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Aerospace market forecasts The trend for Rohr to associ- Our strategy of maintaining a for the remainder of this cen- ate as a major supplier for the strong market share, careful in- tury have improved during engine manufacturers continues vestment to support our growth the past year. Following three as the aerospace. industry looks and product-related application unusually strong years from increasingly for single respon- of new technology has strength- 1985 through 1987, when Free sibility for delivery of the com- ened Rohr's position in the World airlines ordered nearly plete propulsion system (engine aerospace market for the 1990s 2,000 aircraft, 1988 orders are and nacelle). Rohr also contin- and beyond. coming in at an unanticipated ues to retain the solid relation- We appreciate your support brisk pace-well ahead of the ships we have developed over as shareholders through this past three years. the decades with the major period of growth and thank our These increased orders have commercial and military air- employees for their dedicated contributed to our $1.6 billion craft manufacturers. contributions. firm backlog, for which Rohr Rohr's major strengths in the has customer authorization to market are its specialized prod- I ~ './"! - , " begin manufacturing. Finn back- ucts and technology. Areas I..... - ; .~--- log was $1.2 billion a year ago. where Rohr has made signifi- H. W. Todd Under longer-term contracts, cant contributions are the use Chairman, Chief Executive Rohr has approximately an of lighter-weight, non-metallic Officer and President additional $2 billion anticipated composite materials in higher- backlog. This represents existing temperature areas adjacent to contracts with options which the engine; noise suppression; Rohr expects customers will and, under development, ultra- exercise based on current aero- high-temperature materials for space market projections. high-performance fighter air- The sales growth is expected craft and the National Aero- to come from the commercial, space Plane. space and spares areas of our business. Our on-going military airplane business will continue to provide the company with substantial revenue. Increasing space products sales are ex- pected to offset substantially any decline in military business. <;