-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UV/M/r6J9Jtp6ZW+TZH7nkq5OEg2ud0Dl1YzGlUhRlrLfw8psZA/2QC8aw0KX9Dn aA1+ciUMi1RgZTDqGUN5XQ== 0000898430-96-000158.txt : 19960119 0000898430-96-000158.hdr.sgml : 19960119 ACCESSION NUMBER: 0000898430-96-000158 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950731 FILED AS OF DATE: 19960118 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROHR INC CENTRAL INDEX KEY: 0000084801 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [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: 96505225 BUSINESS ADDRESS: STREET 1: 850 LAGOON DRIVE 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 1995 ================================================================================ 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, 1995 COMMISSION FILE NUMBER 1-6101 ROHR INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS ------------------------------------------- (Full Title of the Plan) ROHR, INC. (Name of Issuer of the Securities Held Pursuant to the Plan) 850 LAGOON DRIVE, CHULA VISTA, CALIFORNIA 91910-2098 (Address of principal executive offices) (619) 691-4111 (Telephone No.) ================================================================================ ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS TABLE OF CONTENTS - --------------------------------------------------------------------------------
PAGE INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS AS OF JULY 31, 1995 AND 1994 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 5-8 SCHEDULE AS OF JULY 31, 1995 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 9 Item 27d - Schedule of Series Reportable Transactions 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. i INDEPENDENT AUDITORS' REPORT Committee for the Administration of the Rohr, Inc. Savings Plans: We have audited the accompanying statements of net assets available for benefits of the Rohr, Inc. Savings Plan for Employees Covered by Collective Bargaining Agreements as of July 31, 1995 and 1994, 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 Rohr, Inc. Savings Plan for Employees Covered by Collective Bargaining Agreements as of July 31, 1995 and 1994, 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 schedules listed in the accompanying table of contents are presented for the purpose of additional analysis and are not a required part of the basic financial statements, but are 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. These schedules are the responsibility of management. Such schedules have been subjected to the auditing procedures applied in our audit of the basic 1995 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 November 3, 1995 -1- ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF JULY 31, 1995 AND 1994 - --------------------------------------------------------------------------------
ASSETS 1995 1994 INVESTMENTS, AT FAIR VALUE (Note 1): Fidelity Growth and Income Portfolio $11,401,175 Fidelity Short Term Bond Portfolio 7,116,644 Fidelity Retirement Money Market Portfolio 357,705 Rohr Stock Fund 566,456 Investment in Master Trust Funds $19,384,092 ----------- ----------- NET ASSETS AVAILABLE FOR BENEFITS $19,441,980 $19,384,092 =========== ===========
See notes to financial statements. -2- ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED JULY 31, 1995 - --------------------------------------------------------------------------------
GROWTH CAPITAL ROHR AND EQUITY ACCUMULATION STOCK INCOME FUND FUND FUND PORTFOLIO ADDITIONS: Contributions: Employees $ 167,189 $ 167,906 $ 69,287 $ 340,222 Employer 37,596 38,482 15,200 74,365 ----------- ----------- -------- ----------- 204,785 206,388 84,487 414,587 Net realized and unrealized appreciation (depreciation) in fair value of investments (238,935) (219,972) 121,752 1,834,670 Dividends 114,561 317,577 Interest 12,762 196,893 184 1,410 ----------- ----------- -------- ----------- (111,612) (23,079) 121,936 2,153,657 ----------- ----------- -------- ----------- 93,173 183,309 206,423 2,568,244 ----------- ----------- -------- ----------- DEDUCTIONS: Withdrawals and benefit payments 620,016 818,510 124,785 984,621 Administrative expenses 36,464 15,123 2,486 15,630 ----------- ----------- -------- ----------- 656,480 833,633 127,271 1,000,251 ----------- ----------- -------- ----------- NET INCREASE (DECREASE) PRIOR TO INTERFUND TRANSFERS (563,307) (650,324) 79,152 1,567,993 INTERFUND TRANSFERS 148,010 (141,373) (41,245) 277,801 ----------- ----------- -------- ----------- NET INCREASE (DECREASE) (415,297) (791,697) 37,907 1,845,794 NET ASSETS AVAILABLE FOR BENEFITS BEGINNING OF YEAR 9,970,678 8,884,865 528,549 NET INCREASE (DECREASE) DUE TO TRANSFER TO FIDELITY (Note 1) (9,555,381) (8,093,168) 9,555,381 ----------- ----------- -------- ----------- NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $ 