-- Higher regional, business and general aviation airplane OE sales of approximately $3 million, primarily in our sensors and integrated systems and engine control and electrical power business units; and

-- Higher large commercial airplane OE sales of approximately $3 million, primarily in our sensors and integrated systems business units.

Electronic Systems segment operating income of $71.5 million in the quarter ended June 30, 2008 increased $9.1 million, or 15 percent, from $62.4 million in the quarter ended June 30, 2007. The increased segment operating income was primarily due to the following:

-- Higher sales volume partially offset by unfavorable product mix and pricing, across most of our business units, which resulted in higher income of approximately $16 million; partially offset by

-- Higher operating costs of approximately $6 million, primarily in our sensors and integrated systems and engine control and electrical power business units.

                                   PRELIMINARY
                               GOODRICH CORPORATION
              CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)
                  (DOLLARS IN MILLIONS EXCEPT PER SHARE AMOUNTS)

                                         Three Months         Six Months
                                             Ended               Ended
                                            June 30,            June 30,
                                         2008      2007      2008      2007
    Sales                              $1,849.3  $1,576.4  $3,594.3  $3,122.7
    Operating costs and expenses:
      Cost of sales                     1,286.9   1,096.6   2,500.3   2,190.5
      Selling and administrative costs    273.9     260.0     531.0     514.4
                                        1,560.8   1,356.6   3,031.3   2,704.9
    Operating Income                      288.5     219.8     563.0     417.8
    Interest expense                      (27.7)    (30.8)    (58.5)    (62.4)
    Interest income                         0.6       1.5       3.7       3.3
    Other income (expense) - net           (8.3)    (17.4)    (22.6)    (33.0)
    Income from continuing operations
     before income taxes                  253.1     173.1     485.6     325.7
    Income tax (expense) benefit          (69.5)    (49.3)   (148.4)   (102.7)
    Income From Continuing Operations     183.6     123.8     337.2     223.0
    Income (loss) from discontinued
     operations                             3.0       1.0       7.3       1.6
    Net Income                           $186.6    $124.8    $344.5    $224.6

    Basic Earnings per Share:
      Continuing operations               $1.47     $0.99     $2.69     $1.78
      Discontinued operations              0.02      0.01      0.06      0.01
      Net Income                          $1.49     $1.00     $2.75     $1.79

    Diluted Earnings per Share:
      Continuing operations               $1.44     $0.97     $2.64     $1.75
      Discontinued operations              0.02      0.01      0.06      0.01
      Net Income                          $1.46     $0.98     $2.70     $1.76

    Dividends Declared per Common
     Share                               $0.225     $0.20     $0.45     $0.40

    Weighted - Average Number of
     Shares Outstanding (in millions)
      Basic                               125.2     125.3     125.1     125.3

      Diluted                             127.4     127.9     127.5     127.8



                                   PRELIMINARY
                               GOODRICH CORPORATION
                          SEGMENT REPORTING (UNAUDITED)
                              (DOLLARS IN MILLIONS)

                                          Three Months         Six Months
                                             Ended               Ended
                                            June 30,            June 30,
                                         2008      2007      2008      2007
    Sales:
       Actuation and Landing Systems     $689.6    $589.3  $1,371.7  $1,156.3
       Nacelles and Interior Systems      665.1     533.7   1,285.6   1,080.5
       Electronic Systems                 494.6     453.4     937.0     885.9

    Total Sales                        $1,849.3  $1,576.4  $3,594.3  $3,122.7

    Operating Income:
       Actuation and Landing Systems      $84.5     $59.0    $158.6    $108.4
       Nacelles and Interior Systems      160.7     135.1     339.5     261.1
       Electronic Systems                  71.5      62.4     120.5     117.0

    Total Segment Operating Income (1)    316.7     256.5     618.6     486.5

    Corporate General and
     Administrative Costs                 (24.1)    (32.7)    (46.7)    (61.4)
    ERP Implementation Costs               (4.1)     (4.0)     (8.9)     (7.3)

