Goodrich to increase Share Repurchase Plan by $300 million in common stock

The Board of Directors of Goodrich Corporation approved an increase to the company’s existing Share Repurchase Plan to authorize the repurchase of up to an additional $300 million of the company’s common stock, bringing the total authorization to $600 million. Since the initial $300 million authorization was approved in October 2006, the company has repurchased 3.9 million shares for a total of $227 million, through January 31, 2008. The primary purpose of this plan is to offset dilution to existing shareholders from the company’s stock-based compensation plans.