-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, bmuk/PAAT04Nban1+x/lQkTZxpO1faQNO4JE2bjxM0IDRiuw3ntUDv3juNhLRVWP kS1uP4UJ6crDe21JA384Ug== 0000898430-94-000892.txt : 19941201 0000898430-94-000892.hdr.sgml : 19941201 ACCESSION NUMBER: 0000898430-94-000892 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940731 FILED AS OF DATE: 19941118 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROHR INC CENTRAL INDEX KEY: 0000084801 STANDARD INDUSTRIAL CLASSIFICATION: 3728 IRS NUMBER: 951607455 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06101 FILM NUMBER: 94561192 BUSINESS ADDRESS: STREET 1: FOOT OF H STREET CITY: CHULA VISTA STATE: CA ZIP: 91910 BUSINESS PHONE: 6196914111 MAIL ADDRESS: STREET 1: PO BOX 878 CITY: CHULA VISTA STATE: CA ZIP: 91912 FORMER COMPANY: FORMER CONFORMED NAME: ROHR INDUSTRIES INC DATE OF NAME CHANGE: 19911219 FORMER COMPANY: FORMER CONFORMED NAME: ROHR CORP DATE OF NAME CHANGE: 19711220 FORMER COMPANY: FORMER CONFORMED NAME: ROHR AIRCRAFT CORP DATE OF NAME CHANGE: 19710317 11-K 1 FORM 11-K 1994 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 [Fee Required] For the fiscal year ended July 31, 1994 Commission File Number 1-6101 PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. --------------------------------------------------- (Full Title of the Plan) ROHR, INC. (Name of Issuer of the Securities Held Pursuant to the Plan) 850 LAGOON DRIVE, CHULA VISTA, CALIFORNIA 91910-4308 (Address of principal executive offices) (619) 691-4111 (Telephone No.) ================================================================================ THE PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC.
TABLE OF CONTENTS - - ------------------------------------------------------------------------------- PAGE INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS AS OF JULY 31, 1994 AND 1993 AND FOR THE YEARS THEN ENDED: Statements of Net Assets Available for Benefits 2 Statements of Changes in Net Assets Available for Benefits 3-4 Notes to Financial Statements 5-9 SCHEDULE AS OF JULY 31, 1994 PROVIDED IN COMPLIANCE WITH THE DEPARTMENT OF LABOR RULES AND REGULATIONS FOR REPORTING AND DISCLOSURES UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974: Item 27a - Schedule of Assets Held for Investment 10
All other schedules required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 are omitted because of the absence of conditions under which they are required. (LETTERHEAD OF DELOITTE & TOUCHE LLP APPEARS HERE) INDEPENDENT AUDITORS' REPORT To the Committee for the Administration of the Rohr, Inc. Savings Plans: We have audited the accompanying statements of net assets available for benefits of The Pretax Savings Plan for the Salaried Employees of Rohr, Inc. as of July 31, 1994 and 1993, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of The Pretax Savings Plan for the Salaried Employees of Rohr, Inc. as of July 31, 1994 and 1993, and the changes in net assets available for benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule listed in the accompanying table of contents is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This schedule is the responsibility of management. Such schedule has been subjected to the auditing procedures applied in our audit of the basic 1994 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole. /s/ Deloitte & Touche LLP October 19, 1994 1
THE PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF JULY 31, 1994 AND 1993 ____________________________________________________________________________ 1994 1993 INVESTMENTS IN MASTER TRUST FUNDS $149,420,904.00 $159,979,213.00 PARTICIPANT LOANS RECEIVABLE 9,420,924.00 12,201,522.00 INVESTMENT IN ROHR LEGEND STOCK 1,450,265.00 1,763,209.00 NET ASSETS AVAILABLE FOR BENEFITS $160,292,093.00 $173,943,944.00
See notes to financial statements. 2
THE PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED JULY 31, 1994 - - ----------------------------------------------------------------------------------------------------------------------------------- Capital Rohr Rohr Participant Equity Accumulation Stock Legend Loans Fund Fund Fund Stock Receivable Total NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR $78,820,290 $ 79,542,526 $1,616,397 $1,763,209 $12,201,522 $173,943,944 ADDITIONS: Contributions: Employees 5,796,525 5,371,655 11,168,180 Employer 1,499,422 1,499,422 ----------- ------------ ---------- ----------- 5,796,525 5,371,655 1,499,422 12,667,602 Plan interest in Master Trust investment income: Net appreciation (depreciation) in fair value of investments 