CLEVELAND,
Sept. 4 /PRNewswire-FirstCall/ --
Parker Hannifin, the global
leader in motion and control technologies, today announced that its Parker
Aerospace segment has been chosen by Bombardier Aerospace to design and
produce the fully integrated hydraulic and fuel systems for its new CSeries
family of aircraft. The company estimates that the contracts will generate
approximately
$1.2 billion in revenues over the life of the program.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
"We are proud to support Bombardier Aerospace and this exciting new
program," said Bob Barker, president of Parker Aerospace and executive vice
president and operating officer of Parker Hannifin. "We have been providing
Bombardier with system solutions for over a decade, supporting the Global
Express, Q400, and CRJ platforms. We look forward to working with this
important customer on the new CSeries aircraft. What's more, these
significant contract wins will contribute to Parker's continued growth."
Fuel system
Parker Aerospace's fluid management and control systems organization in
Irvine, California, will design the fuel system for the CSeries aircraft.
Product design and manufacture will be completed by Parker's Air & Fuel
Division, Electronic Systems, and Nichols Airborne Divisions.
The fluid mechanical equipment includes the control valves for fuel and
emergency shutoff, isolation, and venting of air in and out of the aircraft
fuel tanks. This equipment will provide multiple functions for the aircraft's
fuel system, including refueling and defueling, transfer, engine feed, and
fuel tank venting. During aircraft operation, the pumps transfer fuel from
tank to tank and supply the fuel to the engines.
The fuel measurement system gauges the fuel quantity in the tanks located
in the aircraft's wings and fuselage, as well as the fuel management system,
which monitors the distribution of fuel while commanding pumps and valves in
the fuel system to provide refuel and fuel transfer.
"Parker is very excited to be a part of the new CSeries airliner and looks
forward to providing Bombardier Aerospace with the fuel systems for this
family of next-generation aircraft," said Greg Crowe, Air & Fuel Division Vice
President and General Manager. "This is a significant award for Parker and is
aligned with our strategy to provide complete systems for our customers."
Hydraulic system
The hydraulic system will be designed and manufactured by Parker's
Hydraulic Systems Division in Kalamazoo, Michigan. The hydraulic system
provides the functions necessary to power and control the aircraft's flight
control system, landing gear and steering system, thrust-reverser and
variable-area nozzle system. This is the Parker Hydraulic Systems Division's
fifth major hydraulic system platform to be jointly developed with Bombardier
Aerospace.
Major system hardware elements include engine-driven pumps, VFAC-motor-
driven pumps, a power transfer unit, reservoirs, accumulators, and filtration.
Additionally, Parker will provide ancillary equipment, including heat
exchangers, various sensors, valves, and quick-disconnect couplings.
Parker Aerospace Hydraulic Systems Division Vice President and General
Manager Greg Bierlein commented, "We are honored to have been selected to
provide our fifth complete hydraulic system for Bombardier and are excited to
be a part of the CSeries and this growing mid-range aircraft market."
As the systems provider, Parker is responsible for architecture
development, system sizing and analysis, equipment development and
qualification, and integration testing that supports overall aircraft
certification.
Fly-by-wire flight control system
As previously announced under separate contracts, Parker has been selected
as the exclusive supplier of fly-by-wire flight control systems for a period
of ten years for all new Bombardier widebody aircraft programs requiring this
technology. Parker Aerospace will develop a complete, state-of-the-art,
generic fly-by-wire system from stick to surface, that will then be customized
and manufactured for separate aircraft programs, starting with the CSeries
aircraft. Parker estimates that this has the potential to generate revenues of
US $3.5 billion over the life of the programs.
CSeries family of aircraft
The five-seat-abreast CSeries aircraft program - launched on July 13, 2008
- is specifically designed to meet the growing needs of the 100- to 149-seat
commercial aircraft market category, estimated by Bombardier Aerospace at
6,300 aircraft, representing more than $250 billion in revenue over the next
20 years. Bombardier expects to be able to capture up to half of this market.
About Parker Hannifin Corporation
Parker Aerospace is an operating segment of Parker Hannifin Corporation.
Parker Aerospace designs, manufactures, and services hydraulic, fuel,
inerting, and pneumatic components, systems, and related electronic controls
for aerospace and other high-technology markets. Based in Irvine, California,
its product lines include flight control actuation systems and components,
thrust-reverser actuation systems, electrohydraulic servovalves, utility
hydraulic systems and components, DC motor pumps, fuel pumps, motor operated
valves and fuel equipment, lubrication oil reservoirs, lubrication and
scavenge pumps, fuel measurement and management systems, cockpit
instrumentation, flight inspection systems, lightning-safe products, pneumatic
subsystems and components, fluid metering delivery and atomization devices,
wheels, brakes, and fluid conveyance products such as hoses, tubes,
disconnects, and fittings.
With annual sales exceeding $12 billion, Parker Hannifin is the world's
leading diversified manufacturer of mobile, industrial, and aerospace markets.
The company employs 62,000 people in 48 countries around the world. Parker has
increased its annual dividends paid to shareholders for 52 consecutive years,
among the top five longest-running dividend-increase records in the S&P 500
index. For more information, visit the company's web site at www.parker.com ,
or its investor information site at www.phstock.com .
Note: Bombardier and CSeries are either registered or unregistered
trademarks of Bombardier Inc. or its subsidiaries.
Forward-Looking Statements:
Forward-looking statements contained in this and other written and oral
reports are made based on known events and circumstances at the time of
release, and as such, are subject in the future to unforeseen uncertainties
and risks. All statements regarding future performance, earnings projections,
events or developments are forward-looking statements. It is possible that the
future performance and earnings projections of the company and individual
segments may differ materially from current expectations, depending on
economic conditions within both its industrial and aerospace markets, and the
company's ability to maintain and achieve anticipated benefits associated with
announced realignment activities, strategic initiatives to improve operating
margins, and growth, innovation and global diversification initiatives. A
change in economic conditions in individual markets may have a particularly
volatile effect on segment results. Among the other factors which may affect
future performance are: changes in business relationships with and purchases
by or from major customers or suppliers, including delays or cancellations in
shipments or significant changes in financial condition; uncertainties
surrounding timing, successful completion or integration of acquisitions;
threats associated with and efforts to combat terrorism; uncertainties
surrounding the ultimate resolution of outstanding litigation; competitive
market conditions and resulting effects on sales and pricing; increases in raw
material costs that cannot be recovered in product pricing; the company's
ability to manage costs related to employee retirement and health care
benefits and insurance; and global economic factors, including manufacturing
activity, air travel trends, currency exchange rates, difficulties entering
new markets and general economic conditions such as inflation, interest rates
and credit availability. The company makes these statements as of the date of
this disclosure, and undertakes no obligation to update them.
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