0 $ 0 $566,456 $11,401,175 =========== =========== ======== =========== SHORT RETIREMENT TERM MONEY BOND MARKET PORTFOLIO PORTFOLIO TOTAL ADDITIONS: Contributions: Employees $ 310,798 $ 10,617 $ 1,066,019 Employer 84,307 2,013 251,913 ---------- -------- ----------- 395,105 12,630 1,317,982 Net realized and unrealized appreciation (depreciation) in fair value of investments (31,362) 1,466,153 Dividends 307,194 8,229 747,561 Interest (4,432) 206,817 ---------- -------- ----------- 271,400 8,229 2,420,531 ---------- -------- ----------- 666,505 20,859 3,738,513 ---------- -------- ----------- DEDUCTIONS: Withdrawals and benefit payments 1,047,816 8,050 3,603,798 Administrative expenses 6,901 223 76,827 ---------- -------- ----------- 1,054,717 8,273 3,680,625 ---------- -------- ----------- NET INCREASE (DECREASE) PRIOR TO INTERFUND TRANSFERS (388,212) 12,586 57,888 INTERFUND TRANSFERS (588,312) 345,119 ---------- -------- ----------- NET INCREASE (DECREASE) (976,524) 357,705 57,888 NET ASSETS AVAILABLE FOR BENEFITS BEGINNING OF YEAR 19,384,092 NET INCREASE (DECREASE) DUE TO TRANSFER TO FIDELITY (Note 1) 8,093,168 ---------- -------- ----------- NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $7,116,644 $357,705 $19,441,980 ========== ======== ===========
See notes to financial statements. -3- ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED JULY 31, 1994 - --------------------------------------------------------------------------------
CAPITAL ROHR EQUITY ACCUMULATION STOCK FUND FUND FUND TOTAL ADDITIONS: Contributions: Employees $ 583,630 $ 626,191 $ 86,574 $ 1,296,395 Employer 122,220 134,332 18,699 275,251 ----------- ----------- -------- ----------- 705,850 760,523 105,273 1,571,646 Plan interest in Master Trust investment income: Net appreciation (depreciation) in fair value of investments 174,414 (423,657) 138,691 (110,552) Dividends 393,062 393,062 Interest 20,729 626,680 481 647,890 ----------- ----------- -------- ----------- 588,205 203,023 139,172 930,400 ----------- ----------- -------- ----------- 1,294,055 963,546 244,445 2,502,046 ----------- ----------- -------- ----------- DEDUCTIONS: Withdrawals and benefit payments 2,241,600 2,676,182 113,700 5,031,482 Administrative expenses 68,226 36,142 4,342 108,710 ----------- ----------- -------- ----------- 2,309,826 2,712,324 118,042 5,140,192 ----------- ----------- -------- ----------- NET INCREASE (DECREASE) PRIOR TO INTERFUND TRANSFERS (1,015,771) (1,748,778) 126,403 (2,638,146) INTERFUND TRANSFERS 137,664 (124,245) (13,419) ----------- ----------- -------- ----------- NET INCREASE (DECREASE) (878,107) (1,873,023) 112,984 (2,638,146) ----------- ----------- -------- ----------- NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR 10,848,785 10,757,888 415,565 22,022,238 ----------- ----------- -------- ----------- NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR $ 9,970,678 $ 8,884,865 $528,549 $19,384,092 =========== =========== ======== ===========
See notes to financial statements. -4- ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS NOTES TO FINANCIAL STATEMENTS FOR THE YEARS ENDED JULY 31, 1995 AND 1994 - -------------------------------------------------------------------------------- 1. DESCRIPTION OF THE PLAN The following description of the Rohr, Inc. Savings Plan for Employees Covered by Collective Bargaining Agreements (the "Plan") is provided for general information purposes only. Participants should refer to the Plan document for more complete information. General - The Plan is a defined contribution savings plan, first made effective January 1, 1966, and restated December 1, 1994. It is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). Purpose of the Plan - The purpose of the Rohr, Inc. Savings Plan For Employees Covered By Collective Bargaining Agreements (Restated, 1994) (as amended to the date hereof, the "Plan") is to provide a regular savings and investment program for eligible employees of Rohr, Inc. and its subsidiaries. Change in Trustees - Effective December 1, 1994, the assets held by the Plan were transferred from Mellon Trust to the Fidelity Management Trust Company. All investments formerly held by Mellon Trust were effectively sold at their market values on this date and the proceeds transferred to Fidelity Management Trust Company ("Fidelity") and invested into Fidelity managed mutual funds. Participation in the Plan - Employees of Rohr, Inc. (the "Company") are eligible to participate in the Plan if they: (1) are covered by a collective bargaining agreement specifying that they are to be covered by the Plan and (2) have completed 12 calendar months of employment. Contributions Under the Plan - Upon enrollment in the Plan, each Participant must elect to contribute certain dollar amounts, solely by payroll deductions made at each