    Total Operating Income               $288.5    $219.8    $563.0    $417.8

    Segment Operating Income as a
     Percent of Sales:
       Actuation and Landing Systems       12.3%     10.0%     11.6%      9.4%
       Nacelles and Interior Systems       24.2%     25.3%     26.4%     24.2%
       Electronic Systems                  14.5%     13.8%     12.9%     13.2%

    Total Segment Operating Income as
     a Percent of Sales                    17.1%     16.3%     17.2%     15.6%


    (1) Segment operating income is total segment revenue reduced by operating
        expenses directly identifiable with our business segments, excluding
        the indirect costs related to the company-wide ERP implementation.
        Segment operating income is used by management to assess the operating
        performance of the segments. See reconciliation of total segment
        operating income to total operating income above.



                                   PRELIMINARY
                              GOODRICH CORPORATION
                CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)
                   (DOLLARS IN MILLIONS EXCEPT SHARE AMOUNTS)

                                                  June 30,        December 31,
                                                    2008              2007
    Current Assets
    Cash and cash equivalents                       $265.5            $406.0
    Accounts and notes receivable - net            1,191.1           1,006.2
    Inventories - net                              1,918.9           1,775.6
    Deferred income taxes                            181.2             178.2
    Prepaid expenses and other assets                106.7             108.4
    Income Taxes Receivable                            5.5              74.4
      Total Current Assets                         3,668.9           3,548.8
    Property, plant and equipment - net            1,420.3           1,387.4
    Prepaid pension                                   25.8              16.1
    Goodwill                                       1,421.4           1,363.2
    Identifiable intangible assets - net             476.6             452.1
    Deferred income taxes                             23.8              11.1
    Other assets                                     747.5             755.3
      Total Assets                                $7,784.3          $7,534.0
    Current Liabilities
    Short-term debt                                  $20.5             $21.9
    Accounts payable                                 703.0             586.7
    Accrued expenses                                 869.2             930.8
    Income taxes payable                              81.5              10.6
    Deferred income taxes                             31.2              29.7
    Current maturities of long-term debt
     and capital lease obligations                     1.1             162.9
      Total Current Liabilities                    1,706.5           1,742.6
    Long-term debt and capital lease
     obligations                                   1,527.5           1,562.9
    Pension obligations                              457.4             417.8
    Postretirement benefits other than
     pensions                                        338.0             358.9
    Long-term income taxes payable                   119.7             146.0
    Deferred income taxes                            171.4             170.2
    Other non-current liabilities                    554.3             556.2
    Shareholders' Equity
    Common stock - $5 par value
    Authorized 200,000,000 shares; issued
     143,452,884 shares at June 30, 2008
     and 142,372,162 shares at December 31,
     2007 (excluding 14,000,000 shares
     held by a wholly owned subsidiary)              717.3             711.9
    Additional paid-in capital                     1,502.6           1,453.1
    Income retained in the business                1,342.1           1,054.8
    Accumulated other comprehensive
     income (loss)                                    39.7              14.4
    Common stock held in treasury, at
     cost (18,347,860 shares at June 30,
     2008 and 17,761,696 shares at December
     31, 2007)                                      (692.2)           (654.8)
      Total Shareholders' Equity                   2,909.5           2,579.4
      Total Liabilities And Shareholders'
       Equity                                     $7,784.3          $7,534.0



                                   PRELIMINARY
                              GOODRICH CORPORATION
           CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
                              (DOLLARS IN MILLIONS)