1,239,032 (3,219,987) 896,221 (1,084,734) Dividends 2,939,865 2,939,865 Interest 156,307 4,771,113 2,491 4,929,911 ----------- ------------ ---------- ------------ 4,335,204 1,551,126 898,712 6,785,042 Net appreciation in fair value of investments 391,138 391,138 Interest income 480,880 480,880 ----------- ------------ ---------- ---------- ----------- ------------ 10,131,729 6,922,781 2,398,134 391,138 480,880 20,324,662 Withdrawals and benefit payments 13,472,027 15,540,421 4,737 704,082 3,485,558 33,206,825 Administrative expenses 476,811 278,446 14,431 769,688 ----------- ------------ ---------- ---------- ----------- ------------ 13,948,838 15,818,867 19,168 704,082 3,485,558 33,976,513 ----------- ------------ ---------- ---------- ----------- ------------ NET INCREASE (DECREASE) PRIOR TO INTERFUND TRANSFERS (3,817,109) (8,896,086) 2,378,966 (312,944) (3,004,678) (13,651,851) INTERFUND TRANSFERS 3,138,997 (3,363,077) 224,080 ----------- ------------ ---------- ---------- ----------- ------------ NET INCREASE (DECREASE) (678,112) (12,259,163) 2,378,966 (312,944) (2,780,598) (13,651,851) ----------- ------------ ---------- ---------- ----------- ------------ NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $78,142,178 $ 67,283,363 $3,995,363 $1,450,265 $ 9,420,924 $160,292,093 =========== ============ ========== ========== =========== ============
See notes to financial statements. 3
THE PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED JULY 31, 1993 __________________________________________________________________________________________________________________________________ Capital Rohr Rohr Participant Equity Accumulation Stock Legend Loans Fund Fund Fund Stock Receivable NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR $71,109,316 $79,981,884 $ 71,152 $1,318,637 $10,345,773 ADDITIONS: Contributions: Employees 7,332,688 7,812,125 Employer 14,767 65,751 1,794,202 1,295,528 ----------- ----------- ---------- ---------- 7,347,455 7,877,876 1,794,202 1,295,528 Plan interest in Master Trust investment income: Net appreciation (depreciation) in fair value of investments 5,429,872 746,657 (235,491) Dividends 2,944,802 Interest 173,708 5,416,393 1,620.00 ----------- ---------- ---------- 8,548,382 6,163,050 (233,871) Net depreciation in fair value of investments (492,075) Interest income 426,640 ----------- ---------- --------- --------- --------- 15,895,837 14,040,926 1,560,331 803,453 426,640 DEDUCTIONS: Withdrawals and benefit payments 8,400,374 12,132,229 4,391 358,881 Administrative expenses 399,837 303,598 10,695 ----------- ----------- ---------- --------- --------- 8,800,211 12,435,827 15,086 358,881 ----------- ----------- ---------- --------- --------- NET INCREASE PRIOR TO INTERFUND TRANSFERS 7,095,626 1,605,099 1,545,245 444,572 426,640 INTERFUND TRANSFERS 615,348 (2,044,457) 1,429,109 ----------- ----------- ---------- --------- ---------- NET INCREASE (DECREASE) 7,710,974 (439,358) 1,545,245 444,572 1,855,749 ----------- ----------- ---------- --------- ---------- NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $78,820,290 $79,542,526 $1,616,397 $1,763,209 $12,201,522 =========== =========== ========== ========== =========== Total NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR $ 162,826,762 ADDITIONS: Contributions: Employees 15,144,813 Employer 3,170,248 ------------ 18,315,061 Plan interest in Master Trust investment income: Net appreciation (depreciation) in fair value of investments 5,941,038 Dividends 2,944,802 Interest 5,591,721 ---------- 14,477,561 Net depreciation in fair value of investments (492,075) Interest income 426,640 ----------- 32,727,187 DEDUCTIONS: Withdrawals and benefit payments 20,895,875 Administrative expenses 714,130 ------------- 21,610,005 ------------- NET INCREASE PRIOR TO INTERFUND TRANSFERS 11,117,182 INTERFUND TRANSFERS ----------- NET INCREASE (DECREASE) 11,117,182 ------------ NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $173,943,944 ==============
