Goodrich Corporation (NYSE: GR) has completed the acquisition of AIS Global Holdings LLC (AIS), known as Atlantic Inertial Systems, from an investment affiliate of J.F. Lehman & Company. The purchase price was approximately $375 million.

Goodrich Corporation| GR UPGoodrich had announced its intentions to acquire AIS on November 17, 2009. Details on the transaction can be found on the Goodrich press release issued that day; click here to read in its entirety.

AIS is a leading provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market. J.F. Lehman & Company is a private equity investment firm that focuses exclusively on acquiring middle market companies in the defense, aerospace and maritime industries.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.

I am pleased to inform you that, after receiving strong interest from a variety of potential purchasers, J.F. Lehman & Company has reached an agreement to sell Atlantic Inertial Systems (“AIS”) to Goodrich Corporation (“Goodrich”). It is anticipated that the sale transaction will be completed before the end of the year following the receipt of various regulatory approvals.

Goodrich, a Fortune 500 company, is a leading supplier of systems and services to the aerospace, defense and homeland security markets worldwide. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with an extensive worldwide array of manufacturing and service facilities. Goodrich views AIS as a high growth platform with exceptional technological capabilities. As such, it will be an excellent complement to Goodrich’s Sensors and Integrated Systems business within its Electronic Systems segment. The combination of AIS with Goodrich is one that will benefit all of our customers and will enable our US and UK businesses to continue their trajectory of profitable growth.

Over the past two years, AIS has been fortunate to earn a leading market reputation across the globe. The credit for this goes to each of our employees who have worked so diligently to create such a strong business and brand name on both sides of the Atlantic. I want to take this opportunity to thank you personally for the hard work and commitment you have shown this company. We can collectively look forward to a very bright future for AIS as part of Goodrich.

Yours sincerely,

Christopher Holmes
President CEO

Atlantic Inertial Systems (AIS) will exhibit its TERPROM® digital terrain system, designed to provide non-GPS navigation and obstacle avoidance for both fixed wing and helicopter platforms, at this year’s Dubai Airshow. In service on over 5000 aircraft across the globe, the system is operational on all Eurofighter aircraft, as well as the Royal Air Force Hawk Advanced Jet Trainer.

Hugh Williams, Engineering Director of AIS explains, “TERPROM® is the only system of its capability on the market. The most proven digital terrain system in the world today, it successfully blends and interprets the inputs of many sensors to provide the pilot with full situational awareness, enabling him to fly far more safely and effectively.“

TERPROM® offers fighter aircraft Terrain Referenced Navigation, predictive ground proximity warning plus precision weapon aiming to enable safer, faster and more precise operations.

For transport aircraft TERPROM® offers a highly capable Terrain Awareness Warning System (TAWS) specifically designed for freight/transport operations. It is the only Controlled Flight into Terrain (CFIT) protection system specifically designed as a low level tactical system.

And in today’s swiftly changing environment, with the growing dependency on the flexibility of rotary wing aircraft, TERPROM® has been evolved to provide highly effective passive navigation and terrain warning to the pilot as he operates close to the ground, seeking cover from the terrain. Helicopter TERPROM® generates Advanced Terrain Avoidance Cues (ATAC) and provides predictive obstruction and wire threat advice. Integrated with other onboard sensors it also offers the potential to fly nap-of-the-earth operations automatically and far more safely.

Come and see the TERPROM® demonstrator at the Dubai Airshow, Stand No W122

 Goodrich will be participating in the following 2010 exhibitions and conferences:

Singapore - February 2-7
Changi Int’l Airport, Singapore

Def Expo - February 15-18
Delhi, India

AFA Air Warfare Symposium - February 10-18
Orlando, Florida

Military Flight Training - February 24-25
London

AUSA Winter - February 25-27
Ft. Lauderdale, Florida

Future Artillery Conference - March 23-24
Russell Hotel, London

AAAA - April 14-17
Fort Worth, Texas

IEEE/ION PLANS - May 3-6
Indian Wells, Palm Springs

ION/JSDE Joint Navigation Conference - June 8-10
Orlando, Florida

Eurosatory - June 14-18
Paris

FIAS - July 19-25
Farnborough

AUVSI - August 24-27
Denver, Colorado

MSPO - September 6-9
Kielce, Poland

HeliTech - October 5-7
Estoril, Portugal

MCM-ITP - October 19-20
Manchester, UK

AUSA - October 25-27
Washington, DC

Atlantic Inertial Systems of Plymouth UK were delighted to read that Raytheon Company fired two precision-guided projectiles from a Paladin gun system during the first guided flight test of the Raytheon Excalibur Ib program.