                                            Three Months       Six Months
                                               Ended             Ended
                                              June 30,          June 30,
                                           2008     2007     2008     2007
    Operating Activities
    Net income                             $186.6   $124.8   $344.5   $224.6
    Adjustments to reconcile net income
     to net cash provided by operating
     activities:
    (Income) loss from discontinued
     operations                              (3.0)    (1.0)    (7.3)    (1.6)
    Restructuring and consolidation:
       Expenses                               0.5      0.6      0.6      0.8
       Payments                              (0.5)    (1.5)    (1.1)    (2.1)
    Pension and postretirement benefits:
       Expenses                              25.7     29.2     51.4     60.2
       Contributions and benefit payments   (19.9)   (96.0)   (35.2)  (114.7)
    Depreciation and amortization            63.1     61.7    127.2    121.6
    Excess tax benefits related to share-
     based payment arrangements              (2.8)    (5.6)    (8.1)    (9.6)
    Share-based compensation expense          7.9     16.0     15.7     32.1
    Deferred income taxes                    (9.7)   (11.3)   (10.7)   (20.3)
     Change in assets and liabilities,
      net of effects of acquisitions and
      divestitures:
          Receivables                       (61.0)   (24.1)  (175.1)  (113.2)
          Inventories, net of pre-
           production and excess-over-
           average                          (10.4)   (52.5)   (70.4)  (112.0)
          Pre-production and excess-over-
           average inventories              (26.8)   (31.5)   (56.5)   (64.3)
          Other current assets               (0.2)     4.7      0.4      8.7
          Accounts payable                  (25.4)   (13.5)   105.0     67.7
          Accrued expenses                    5.9     32.8    (76.9)    39.4
          Income taxes payable               23.6     24.8    122.4     76.2
          Other non-current assets and
           liabilities                       15.0      6.3     (6.4)    (1.4)
    Net Cash Provided By (Used In)
     Operating Activities                   168.6     63.9    319.5    192.1
    Investing Activities
    Purchases of property, plant and
     equipment                              (61.9)   (58.9)  (116.3)   (95.0)
    Proceeds from sale of property, plant
     and equipment                            2.7      0.6      2.7      0.7
    Payments made in connection with
     acquisitions, net of cash acquired     (84.1)     -      (93.6)     -
    Net Cash Used In Investing Activities  (143.3)   (58.3)  (207.2)   (94.3)
    Financing Activities
    Increase (decrease) in short-term
     debt, net                               10.4     10.0     (1.6)    (1.8)
    Repayment of long-term debt and
     capital lease obligations             (197.2)    (0.3)  (197.7)    (0.7)
    Proceeds from issuance of common
     stock                                   10.3     31.3     24.0     68.1
    Purchases of treasury stock             (20.6)   (55.5)   (37.4)  (113.3)
    Dividends                               (28.5)   (25.4)   (57.0)   (50.5)
    Excess tax benefits related to share-
     based payment arrangements               2.8      5.6      8.1      9.6
    Distributions to minority interest
     holders                                 (0.8)    (0.8)    (6.3)    (2.5)
    Net Cash Used In Financing Activities  (223.6)   (35.1)  (267.9)   (91.1)

    Net cash (used in) provided by
     discontinued operations                  0.1      9.9     13.5      3.7
    Effect of exchange rate changes on
     cash and cash equivalents                0.5      1.1      1.6      1.7
    Net increase (decrease) in cash and
     cash equivalents                      (197.7)   (18.5)  (140.5)    12.1
    Cash and cash equivalents at
     beginning of period                    463.2    231.9    406.0    201.3
    Cash and cash equivalents at end of
     period                                $265.5   $213.4   $265.5   $213.4



                                   PRELIMINARY
                              GOODRICH CORPORATION
                 SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
                              (DOLLARS IN MILLIONS)

                                             Three Months       Six Months
                                                Ended             Ended
                                               June 30,          June 30,
    Preliminary Income Statement Data:      2008     2007     2008     2007

    Net Interest Expense                   $(27.1)  $(29.3)  $(54.8)  $(59.1)

    Other Income (Expense), Net:            $(8.3)  $(17.4)  $(22.6)  $(33.0)
        - Divested Business Retiree
          Health Care                        (3.0)    (4.4)   (10.8)    (9.2)
        - Income (Expense) related to
          previously owned businesses        (1.3)    (5.6)    (3.8)   (11.3)
        - Minority interest and equity in
          affiliated companies               (5.1)    (7.2)    (8.8)   (12.9)
        - Other Income (Expense)              1.1     (0.2)     0.8      0.4


