BFGoodrich Aerospace Joint Venture With SIA Engineering Company

11 October 2000

BFGoodrich Aerospace and SIA Engineering Company have signed a Memorandum of Understanding to enter into a partnership to repair and overhaul aircraft nacelles, thrust reversers and pylon components. The joint venture will be based on SIAEC acquiring a 30 % equity position in Rohr Aero Services - Asia (RASA) a wholly-owned subsidiary of BFGoodrich. SIAEC also has an option to acquire, subject to certain conditions, an additional 10%. RASA, which will continue as the venture's name, operates a 60,000 sq. ft. facility located in Singapore's Loyang aerospace hub. It is currently capable of repairing and overhauling a wide range of aircraft nacelles, pylon components and thrust reversers used for virtually all Airbus and Boeing aircraft. The new repair venture plans to expand RASA's capacity to service airframe composite-material components as well. "BFGoodrich is excited about our new partnership with SIAEC," said Mr. Gustafson. "By combining the proven capabilities of both organizations, we will now be able to offer a more extensive array of nacelle and composite repair capabilities tailored to meet specific needs of our combined airline customer base." Commenting on the partnership, Mr. Sirisena said, "The repair and overhaul of aircraft nacelles and thrust reversers requires a high degree of technical skill. This partnership with BFGoodrich Aerospace, who, like ourselves, is renowned for excellence and quality, will enable us to broaden our services to customers and to tap BFGoodrich expertise

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