AIS supplied the Inertial Measurement Unit (IMU) for the weapon and are delighted with the performance of these tests, which maintain the AIS enviable 100% success record in guided gun firings.

The rounds, with Raytheon’s new fixed-base design, software, and Excalibur Ia guidance and control section, exited perfectly from the gun tube, demonstrating correct fin erection, stable flight and accuracy better than required.

The Excalibur Ib is a precision-guided artillery projectile based on Raytheon’s combat-proven Excalibur 1a. The tests demonstrated how the new base design, changes to the Excalibur Ia warhead, fuzing and control actuation system work together to simplify the design, reducing round production costs and increasing system reliability.

Latest developments in Atlantic Inertial Systems’ (AIS) ‘TERPROM® Digital Terrain System increase support for the pilot in critical military close air support operations - the vital role often required of pilot and aircraft in today’s military operations and low level ‘civil’ operations.

In a paper presented by AIS Manager Business Development, Zenon Melnyk, at the Joint Navigation Conference in Florida earlier this month, two specific areas of enhancement were detailed.

The first, the introduction of higher resolution Digital Terrain Elevation Data (DTED) has significant operational benefits. Using databases upgraded from DTED Level 1 to Level 2 increases the performance and safety of platforms flying ‘nap of the earth’ whilst decreasing reliance on Global Positioning Systems (GPS). The accuracy of TERPROM® Terrain Referenced Navigation (TRN) with DTED L2, even in GPS denied circumstances, could improve from an average 20 metres CEP (Circular Error Probable) to less than 10 metres CEP. enabling improved navigational performance, even in low visibility situations. Higher resolution terrain data also results in improvements situational awareness for the pilot, as well as enhancing the other TERPROM functionality.

The second development, the integration of digital terrain data with information from active forward looking sensors, enhances the accuracy and integrity of TERPROM®s navigation, situational awareness and ranging functions and provides valuable new capabilities, such as the ability to identify and map, in real time, previously unmapped terrain features and obstructions.

Nick Wilkinson, AIS Navigation and Support Chief Engineer comments: “TERPROM® is a living product. Since its introduction in 1991 it has proved an extremely valuable tool for pilots of fast jet and military transport platforms. In order to maintain optimum performance in each evolving environment and for all airborne platforms, TERPROM® must also advance, incorporating the latest technological developments to offer an effective solution to meet the full range of changing operational needs.“

“An example of an emerging requirement is evident in the USA where the FAA is expected to require Helicopter Emergency Medical Services (HEMS) to equip their helo’s with specific Terrain Awareness Warning Systems (TAWS) in a move to decrease the number of fatal helicopter crashes.“, Wilkinson continues. “TERPROM® could be a significant contender for this market, and the introduction of higher levels of DTED will increase the considerable safety benefits we can offer.“

TERPROM® can help improve navigational accuracy and situational awareness for helicopter crews particularly during low level flight and especially in low level unexpected or intermittent Instrument Meteorological Conditions (IMC). It is specifically designed to offer superior ground and obstacle collision warning and terrain following capability in the low level, lower speed, hover and loitering type operations performed by the military and commercial helicopters such as those being used in first responder/emergency aid type roles.