payroll date. The amount which may be specified and deducted from an Employee's payroll for each two week period ranging from $10 to $140. The Company will contribute an amount equal to twenty five percent (25%) of the first seventy dollars of the contribution made by each Member for any two-week period referred to above ("Company Contributions") provided that the maximum Company contribution for any Member for any such two-week period shall be seventeen dollars and fifty cents ($17.50). Notwithstanding the foregoing, the Company's aggregate contributions at any time will not exceed its then accumulated earnings and profits. Participants' Accounts - Fidelity, the Plan's asset manager, maintains an account for each participant. The participants' accounts are credited for their contributions and the Company's contributions. The accounts are further adjusted for Plan fees and investment income or losses. Prior to December 1, 1994, such accounts were maintained by Rohr. -5- Investment Funds Included Within the Plan - Prior to December 1, 1994, each participant had the option of electing to invest in the Capital Accumulation Fund, Equity Fund or Rohr Stock Fund in any combination of 25% increments. The Capital Accumulation Fund was invested in fixed income debt obligations of unaffiliated issuers. The Equity Fund was invested in a diversified portfolio of equity and/or debt securities of unaffiliated issuers. The Rohr Stock Fund was invested in common stock of the Company. As of December 1, 1994, Fidelity became the Plan's new investment provider, trustee and recordkeeper. Each participant has the option of electing to invest in the Fidelity Retirement Money Market Portfolio, Fidelity Short- Term Bond Portfolio, Fidelity Growth & Income Portfolio or Rohr Stock Fund in any combination of 25% increments. The Fidelity Retirement Money Market Portfolio - A portfolio invested in short-term money market securities with maturities less than 90 days: The Fidelity Short-Term Bond Portfolio - A portfolio invested primarily in investment grade debt securities of unaffiliated issues. The Fidelity Growth and Income Portfolio - A portfolio invested in a combination of U.S. and foreign stocks and debt securities of unaffiliated issues. The Rohr Stock Fund - A fund invested in the common stock of the Company. 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, layoff, or termination for other reasons. Upon termination of employment for any reason, participants have the option of deferring distribution of savings until the later of retirement or attainment of age 70-1/2. Active employees must make a total withdrawal by April 1 following the calendar year they attain the age 70-1/2. A participant may voluntarily withdraw from the Plan but may not thereafter become a participant in the Plan again until 12 months have elapsed. The amount distributable upon withdrawal includes the full value of the investments held in the withdrawing participant's account attributable to his own contributions and the value of the investments attributable to that portion of the Company's contributions that has become vested. A Participant may also make a partial withdrawal of the amounts in his or her Account under the Plan if such a partial withdrawal is approved by the Plan Administrator as being required to relieve financial hardship caused by such matters as illness or disability of the Participant or a dependent member of his or her immediate family or a situation beyond the Participant's control involving serious financial loss. Only one partial withdrawal may be made during any six month period, and for six months after such partial withdrawal no further contributions may be made by the Participant or the Company for his or her account. Any partial withdrawal must be for at least $100, and any larger amount must be in added increments of $50. Withdrawals can only be made from fully vested Company contributions or from Participant contributions that have been in the Plan at least seventeen quarters. -6- 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 $0 and $681,151 at July 31, 1995 and 1994, respectively. Forfeiture of Interest Under the Plan - The value of investments in each Participant's account attributable to the Participant's own contributions is not subject to forfeiture. Any Participant who voluntarily withdraws or whose employment is terminated for reasons other than retirement, layoff for four weeks or more, death, entry into the armed forces or permanent and total disability will forfeit that portion of the value of his account attributable to the Company's contributions in which no interest has vested. 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 has the right to terminate the Plan at any time, except as provided in any applicable provision in a collective bargaining agreement whose term has not expired. 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. had 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 investment in net assets of the Master Trust Funds as of July 31, 1994 was as follows:
