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News Release

Goodrich Corporation

Four Coliseum Centre

2730 West Tyvola Road

Charlotte, NC 28217-4578

Tel: 704 423 7000

Fax: 704 423 7002

www.goodrich.com

First quarter 2012 sales grew 14 percent, to $2,153 million, compared to first quarter 2011 sales of $1,896 million. Organic growth during the first quarter 2012 was 11 percent.

First quarter 2012 net income per diluted share of $1.46, including merger-related costs, compared to first quarter 2011 net income per diluted share of $1.52. The first quarter 2011 results included a tax benefit of approximately $0.17 per diluted share that did not recur in the first quarter 2012.

On March 13, 2012, at the special meeting of shareholders, Goodrich shareholders voted to approve the proposed merger with United Technologies. The final tabulation indicated that more than 98 percent of votes cast were cast in favor of the transaction, which represented approximately 75 percent of the total outstanding shares of Goodrich common stock as of February 6, 2012, the record date for the special meeting.

On March 27 Goodrich announced that it has been awarded a contract to retrofit LED runway turnoff (RTO) lights on Lufthansa’s fleet of A319/A320/A321 aircraft. The improved lights offer better illumination and significantly improved reliability, to reduce airline operating costs, over current LED lights.

On April 2, 2012 Goodrich announced that it has signed a nacelle services agreement with LOT Polish Airlines for support of the nacelles and thrust reversers for the airline’s fleet of Embraer 195 aircraft powered by CF34-10E engines. Under the agreement, Goodrich will provide nacelle maintenance, repair and overhaul (MRO) services for the thrust reversers, inlet cowls and other nacelle components. Similarly, Goodrich will also provide access to large nacelle components for lease or exchange.

On April 2, 2012 Goodrich announced that it has been selected by Southwest Airlines to supply wheels, carbon brakes, MRO services and comprehensive asset management for its new fleet of Boeing 737-800 aircraft. The first aircraft was delivered in March 2012.

Large commercial airplane original equipment sales increased by about 27 percent,

Regional, business and general aviation airplane original equipment sales increased by about 8 percent, of which about 2 percent was organic growth,

Large commercial, regional, business and general aviation airplane aftermarket sales increased by about 6 percent, of which about 5 percent was organic growth, and

Defense and space sales of both original equipment and aftermarket products and services increased by about 10 percent. Organic sales growth for this market channel was about 4 percent.

The company reported an effective tax rate of 32.1 percent for the first quarter 2012, compared to an effective tax rate of 24.4 percent during the first quarter 2011, which resulted in lower net income of approximately $0.17 per diluted share. The first quarter 2011 tax rate included a benefit of approximately $21 million, or $0.17 per diluted share related to a tax settlement. There was no similar benefit during the first quarter 2012. Additionally, the first quarter 2011 included the benefit of the U.S. R&D tax credit, which has not been renewed for 2012.

The first quarter 2012 results included pre-tax expense of $7 million, $5 million after-tax or $0.04 per diluted share, for third party costs related to the merger with United Technologies. These expenses are included in Other Income (Expense).

The first quarter 2012 results included lower pre-tax income of $8 million, $5 million after-tax or $0.04 per diluted share, related to higher world-wide pension plan expense, compared to the first quarter 2011.

The first quarter results included higher pre-tax expenses of $6 million, $4 million after-tax or $0.03 per diluted share, related to restructuring costs and $5 million, $3 million after-tax or $0.02 per diluted share, related to an environmental remediation reserve in our Nacelles and Interior Systems segment, compared to the first quarter 2011.

