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The global supplier of aerospace systems and services said the plan is a response to the decline in program volume and shortage of appropriate labor to cost-effectively fill capacity.
About 400 employees work at the Marble Avenue facility, which supplies landing gear to commercial and military customers. These activities will be transferred to other landing-gear facilities.
Goodrich expects to record a pre-tax charge totaling approximately $39 million with the closure, of which 40% is non-cash.
Approximately $16 million (8 cents per diluted share) will be recorded in the second quarter of 2011 and approximately $5 million (3 cents per diluted share) will be recorded in the second half of 2011. Approximately $15 million (7 cents per diluted share) will be recorded next year.
These charges will be reflected in Goodrichs second quarter results to be unveiled on July 28.