CAPITAL ROHR EQUITY ACCUMULATION STOCK JULY 31, 1994 FUND FUND FUND TOTAL Plan's interest 3.15% 11.66% 11.68% 4.88% Common stock $8,905,263 $528,383 $ 9,433,646 Preferred stock 351,081 351,081 United States government securities $7,877,699 7,877,699 Cash and cash equivalents 793,610 854,915 13,483 1,662,008 Other assets, net of liabilities (79,276) 152,251 (13,317) 59,658 ---------- ---------- -------- ----------- Plan's investment $9,970,678 $8,884,865 $528,549 $19,384,092 ========== ========== ======== ===========
-7- On December 1, 1994, all assets of the Plan were transfered to Fidelity and invested into Fidelity managed mutual funds (see Note 1). The Plan's interest in the Rohr Stock Fund represents 38,051 and 45,946 shares of Rohr, Inc. common stock as of July 31, 1995 and 1994, respectively. 4. 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) of the Internal Revenue Code and is exempt from Federal income tax under Section 501(a) of the Code. Participants are not subject to tax on Company contributions or on income or gains in Plan funds until a distribution from the Plan, as determined under Internal Revenue Service Rules, is made to them. 5. PARTICIPANT UNITS AND UNIT VALUES The ending monthly participant units and unit values for the year ending July 31, 1995 and 1994 were as follows:
CAPITAL EQUITY FUND ACCUMULATION FUND ROHR STOCK FUND ---------------------- ---------------------- -------------------- 1994 UNITS UNIT VALUE UNITS UNIT VALUE UNITS UNIT VALUE August, 1993 1,106,612 $ 9.80 2,480,262 $4.34 388,705 $1.07 September 1,088,375 9.77 2,384,360 4.35 340,277 1.02 October 1,088,001 9.94 2,359,578 4.36 342,493 1.10 November 1,109,749 9.52 2,292,175 4.35 331,419 1.29 December 1,064,921 10.04 2,217,511 4.37 321,762 1.57 January, 1994 1,066,828 10.44 2,237,205 4.40 326,903 1.51 February 1,062,729 10.13 2,208,743 4.36 324,202 1.41 March 1,003,032 9.61 2,130,733 4.33 313,304 1.30 April 998,823 9.77 2,094,371 4.31 313,637 1.23 May 1,004,227 9.87 2,106,452 4.31 319,237 1.33 June 1,006,188 9.69 2,037,545 4.32 323,427 1.47 July 999,577 9.97 2,033,383 4.37 328,455 1.61 1995 August, 1994 976,755 $10.37 1,962,275 $4.37 322,614 $1.44 September 975,583 10.15 1,947,542 4.35 323,947 1.29 October 978,485 10.21 1,907,497 4.36 318,751 1.27 November 972,237 9.81 1,865,089 4.33 313,625 1.27
Plan investments were not unitized effective December 1, 1994. As such, ending monthly participant units and unit values for periods subsequent to November 1994 are not presented. * * * * * * -8- ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT AS OF JULY 31, 1995 - --------------------------------------------------------------------------------
PLAN'S PLAN'S INVESTMENT INVESTMENT FUND AT COST AT FAIR VALUE Rohr Stock $ 401,998 $ 566,456 Fidelity Growth and Income 9,646,030 11,401,175 Fidelity Short-Term Bond Portfolio 7,125,160 7,116,644 Fidelity Retirement Money Market Portfolio 357,705 357,705 ----------- ----------- Total assets held for investment $17,530,893 $19,441,980 =========== ===========
-9- ROHR, INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS ITEM 27d - SCHEDULE OF SERIES REPORTABLE TRANSACTIONS AS OF JULY 31, 1995 - --------------------------------------------------------------------------------
CURRENT VALUE OF ASSET ON IDENTITY OF PARTY DESCRIPTION PURCHASE SELLING COST OF TRANSACTION NET GAIN INVOLVED OF ASSETS PRICE PRICE ASSETS DATE (LOSS) Rohr Stock Mutual Fund $ 680,005 Rohr Stock Mutual Fund $ 120,403 $ 133,613 $ 120,403 $(13,210) Growth and Income Mutual Fund 10,666,200 Growth and Income Mutual Fund 1,103,934 1,025,511 1,103,934 78,423 Short Term Bond Mutual Fund 8,815,417 Short Term Bond Mutual Fund 1,662,980 1,685,825 1,662,980 (22,845) Retirement Money Market Mutual Fund 387,194 Retirement Money Market Mutual Fund 29,489 29,489 29,489 0
-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. ROHR INC. SAVINGS PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS (Restated, 1994) By: /s/ A.L. MAJORS ----------------------------- A.L. Majors, Chairman Administrative Committee for the Rohr Inc. Savings Plan for Employees Covered by Collective Bargaining Agreements (Restated, 1994) Date: January 18, 1996 11 EX-23 2 CONSENT OF D&T EXHIBIT 23 INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in Registration Statement No. 33-14382 of Rohr, Inc. on Form S-8 of our report dated November 3, 1995, appearing in this Annual Report on Form 11-K of Rohr, Inc. Savings Plan for Employees Covered By Collective Bargaining Agreements for the year ended July 31, 1995. San Diego, California January 18, 1995 -----END PRIVACY-ENHANCED MESSAGE-----