Goodrich (GR) announced Wednesday that it has been selected by Airbus to provide the nacelle system for a new engine for the Airbus A320 Family of single-aisle airplanes. Under the agreement, GR will design the nacelle and thrust reversers for the Pratt & Whitney PurePower 1100G engine that will be used by the Airbus A320 Family, designated the A320neo (new engine option). The company will also perform engine build up (EBU) for the PurePower propulsion system. Shares closed at $85.57.