The first quarter 2012 results included lower pre-tax income of $3 million, $2 million after-tax or $0.01 per diluted share, related to the changes in estimates for certain long-term contracts primarily in our aerostructures and aircraft wheels and brakes businesses, compared to the first quarter 2011. Total pre-tax changes in estimates for the first quarter 2012 were $18 million. Changes in both periods were related primarily to favorable cost and operational performance, changes in volume expectations and sales pricing improvements and finalization of contract terms on current and/or follow-on contracts.

demand for and market acceptance of new and existing products, such as the Airbus A350 XWB, A320neo and A380, the Boeing 787 and 737 MAX, the EMBRAER 190, the Mitsubishi Regional Jet (MRJ), the Bombardier CSeries, the Dassault Falcon 7X and the Lockheed Martin F-35 Lightning II and the Northrop Grumman Joint STARS re-engining program;

our ability to maintain profitability on the aerostructures 787 OE contract with Boeing;

our ability to extend our commercial OE contracts beyond the initial contract periods;

cancellation or delays of orders or contracts by customers or with suppliers, including delays or cancellations associated with the Airbus A350 XWB, A320neo and A380, the Boeing 787 and 737 MAX, the EMBRAER 190, the Mitsubishi Regional Jet (MRJ), the Bombardier CSeries, the Dassault Falcon 7X and the Lockheed Martin F-35 Lightning II and the Northrop Grumman Joint STARS re-engining program;

our ability to obtain price adjustments pursuant to certain of our long-term contracts;

the financial viability of key suppliers and the ability of our suppliers to perform under existing contracts;

the extent to which we are successful in integrating and achieving expected operating synergies for recent and future acquisitions;

performance issues with products currently in production or in use and successful development of products and advanced technologies;

the impact of bankruptcies and/or consolidations in the airline industry;

the health of the commercial aerospace industry, including the large commercial, regional, business and general aviation aircraft manufacturers;

global demand for aircraft spare parts and aftermarket services;

changing priorities or reductions in the defense budgets in the U.S. and other countries, U.S. foreign policy and the level of activity in military flight operations;

the possibility of restructuring and consolidation actions and the successful implementation of any announced actions;

threats and events associated with and efforts to combat terrorism;

the extent to which changes in regulations and/or assumptions result in changes to expenses relating to employee and retiree medical and pension benefits;

competitive product and pricing pressures;

our ability to recover under contractual rights of indemnification for environmental, asbestos and other claims arising out of the divestiture of our tire, vinyl, engineered industrial products and other businesses;

the effect of changes in accounting policies or legislation, including tax legislation;

cumulative catch-up adjustments or loss contract reserves on long-term contracts accounted for under the percentage of completion method of accounting;

domestic and foreign government spending, budgetary and trade policies;

economic and political changes in international markets where we compete, such as changes in currency exchange rates, interest rates, inflation, fuel prices, deflation, recession and other external factors over which we have no control;

the outcome of contingencies including completion of acquisitions, joint ventures, divestitures, tax audits, litigation and environmental remediation efforts;

the impact of labor difficulties or work stoppages at our, a customer’s or a supplier’s facilities;

uncertainties and business impacts associated with the proposed acquisition of the Company by United Technologies, including uncertainties relating to the anticipated timing of filings and approvals relating to the transaction, the expected timing of completion of the transaction and the ability to complete the transaction; and

the potential impact of litigation relating to the proposed transaction with United Technologies.

NET CUSTOMER SALES

Actuation and Landing Systems

Nacelles and Interior Systems

Electronic Systems

Total Sales

SEGMENT OPERATING INCOME

Actuation and Landing Systems

Nacelles and Interior Systems

Electronic Systems

Segment Operating Income

Higher large commercial airplane OE sales of approximately $51 million, primarily in our landing gear and actuation systems businesses;

Higher defense and space OE and aftermarket sales of approximately $36 million, primarily in our actuation systems and landing gear businesses, including sales associated with the Microtecnica acquisition;

Higher other aerospace and non-aerospace sales of approximately $20 million, primarily in our actuation systems and engine components businesses; and

Higher large commercial, regional, business and general aviation airplane aftermarket sales of approximately $10 million, primarily in our aircraft wheels and brakes business.

