MEDIA RELEASE PR39131
Parker Aerospace, COMAC, and AVIC Systems Hold Contract Signing Ceremony for Flight Control
Actuation System on New C919 Aircraft
XI'AN, China, Apr. 15 /PRNewswire-AsiaNet/ --
Parker Aerospace, a business segment of Parker Hannifin Corporation
(NYSE: PH), the global leader in motion and control technologies, and
Commercial Aircraft Corporation of China, Ltd. (COMAC) held a
contract-signing ceremony today naming Parker the primary fly-by-wire flight
control actuation system provider for the new COMAC C919 large aircraft. The
ceremony was attended by Parker Aerospace, COMAC executives, and local city
officials.
Primary flight control actuation system. Parker Aerospace's Control
Systems Division will develop the C919's primary flight control actuation
system. The fly-by-wire system will include horizontal stabilizer trim
actuation and motor control; aileron, rudder, spoiler, and elevator
actuators; and remote electronic units.
Hydraulic, fuel, and inerting systems. Parker Aerospace will also be
responsible to provide the hydraulic, fuel, and inerting systems for the
C919.
The hydraulic system features a control and monitoring software package
for the C919 integrated modular avionics controller and provides the
functions necessary to power and control the aircraft's flight control
system, landing gear and steering systems, and thrust-reversers.
The fuel system equipment will handle multiple functions for the
aircraft's fuel system and includes engine feed, auxiliary power unit feed,
refuel and defuel, venting, scavenge, fuel quantity gauging, and integrated
modular avionics fuel gauging and management software. The inerting system
includes the conditioned air supply and electronic control, as well as
nitrogen-enriched air generation and distribution, reducing the flammability
of fuel vapors in the aircraft's fuel tanks and increasing aircraft safety.
"Parker is very pleased to have been awarded these four key systems
packages on the C919," said Parker Aerospace President Bob Barker. "The
systems wins on this aircraft provide a solid platform to grow our business
and provide the best, most competitive products in the fastest growing
aerospace market in the world."
Contracts revenue for the four systems will exceed US$4 billion over the
life of the program for Parker.
About Parker Aerospace. Parker Aerospace is an operating segment of
Parker Hannifin Corporation. Parker Aerospace designs, manufactures, and
services hydraulic, fuel, flight control, fluid conveyance, and engine
components and systems for aerospace and other high-technology markets. Based
in Irvine, California, its product lines include primary and secondary flight
control actuation, power generation and control components, thrust-reverser
actuation systems, electrohydraulic servovalves, electric motor-driven
hydraulic 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.
About Parker Hannifin. With annual sales exceeding $10 billion in fiscal
year 2009, Parker Hannifin is the world's leading diversified manufacturer of
motion and control technologies and systems, providing precision-engineered
solutions for a wide variety of mobile, industrial and aerospace markets. The
company employs approximately 52,000 people in 48 countries around the world.
Parker has increased its annual dividends paid to shareholders for 53
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
Parker Hannifin China was established in the 1980s. It was one of the first three joint ventures after China
opened to the outside world and attracted foreign direct investment. Parker Hannifin owns over 2,000 product
lines in China with a wide range of products covering more than 50 markets. It is committed to providing
products technologies in aerospace, climate control, electromechanical, filtration, fluid and gas handling,
hydraulics, pneumatics, process control, and seal & shielding. Products and solutions are widely used in diesel
engines, wind turbines, the shipbuilding industry, oceanic exploration, the steel industry, heavy mobile
equipment, high-speed railways and factory automation. Parker Hannifin has 11 plants based in Shanghai,
Wuxi, Qingdao, Tianjin, Shenyang, Dongguan and Shenzhen. Sales sites and regional offices are mainly
located in Shanghai, Chengdu and Beijing. Parker Hannifin has more than 3,000 employees in China.
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 its mobile, 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, actions taken to combat the effects of the current
recession, 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, suppliers or distributors, including delays or
cancellations in shipments, disputes regarding contract terms 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 legal proceedings, including the outcome of any
appeals; 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, deflation, interest rates and credit availability. The company
makes these statements as of the date of this disclosure, and undertakes no
obligation to update them.
SOURCE: Parker Hannifin Corporation
CONTACT: Media: Alison Dittmeier,
Media Relations & Communications Manager
Parker Aerospace
+1-949-851-3515
adittmeier@parker.com;
Financial Analysts: Pamela Huggins
Vice President - Treasurer
+1-216-896-2240,
phuggins@parker.com
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