    Preliminary Cash Flow Data:
    Dividends                              $(28.5)  $(25.4)  $(57.0)  $(50.5)

    Depreciation and Amortization           $63.1    $61.7   $127.2   $121.6
        - Depreciation                       45.2     45.2     90.4     87.9
        - Amortization                       17.9     16.5     36.8     33.7


                                                   June 30,          Dec. 31,
    Preliminary Balance Sheet Data:                  2008              2007

    Preproduction and Excess-Over-Average
     Inventory                                      $572.0            $515.4

         Short-term Debt                             $20.5             $21.9
         Current Maturities of Long-term
          Debt and Capital Lease Obligations           1.1             162.9
         Long-term Debt and Capital Lease
          Obligations                              1,527.5           1,562.9

    Total Debt[1]                                 $1,549.1          $1,747.7
         Less: Cash and Cash Equivalents             265.5             406.0

    Net Debt[1]                                   $1,283.6          $1,341.7


    [1] Total Debt (defined as short-term debt plus current maturities of
        long-term debt and capital lease obligations plus long-term debt and
        capital lease obligations) and Net Debt (defined as Total Debt minus
        cash and cash equivalents) are non-GAAP financial measures that the
        Company believes are useful to rating agencies and investors in
        understanding the Company's capital structure and leverage. Because
        all companies do not calculate these measures in the same manner, the
        Company's presentation may not be comparable to other similarly titled
        measures reported by other companies.

SOURCE Goodrich Corporation

http://www.goodrich.com

NAVY

L-3 Communications Integrated Systems L.P., Waco, Texas, is being awarded a $60,630,244 not-to-exceed undefinitized contract action for the fabrication and delivery of four P-3 Outer Wing Assembly kits in support of the P-3 recovery plan. Work will be performed in South Korea, (51 percent) and Waco, Texas, (49 percent), and is expected to be completed in Jun. 2010. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity (N00019-08-C-0065).

BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $13,990,687 modification to previously awarded contract (N00024-05-C-4404) to exercise an option for alterations and repairs for the USS Oscar Austin (DDG-79) FY08 docking selected restricted availability. The modification provides the following major alterations and repairs: repairs to underwater hull, repairs to propeller shafts and struts, repairs to sonar dome, and bow-strengthening alteration. Work will be performed in Norfolk, Va., and is expected to be completed by Nov. 2008. Contract funds in the amount of $12,266,074 will expire at the end of the current fiscal year. The Mid-Atlantic Regional Maintenance Center, Norfolk, Va., is the contracting activity.

AGVIQ-CH2M Hill Joint Venture III, Anchorage, Ala., is being awarded a $9,322,161 modification 01 to contract task order JM04 under previously awarded cost-plus-award-fee contract (N62470-08-D-1006). The work to be performed is for corrective remedial actions of various sites, including Solid Waste Management Units 7/8, 54 and 55 at the U.S. Naval Activity. Work will be performed primarily in Ceiba, Puerto Rico, and work is expected to be completed Nov. 2011. Contract funds will not expire at the end of the current fiscal year. The Naval Facilities Engineering Command, Southeast, Jacksonville, Fla., is the contracting activity.

TAOS Industries, Inc., Madison, Ala., is being awarded a $5,786,059 firm-fixed priced, indefinite-delivery/indefinite-quantity contract. The preponderance of the contract is firm-fixed-priced for recurring services. Less than one percent of the contract value is for annual indefinite-delivery/indefinite-quantity contract line item numbers. The contract is for the Consolidated Storage Program, which consists of: program management support and facilities operation (encompassing individual and organizational bulk issue, recovery, warehousing, organizational maintenance, asset management including visibility, accountability, automated shelf-life management, replenishment and replacement for the Marine Corps families of individual combat equipment; chemical, biological, radiological, and nuclear defense equipment; special training allowance pool (cold, hot, wet weather clothing and equipment, humanitarian effort assets, and any other specialty clothing and equipment item); and shelters & camouflage netting. This contract includes six option years, which if exercised, would bring the potential cumulative value of the contract to $140,000,000. Work will be performed in Jacksonville, N.C., (21.5 percent); Okinawa, Japan, (20.5 percent); Oceanside, Calif., (18.0 percent); Madison, Ala., (10.0 percent); San Diego, Calif. (05.0 percent); Yuma, Ariz. (05.0 percent); Kaneohe Bay, Hawaii, (05.0 percent); Awaken, Japan, (05.0 percent); Barstow, Calif., (02.5 percent); Bridgeport, Calif., (02.5 percent); Havelock, N.C., (02.5 percent); Beaufort, S.C., (02.5.0 percent), and work is expected to be completed Aug. 2009 (Aug. 2015 with exercised options). Contract funds in the amount of $5,786,059 will expire at the end of the current fiscal year. This contract was competitively procured with 31 proposals solicited and six offers received. Marine Corps Logistics Command, Albany, Ga., is the contracting activity (M67004-08-D-0018).