See notes to financial statements. 4 THE PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. NOTES TO FINANCIAL STATEMENTS FOR THE YEARS ENDED JULY 31, 1994 AND 1993 - - ------------------------------------------------------------------------------- 1. DESCRIPTION OF THE PLAN The following description of The Pretax Savings Plan for the Salaried Employees of Rohr, Inc. (the "Plan") is provided for general information purposes only. Participants should refer to the Plan agreement for more complete information. General - The Plan is a profit sharing plan, first made effective January 1, 1966, and last amended December 7, 1992. It is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). Effective August 1, 1983, the Plan was amended and restated to incorporate the requirements for a cash or deferred arrangement under Section 401(k) of the Internal Revenue Code and redesignated as The Pretax Savings Plan for the Salaried Employees of Rohr, Inc. Purpose of the Plan - The purpose of the Plan is to provide eligible employees of Rohr, Inc. (the "Company") with the opportunity to accumulate personal savings on a pretax basis with the Company's assistance and to encourage participant's working productivity by permitting them to participate in the potential growth of the company through interests in Company stock which shall be held for their benefit in the Plan. Participation in the Plan - Employees of the Company are eligible to participate in the Plan if they: (1) are actively employed on the last business day of the Plan year in which they were employed and (2) are represented by a labor organization which has signed an agreement making this Plan applicable to such person or (3) are not represented by a labor organization or (4) are temporary employees who have worked 1,000 hours or more during the plan year. Contributions under the Plan - Employees, except for highly compensated individuals, may contribute up to 18% of their compensation into the Plan through payroll deductions. The Company contributes to each participating employee's account, except for executive participants wherein no matching is made, an amount equal to 25% of the participant's contribution, not to exceed 1-1/4% of the participant's annual compensation. The Company's matching contribution was reduced from 50% of the participant's contribution, not to exceed 2-1/2% of the participant's annual compensation, effective October 1, 1992. The maximum employee contributions (which are limited by Internal Revenue Service regulations) for calendar years 1994 and 1993 were $9,240 and $8,994, respectively. Investment Funds Included Within the Plan - Each participating employee has the option of electing to invest: (1) 100% in either the Capital Accumulation Fund or the Equity Fund or (2) 50% in each fund. The Capital Accumulation Fund is invested in fixed income debt obligations of unaffiliated issuers. The Equity Fund is invested in a diversified portfolio of equity and/or debt securities of unaffiliated issuers. No further employee contributions may be invested in Company securities, which are designated as the Rohr Stock Fund. The Company's contribution from March to October of 1992 was made in Rohr Legend Stock (excluding Hagerstown union employees) which is restricted for trading for a two year period. Beginning in October 1992 (February 1993 for Hagerstown union employees), Company contributions were made in cash which was used by the trustee to purchase Rohr common stock. 5 Vesting Provisions of the Plan - The participants cumulatively vest 20% in the Company's contributions for each 12 months of service, up to 100%. Withdrawals under the Plan - Under the Plan, a participating employee or his legal successors will be entitled to a cash distribution of the value of the investments held in his account upon retirement, death, entry into the armed forces, permanent and total disability, or layoffs. Participants separating from service for whatever reason, have the option of deferring distribution of savings until age 65. Rohr Stock Fund distributions are paid in shares, with residual amounts (fractional shares) paid in cash. The Plan does not reflect as liabilities amounts allocated to accounts of persons who have elected to withdraw from the Plan but have not yet been paid. Such withdrawals payable amounted to $3,907,638 and $5,579,380 at July 31, 1994 and 1993, respectively. A participant may withdraw, not more than once each Plan year, an amount equal to all or a portion of the value of the investments held in the participant's account attributable to the participant's contributions, and the value of the investments attributable to that portion of the Company's contributions that has become vested and is greater than two years old until the participant has been in the Plan 5 years. Withdrawals by participants must be made of all withdrawal amounts in each available category below (listed in descending order) before amounts in the next following category may be withdrawn: 1. Participant contributions prior to August 1, 1983; 2. Company contributions prior to August 1, 1983; 3. Company contributions after July 31, 1983; 4. Transfers from employee benefit plans of other companies. Prior to age 59-1/2 participants are allowed to make withdrawals from their contributions made after July 31, 1983 on a hardship basis only. Withdrawals are subject to the following conditions: 1. A partial withdrawal must be at least $100 and any additional amount must be in increments of $50. 