Ventures take off for aero firms

Xi'an Aircraft International Corporation (XAIC) and Goodrich Corporation signed agreements yesterday to form two joint-venture companies that will be involved in the manufacture of landing gear and nacelle (engine compartment) components.

The forming of the two companies marks Goodrich's first overseas joint-ventures (JVs). Goodrich Landing Gear and Goodrich Aerostructures will work with XAIC on the projects.

Both joint-venture companies will be owned equally by Goodrich and XAIC.