CHARLOTTE, N.C. (AP) -- Aerospace supplier Goodrich Corp. said Monday it will supply air data systems and crew seats for Brazil's big manufacturer of executive jets and midsize commercial jets, Embraer.
The deal is worth up to $110 million, the company said.
Goodrich will provide Embraer's Legacy 450 and 500 executive jets with an air data sensing technology that integrates pressure sensors and multifunction sensing probes, as well as crew seats.
The Legacy 500 is expected to enter service in the second half of 2012, and the Legacy 450 in the second half of 2013.
The work will be performed at a Goodrich facility in Burnsville, Minn., as well as Colorado Springs, Colo.
Shares of Goodrich fell $3.01, or 8 percent, to $34.12 in later morning trading. Earlier shares set a 52-week low of $33.74 amid a broader market sell-off.
Embraer's U.S.-traded shares also hit a year low of $20.96 earlier and were recently down $2.67, or 11 percent, to $21.36.