2. An employee may not contribute more than 5% of his compensation to the Plan until 6 months after the last day of the month in which the notice of withdrawal is approved. 3. All Company contributions made prior to August 1, 1983 are fully vested and may be withdrawn. Any withdrawal attributable to contributions made by the Company after August 1, 1983 shall be restricted to the vested portion which has been held in such account for at least two years, unless the participant has been in the Plan for 60 months, in which case the participant may withdraw all contributions made by the Company after August 1, 1983. A participant may make a partial withdrawal of his contributions, if such a partial withdrawal is approved by the administering committee as required to relieve financial hardship caused by such matters as illness or disability to the employee or a dependent member of his immediate family, or a situation beyond the employee's control involving serious financial loss. 6 Forfeiture of Interest under the Plan - Upon a participant's or past participant's separation from service, the portion of investments attributable to contributions made by the Company which have not vested shall remain in such accounts. Such nonvested amounts shall be forfeited on the date which is 60 consecutive months after separation from service. If the participant is rehired before such forfeiture, the nonvested portion shall remain in the participant's account. All amounts forfeited under the Plan will remain in the Plan and will be applied against future contributions to the Plan by the Company. If the Plan is terminated, any forfeited amounts not yet applied against Company contributions will accrue ratably to the remaining participants in the Plan at the date of termination. Termination of the Plan - The Company expects the Plan to be permanent and continue indefinitely, but since future conditions affecting the Company cannot be anticipated or foreseen, Rohr, Inc. must necessarily and does hereby reserve the right in its sole discretion to amend, modify or terminate the Plan at any time. Upon termination of the Plan, the entire amount of each participant's account (including that portion of the account attributable to the Company's contributions which would not otherwise be vested) shall become fully vested and nonforfeitable. 2. SIGNIFICANT ACCOUNTING POLICIES The Plan's financial statements are prepared on the accrual basis of accounting. Plan investments are stated at fair value. Fair values were determined by valuing securities at either closing prices on national stock exchanges or at the average of bid and ask quotations for those securities traded in the over-the-counter market. 3. INVESTMENTS Rohr, Inc. has established Master Trust Funds to provide a medium for the commingling for investment purposes of assets held in trust by Mellon Bank, N.A. under various employee benefit plans qualified under the Internal Revenue Code and maintained by the Company. The fair value of the Plan's investments in net assets of the Master Trust Funds and the Plan's interest in each fund as of July 31, 1994 and 1993 were as follows:
Capital Rohr Equity Accumulation Stock July 31, 1994 Fund Fund Fund Total Plan's interest 24.72% 88.34% 88.32% 37.65% Common stock $ 69,792,309 $ 3,994,107 $ 73,786,416 Preferred stock 2,751,490 2,751,490 United States government securities $ 59,656,289 59,656,289 Corporate obligations 74 74 Cash and cash equivalents 6,219,681 6,474,107 101,920 12,795,708 Other assets, net of liabilities (621,376) 1,152,967 (100,664) 430,927 ------------ ------------ ----------- ------------ Plan's investment $ 78,142,178 $ 67,283,363 $ 3,995,363 $149,420,904 ============ ============ =========== ============
7
Capital Rohr Equity Accumulation Stock July 31, 1993 Fund Fund Fund Total Plan's interest 24.86% 88.09% 79.55% 39.08% Common stock $70,917,026 $1,330,155 $72,247,181 Preferred stock 3,040,022 3,040,022 United States government securities 572,819 $63,484,047 64,056,866 Corporate obligations 226,206 226,206 Cash and cash equivalents 3,397,876 16,594,401 286,120 20,278,397 Other assets, net of liabilities 666,341 (535,922) 122 130,541 ----------- ----------- ---------- ------------ Plan's investment $78,820,290 $79,542,526 $1,616,397 $159,979,213 =========== =========== ========== ============