Favorable pricing in our landing gear and wheels and brakes businesses, partially offset by higher operating costs, primarily in our actuation systems and landing gear businesses, which resulted in higher income of approximately $9 million; and

Higher sales volume across most businesses, including sales associated with the Microtecnica acquisition, which resulted in higher income of approximately $7 million; partially offset by

Higher selling and administrative costs associated with the Microtecnica acquisition of approximately $7 million. In total, Microtecnica contributed approximately $4 million to segment operating income in the first quarter 2012.

Higher large commercial OE sales of approximately $83 million primarily in our aerostructures business; and

Higher large commercial, regional, business and general aviation airplane aftermarket sales of approximately $22 million primarily in our aerostructures and interior systems businesses; partially offset by

Lower defense and space OE and aftermarket sales of approximately $4 million primarily in our aerostructures business.

Higher sales volume and favorable product mix primarily in our interiors systems and aerostructures businesses which resulted in higher income of approximately $19 million; and

Higher pricing in our aerostructures and interior systems businesses, partially offset by higher operating costs which were primarily related to increased environmental remediation reserves in our interiors business, which resulted in higher income of approximately $2 million; partially offset by

Lower income of approximately $3 million related to changes in estimates for certain long-term contracts in our aerostructures business that were more favorable in 2011. These changes in estimates were primarily related to changes in costs, operational performances, volume expectations, and/or sales pricing and finalization of contract terms on current and/or follow-on contracts.

Higher defense and space OE and aftermarket sales of approximately $23 million across most businesses;

Higher regional, business, and general aviation airplane OE sales of approximately $7 million, primarily in our sensors and integrated systems and engine controls and electrical power businesses; and

Higher large commercial airplane OE sales of approximately $4 million, primarily in our sensors and integrated systems business.

Higher operating costs across most businesses, partially offset by favorable pricing primarily in our sensors and integrated systems business, which resulted in lower income of approximately $10 million; partially offset by

Higher sales volume primarily in our ISR business and favorable product mix across most businesses which resulted in higher income of approximately $6 million.

Sales

Operating costs and expenses:

Cost of sales

Selling and administrative costs

Operating Income

Interest expense

Interest income

Other income (expense) — net

Income from continuing operations before income taxes

Income tax expense

Income From Continuing Operations

Income (loss) from discontinued operations — net of income taxes

Consolidated Net Income

Net income attributable to noncontrolling interests

Net Income Attributable to Goodrich

Amounts attributable to Goodrich:

Income from continuing operations

Income (loss) from discontinued operations — net of income taxes

Net Income Attributable to Goodrich

Earnings per common share attributable to Goodrich:

Basic Earnings Per Share:

Continuing operations

Discontinued operations

Net Income Attributable to Goodrich

Diluted Earnings Per Share:

Continuing operations

Discontinued operations

Net Income Attributable to Goodrich

Dividends Declared Per Common Share

Comprehensive Income Attributable to Goodrich

Sales:

Actuation and Landing Systems

Nacelles and Interior Systems

Electronic Systems

Total Sales

Operating Income:

Actuation and Landing Systems

Nacelles and Interior Systems

Electronic Systems

Total Segment Operating Income (1)

Corporate General and Administrative Expenses

ERP Costs

Total Operating Income

Segment Operating Income as a Percent of Sales:

Actuation and Landing Systems

Nacelles and Interior Systems

Electronic Systems

Total Segment Operating Income as a Percent of Sales

Numerator

Income from continuing operations attributable to Goodrich

Percentage allocated to common shareholders

Denominator

Weighted-average shares

Effect of dilutive securities.

Adjusted weighted-average shares and assumed conversion

Per share income from continuing operations

Basic

Diluted

Current Assets

Cash and cash equivalents

Accounts and notes receivable — net

Inventories — net

Deferred income taxes

Prepaid expenses and other assets

Total Current Assets

Property, plant and equipment — net

Goodwill

Identifiable intangible assets — net

Deferred income taxes

Other assets

Total Assets

Current Liabilities

Short-term debt

Accounts payable

Accrued expenses

Income taxes payable

Deferred income taxes

Current maturities of long-term debt and capital lease obligations

Total Current Liabilities

Long-term debt and capital lease obligations

Pension obligations

Postretirement benefits other than pensions

Long-term income taxes payable

Deferred income taxes

Other non-current liabilities

Shareholders’ Equity

Common stock — $5 par value

Authorized 200,000,000 shares; issued 150,503,327 shares at
March 31, 2012 and 149,713,719 shares at December 31, 2011
(excluding 14,000,000 shares held by a wholly owned subsidiary)

