Goodrich Completes Acquisition of TRW Aeronautical Systems
October 3, 2002
Goodrich Corp., Charlotte, N.C., completed its acquisition of TRW Inc.'s Aeronautical Systems businesses for $1.5 billion in cash. The acquired businesses manufacture and design commercial and military aerospace systems and equipment with 6,200 employees located in 22 facilities throughout the world. The businesses will be reported as a separate reportable segment for the fourth quarter, under the leadership of Jack Carmola, who also serves as president of electronic systems for Goodrich. The businesses are scheduled to be realigned and integrated into existing Goodrich reportable segments effective January 1, 2003.