The Plan's interest in the Rohr Stock Fund represents 347,314 and 154,221 shares of Rohr, Inc. stock as of July 31, 1994 and 1993, respectively. Beginning in fiscal 1992 the Company established the Rohr Legend Stock Fund for the purpose of investing the employer contribution in restricted stock of Rohr, Inc. which is restricted from trading for a two year period. 4. PARTICIPANT LOANS RECEIVABLE Participant loans receivable consists of general purpose and principal residence loans. General purpose loans have terms ranging from 1 to 4-1/2 years and provide fixed interest rates based upon federal short-term rates (5.49% and 3.88% at July 31, 1994 and 1993). Principal residence loans have terms ranging from 1 to 15 years and provide fixed interest rates based upon Federal long-term rates (7.22% and 6.41% at July 31, 1994 and 1993). Under either type of loan, employees may borrow up to 50% of the value of their vested account balance up to a maximum of $50,000. The minimum an employee may borrow is $500. In general, employee loans are payable in equal weekly or bi-weekly installments through payroll deductions. 5. TAX STATUS The Company has obtained a determination letter from the Internal Revenue Service indicating that the Plan meets the requirements of Section 401(a) and 401(k) of the Internal Revenue Code and is exempt from Federal income tax under Section 501(a) of the Code. 8 6. PARTICIPANT UNITS AND UNIT VALUES The ending monthly participant units and unit values for the years ending July 31, 1994 and 1993 were as follows:
Capital Equity Fund Accumulation Fund Rohr Fund -------------------------------- -------------------------- ------------------------- 1994 Units Unit Value Units Unit Value Units Unit Value August 2,251,141 $9.78 18,193,624 $4.37 3,055,702 $1.11 September 8,054,748 9.75 18,161,568 4.38 2,816,402 1.08 October 7,961,878 9.92 17,957,952 4.39 2,868,256 1.16 November 7,787,072 9.84 17,449,494 4.39 2,918,933 1.32 December 7,844,814 10.02 16,986,073 4.40 2,919,257 1.64 January 7,915,992 10.43 17,020,020 4.43 3,003,960 1.58 February 7,943,660 10.12 16,809,393 4.39 3,045,568 1.48 March 7,719,112 9.60 15,793,435 4.36 2,999,581 1.35 April 7,676,866 9.76 15,648,901 4.34 3,046,382 1.28 May 7,732,626 9.86 15,676,213 4.35 3,100,623 1.39 June 7,765,250 9.68 15,556,658 4.35 3,321,411 1.53 July 7,841,506 9.97 15,311,509 4.39 3,241,164 1.68 Capital Equity Fund Accumulation Fund Rohr Fund -------------------------------- ----------------------------- -------------------------- 1993 Units Unit Value Units Unit Value Units Unit Value August 8,446,965 $8.25 20,094,742 $4.07 1,201,539 $1.60 September 8,414,069 8.37 19,867,535 4.13 1,418,491 1.64 October 8,292,429 8.33 19,388,994 4.07 1,733,663 1.62 November 8,292,273 8.67 19,221,069 4.05 1,839,724 1.46 December 8,282,676 8.81 19,306,278 4.09 1,968,428 1.79 January 8,415,200 8.96 19,249,351 4.18 2,075,137 1.80 February 8,422,932 9.04 18,838,422 4.24 2,149,734 1.47 March 8,483,777 9.31 18,948,949 4.25 2,267,960 1.40 April 8,437,402 9.22 18,399,785 4.29 2,339,023 1.33 May 8,311,633 9.41 18,382,326 4.27 2,409,891 1.40 June 8,476,415 9.43 18,471,165 4.31 2,576,761 1.02 July 8,312,711 9.48 18,400,695 4.32 2,670,148 1.27
* * * * * * 9
THE PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT AS OF JULY 31, 1994 - - --------------------------------------------------------------------------------------------------------------------------------- No. of Shares or Ownership Plan's Investment Plan's Investment Interest At Cost at Fair Value Master Trust Funds: Equity Fund 24.72% $ 71,308,078 $ 78,142,178 Capital Accumulation Fund 88.34% 68,381,897 67,283,363 Rohr Stock Fund 88.32% 3,494,289 3,995,363 Participant loans receivable 9,420,924 9,420,924 Rohr legend stock 126,110 1,720,677 1,450,265 ------------ ------------ Total assets held for investment $154,325,865 $160,292,093 ============ ============
10 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the administrators of the Plan have duly caused this annual report to be signed by the undersigned thereunto duly authorized. PRETAX SAVINGS PLAN FOR THE SALARIED EMPLOYEES OF ROHR, INC. By: A.L. MAJORS _____________________________ A.L. Majors, Chairman Administrative Committee for the Pretax Savings Plan for the Salaried Employees of Rohr, Inc. Date: November 17, 1994. 11 -----END PRIVACY-ENHANCED MESSAGE-----