Turnaround Time

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  • Goodrich's CEO Goes Unplugged Get Those Cell Phones in the Air! Free Bird!
    Posted by Gail K. Warner 5:12 PM on Aug 31, 2010

    At this very moment Goodrich’s CEO & Pres., Marshall Larsen has gone unplugged.  No, I don’t think he’s belting out his rendition of “Smells Like Teen Spirit.”  Although, personally, I’d pay to see that. However, he is at the podium addressing an audience of industry analysts assembled for Morgan Stanley’s “Global Industrials Unplugged Conference” in NYC.

    Right off the bat the moderator has asked for aftermarket detail. Larsen is summarizing the company’s historically robust and lucrative aftermarket by stating that his team considered the fourth quarter of 2009 as the bottom of the lag of its MRO activity.  Sequentially they’ve seen increases since then.  Factors in play that allowed this to happen vary from the increase in load factors which means an increase of utilization rates of aircraft in the global fleet (the more an aircraft flies, the more maintenance it needs) to a slow return of aircraft from the desert. Goodrich’s wheel and brake aftermarket business is usually the first to benefit from an uptick in overall MRO and that’s currently proving true.  The conversation has moved on to OE and Marshall has yet to burst into song. 

    Tags: om99, Goodrich, MRO, Morgan Stanley

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