Additional paid-in capital

Income retained in the business

Accumulated other comprehensive income (loss)

Common stock held in treasury, at cost (24,583,946 shares at March 31, 2012 and 24,422,527 shares at December 31, 2011)

Total Shareholders’ Equity

Noncontrolling interests

Total Equity

Total Liabilities And Equity

Operating Activities

Consolidated net income

Adjustments to reconcile consolidated net income to net cash (used in) provided by operating activities:

(Income) loss from discontinued operations

Restructuring and consolidation:

Expenses

Payments

Pension and postretirement benefits:

Expenses

Contributions and benefit payments

Depreciation and amortization

Excess tax benefits related to share-based payment arrangements

Share-based compensation expense

Deferred income taxes

Change in assets and liabilities, net of effects of acquisitions and divestitures:

Receivables

Inventories, net of pre-production and excess-over-average

Pre-production and excess-over-average inventories

Other current assets

Accounts payable

Accrued expenses

Income taxes payable/receivable

Other assets and liabilities

Net Cash (Used In) Provided By Operating Activities

Investing Activities

Purchases of property, plant and equipment

Proceeds from sale of property, plant and equipment

Payments received (made) in connection with acquisitions, net of cash acquired

Investments in and advances to equity investees

Net Cash Used In Investing Activities

Financing Activities

Increase (decrease) in short-term debt, net

Proceeds (repayments) of long-term debt and capital lease obligations

Proceeds from issuance of common stock

Purchases of treasury stock

Dividends paid

Excess tax benefits related to share-based payment arrangements.

Distributions to noncontrolling interests

Net Cash Used In Financing Activities

Discontinued Operations

Net cash provided by (used in) operating activities

Net cash provided by (used in) investing activities

Net cash provided by (used in) financing activities

Net cash provided by (used in) discontinued operations

Effect of exchange rate changes on cash and cash equivalents

Net increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

Preliminary Income Statement Data:

Net Interest Expense

Other Income (Expense), Net:

- Merger related expenses

- Retiree health care expenses related to previously owned business

- Expenses related to previously owned businesses

- Equity in affiliated companies

- Other — net

Preliminary Cash Flow Data:

Dividends paid

Depreciation and Amortization

- Depreciation

- Amortization

Net Cash (Used In) Provided By Operating Activities

Purchases of Property, Plant and Equipment (Capital Expenditures)

Net Cash (Used In) Provided By Operating Activities minus Capital Expenditures (Free Cash Flow^[1])

Preliminary Balance Sheet Data:

Preproduction and Excess-Over-Average Inventory

Short-term Debt

Current Maturities of Long-term Debt and Capital Lease Obligations

Long-term Debt and Capital Lease Obligations

Total Debt^[2]

Cash and Cash Equivalents

Net Debt^[2]

Free cash flow, which represents net cash provided by operating activities minus capital expenditures, is a cash performance measure used by the Company. It is a non-GAAP financial measure that the Company believes provides a relevant measure of liquidity and a useful basis for assessing the Company’s ability to fund its activities, including the financing of acquisitions, debt service, repurchases of the Company’s common stock and distribution of earnings to shareholders.

Total Debt (defined as short-term debt plus current maturities of long-term debt and capital lease obligations plus long- term debt and capital lease obligations) and Net Debt (defined as Total Debt minus cash and cash equivalents) are non- GAAP financial measures that the Company believes are useful to rating agencies and investors in understanding the Company’s capital structure and leverage. Because all companies do not calculate these measures in the same manner, the Company’s presentation may not be comparable to other similarly titled measures reported by other companies.