Notes to Editors:
TERPROM® is in use with 14 nations worldwide and equips over 5000 aircraft. At its core is the Terrain Referenced Navigation (TRN) function which navigates by combining aircraft navigation data (eg GPS and/or Inertial) and radar altimeter measurements of height above ground level with terrain heights above mean sea level drawn from the stored map data. This produces a navigation solution that allows the other TERPROM® functions such as Predictive Ground Collision Avoidance (PGCAS), Advanced Terrain Avoidance Cueing (ATAC), Obstruction and Wires Warning and Cueing (OWWC) and the Terrain Awareness Display (TAD)to function with high levels of accuracy.
Atlantic Inertial Systems was created following its divestiture from BAE Systems to J.F. Lehman & Co, a US investment company, in August 2007. AIS has facilities in Cheshire CT, USA, and in Plymouth, UK employing over 800 personnel worldwide
and provides a range of Inertial Sensors, Inertial Measurement Units & Inertial Navigation Systems for guidance, control and navigation of platforms, systems and weapons in worldwide aerospace and defence markets.
AIS has a JV with Sumitomo Precision Products (SSP), Silicon Sensing Systems (SSS). They supply MEMS sensors and sensor packages for automotive & commercial markets. To date, AIS has delivered over 4 million instruments and has more than 15,000 MEMS sensors in service with its military and aerospace worldwide customer base. AIS continues to invest in product development and facilities in the US and UK, to ensure they can continue to deliver excellent products, flexible designs and support to their global customer base.
For more information please contact: Helene Cox , PR Advisor, Atlantic Inertial Systems. Tel: +44 (0)1837 849114, Cell: +44 (0)7710 074255 Press releases are also available on the website: http://www.atlanticinertial.com © AIS Ltd 2009

Atlantic Inertial Systems (AIS) launches its next generation of ruggedized solid state MEMS (Micro Electro-Mechanical Systems) inertial systems at the Paris Airshow this week. By introducing a new MEMS gyro into their inertial measurement unit (SiIMU02) and single axis rate sensor (SiRRS02) products, AIS can offer improved noise performance and half the bias of its first generation inertial systems. This new MEMS rate sensor represents a significant technological step forward, extending the range of potential applications for MEMs based inertial systems.

Hugh Williams, Engineering Director, AIS, comments: “The enhanced performance of our new generation rate sensor grows the potential market for these MEMS inertial systems significantly. For example, the improved performance SiIMU02 and SiRRS02 products now offer the high levels of performance necessary for long endurance missions and applications traditionally serviced by higher cost, larger and heavier mechanical or fibre optic based inertial systems.“

AIS MEMS ruggedized inertial systems are widely used in a variety of military applications today including precision artillery munitions, guided rockets and missiles. The design of the MEMS sensor has been optimized to reduce the critical performance parameters of bias and noise. This has been achieved without compromising the outstanding resilience of the silicon ring based sensor to operating vibration and shock - an important discriminator between AIS technology and that of its competitors.

AIS is a market leader in inertial sensors and sensor systems - both traditional spinning wheel gyros and solid state MEMS sensors - supplying the appropriate product for each customer and application. Over 20,000 AIS MEMS inertial systems are in use today on military platforms such as Excalibur, RAM, Seawolf and NLAW and more than 4 million spinning wheel based products have been delivered worldwide to a huge range of customers and applications.

Notes to Editors:
Atlantic Inertial Systems was created following its divestiture from BAE Systems to J.F. Lehman & Co, a US investment company, in August 2007.
AIS has facilities in Cheshire CT, USA, and in Plymouth, UK employing over 800 personnel worldwide
and provides a range of Inertial Sensors, Inertial Measurement Units & Inertial Navigation Systems for guidance, control and navigation of platforms, systems and weapons in worldwide aerospace and defence markets.
The company also provides TERPROM® the world’s most advanced digital terrain system which provides terrain referenced navigation, predictive ground proximity warning and weapon aiming capabilities.
AIS has a JV with Sumitomo Precision Products (SSP), Silicon Sensing Systems (SSS). They supply MEMS sensors and sensor packages for automotive & commercial markets
To date, AIS has delivered over 4 million instruments and has more than 15,000 MEMS sensors in service with its military and aerospace worldwide customer base. TERPROM® is in service on over 5000 aircraft.
AIS continues to invest in product development and facilities in the US and UK, to ensure they can continue to deliver excellent products, flexible designs and support to their global customer base.

