The contracts are valued at RM450 million for the next five years. The contracts will last for the life of the aircraft and CTRM projects the total contract value to be RM3.5 billion.

Under these agreements, CTRM will expand its capabilities to include deliveries of larger, more complex components and composite assemblies for long-term programmes.

These agreements further the strategic cooperation between CTRM and Goodrich Aerostructures business unit. CTRM has been a component supplier to Goodrich Aerostructures since 2004.

The Goodrich contract increases CTRM’s current book order of RM3 billion to approximately RM6.5 billion. The company expects this to increase to RM8.5 billion by the end of the year as new contracts from various customers are concluded.

Goodrich Corporation, headquartered in Charlotte, North Carolina, USA, is a global supplier of systems and services to aerospace, defence and homeland security markets. Goodrich Aerostructures is contracted to provide the nacelle systems for the Airbus A350 XWB and the Boeing 787 Dreamliner.

Composites Technology Research Malaysia Sdn Bhd (CTRM) was established to develop a high technology-based industry in Malaysia in the areas of aerospace and composites, two industries identified by the Malaysian government as crucial to the future industrial growth of the country.