Goodrich purchases a variety of raw materials and components for use in the manufacture of its products, including aluminum, titanium, steel, various specialty metals and carbon fiber. In some cases the company relies on sole-source suppliers for certain of these raw materials and components, and a delay in delivery of these materials and components could create difficulties in meeting production and delivery obligations. Goodrich continues to experience margin and cost pressures in some of its businesses due to increased market prices and limited availability of some raw materials, such as titanium, steel and various specialty metals. The company has taken actions to address these market dynamics, including securing long-term supply contracts for titanium, and the company currently has adequate sources of supply for raw materials and components.
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