ARMY

General Atomics, San Diego, Ca., was awarded on Aug. 18, 2008, a $11,449,606 time & materials contract for modification to extend the period of performance for support services to Highlighter operations in Iraq. Work will be performed in Iraq with an estimated completion date of Dec. 21, 2008. One bid was solicited and one bid received. CECOM Acquisition Center, Fort Monmouth, N.J., is the contracting activity (W15P7T-08-C-T205).

I.L. Fleming, Inc., Midway, Ga., was awarded on Aug. 18, 2008, a $15,580,056 firm-fixed price contract to construct a 120 person multi-story 3,958 square meter facility with reinforced concrete foundation and floor slabs, insulated maintenance free exterior walls and exterior stairs, standing seam metal roof, force protection system, utilities, parking, access road and site improvements. Facility includes room-bath-room modules, kitchens, fan-coil units with individually controlled thermostats, communication, fire suppression, elevator, lounge, laundries, storage areas and all other support necessary to provide a complete and usable facility. Project will comply with all DoD force protection standards. Work will be performed at Moody Air Force Base, Ga., with an estimated completion date of Nov. 20, 2009. 100 proposals were solicited with four bids received. U.S. Army Engineer District, Savannah, Ga., is the contracting activity (W912HN-08-C-0033).

General Atomics Aeronautical System, San Diego, Ca., was awarded on Aug. 15, 2008, a $7,896,513 cost plus fixed fee contract to acquire three extended-range multi-purpose Block 0 Unmanned Aircraft in support of Operation Iraqi Freedom and Operation Enduring Freedom. Work will be performed in San Diego, Ca., with an estimated completion date of Mar. 31, 2010. One bid was solicited and one bid received. U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the contracting activity (W58RGZ-06-C-0208).

Alcan General, Anchorage, Ala., was awarded on Aug. 15, 2008, a $54,178,881 firm-fixed price contract to design and build a battalion complex at Fort Richardson, Ala., (FTR195 & FTR 197). Work will be performed at Fort Richardson, Ala., with an estimated completion date of Sept. 10, 2010. Bids were solicited via the Web with two bids received. U.S. Army Engineer District Ala., Elmendorf Air Force Base, Ala., is the contracting activity (W911KB-08-C-0014).

AIR FORCE

CPI Aerostructures, Inc., of Edgewood, N.Y.; GSE Dynamics Inc. of Hauppauge, N.Y.; and Top Flight Aerostructures, Inc., of Marietta, Ga., are being awarded an indefinite delivery/indefinite quantity contract for a maximum of $40 million. This action will provide 108 aircraft spare parts included in the scope of the contract and applicable to multiple platforms including the C-5 Galaxy, A-10, H-53 helicopter, C-135, B-52, B-1, A-10, and T-38. Quantities will be negotiated as requirements generate. At this time $12,116 has been obligated to CPI Aerostructures; $353,316 has been obligated to GSE Dynamics Inc.; and $53,980 has been obligated to Top Flight Aerostructures. 603 SCMS/GUBA, Robins AFB, Ga., is the contracting activity (FA8537-08-D-0001, FA8537-08-D-0003, FA8537-08-D-0004).