For more information please contact: Helene Cox, PR Advisor, Atlantic Inertial Systems.
Tel: +44 (0)1837 849114 Cellphone: +44 (0)7710 074255

© AIS Ltd 2009

The NEMESIS (Directional Infrared Countermeasures) DIRCM system is the only system in production today with a field proven track record. The AAQ-24 system is designed to protect aircraft against IR threats, associated with Man Portable Air Defence Systems, such as shoulder fired Infra red heat seeking Surface-to-Air Missiles, associated with use by terrorist organisations. Heat seeking missiles work by latching onto the thermal signature of the aircraft. The AAQ-24 detects the launch of a missile from the flash of its rocket motor igniting and determines if it is a threat. It warns the aircrew of a threat and automatically actions a stabilised turret mounted on the exterior of the craft to switch on a powerful lamp or laser which effectively blinds the incoming missile. As the energy transmitted by the AAQ-24 turret is more powerful than the aircraft’s own infrared signature the missile loses lock and misses its target.

Jim Chapman, VP Operations for AIS Ltd said “We are delighted to receive a further order for the CIU. In selecting the AIS system Northrop Grumman not only leverages expertise from a world beating technology company, but also supports the industrial participation between the US and UK.“

Notes to Editors:
Atlantic Inertial Systems was created following its divestiture from BAE Systems to J.F. Lehman & Co, a US investment company, in August 2007.
AIS has facilities in Cheshire CT, USA, and in Plymouth, UK employing over 800 personnel worldwide and is celebrating the completion of its first year as an independent company.
AIS provides a range of Inertial Sensors, IMUs & INS for guidance, control and navigation of platforms, systems and weapons in worldwide aerospace and defence markets.
The company also provides TERPROM® the world’s most advanced digital terrain system which provides terrain referenced navigation, predictive ground proximity warning and weapon aiming capabilities.
AIS has a JV with Sumitomo Precision Products (SSP), Silicon Sensing Systems (SSS). They supply MEMS sensors and sensor packages for automotive & commercial markets
To date, AIS has delivered over 5 million instruments and has more than 15,000 MEMS sensors in service with its military and aerospace worldwide customer base. TERPROM® is in service on over 5000 aircraft.
AIS continues to invest in product development and facilities in the US and UK, to ensure they can continue to deliver excellent products, flexible designs and support to their global customer base.

For more information please contact:

Helene Cox
Tel: +44 7710 074255
Email: helene@helenecoxpr.co.uk

© AIS Ltd 2009

Atlantic Inertial Systems (AIS) will exhibit its TERPROM® digital terrain system, designed to provide non-GPS navigation and obstacle avoidance for both fixed wing and helicopter platforms, at this year’s Paris Airshow.

Developed specifically for military aircraft operations TERPROM® is the world leading Digital Terrain System, offering a range of capabilities that can provide both safety and operational benefits to the aircraft. To date it has been selected by fourteen Nations worldwide for use on numerous platforms. The number of military aircraft equipped with TERPROM® is now over 5000 and growing.

TERPROM® provides the following functions:
- Terrain Referenced Navigation (TRN)
- Predictive Ground Collision Avoidance System (PGCAS)
- Advanced Terrain Avoidance Cueing (ATAC)
- Obstruction & Wires Warning and Cueing (OWWC)
- Air to Ground Ranging Functions
- Terrain Awareness Display (TAD)

At the core of the system is the Terrain Referenced Navigation (TRN) capability, which works by combining aircraft navigation data (e.g. inertial and, or GPS) and radar altimeter measurements with terrain heights from the stored map data, to produce a navigation solution referenced to the terrain.

TERPROM® is a living product that has and continues to receive significant internal investment to increase its capability, functionality and performance to support future opportunities. Current areas of development include:

- Use of higher resolution DTED data which will increase the performance of TERPROM® and offer enhanced capability to platforms flying nap of the earth, capability in urban areas and could also reduce any platform reliance on GPS.

- Integration with active forward looking sensors to provide additional information to the Navigation, Situational Awareness and Ranging functions and also to provide new capabilities such as real time mapping of unmapped terrain features and obstructions.

See us on the WEAF Stand in the SBAC UK Pavilion, Hall 2B, Stand No: G91

© AIS Ltd 2009