CLEVELAND & IRVINE, Calif.--(BUSINESS WIRE)--Jan. 31, 2005--Parker Hannifin Corp. (NYSE:PH) has been awarded the fuel system for the Rolls-Royce Trent 1000 engine, planned for the Boeing 7E7 Dreamliner passenger jet. The value of business for Parker exceeds $190 million. Parker has also been named to provide the hydraulic subsystem and other equipment for the aircraft.
Parker's Gas Turbine Fuel Systems Division, with headquarters in Mentor, Ohio, will manage the complete system, including the design and manufacture of fuel atomization nozzles.
"We are delighted to have been selected by Rolls-Royce to provide the critical fuel system for this important new engine," said Frank Nichols, group vice president of fluid management & control systems. "The Trent 1000 will be a key factor in the significantly increased fuel efficiency offered by the 7E7."
The Trent 1000 is the fifth generation of the Rolls-Royce Trent family and will feature the same three-shaft architecture as its Trent predecessors, with 35 million hours of service experience. This low-risk engine design, coupled with an enhanced-development test program, will help the Trent 1000 deliver consistent reliability and durability.
Boeing plans to replace its 757 and 767 aircraft with the 7E7 and anticipates a need for 3,500 aircraft in the 7E7 market segment over the next 20 years.
Parker Aerospace and Parker Hannifin Corp.
Parker Aerospace is an operating segment of Parker Hannifin Corp. Parker Aerospace designs, manufactures, and services hydraulic, fuel, and pneumatic components, systems, and related electronic controls for aerospace and other high-technology markets. Based in Irvine, 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, lubrication and scavenge pumps, fuel measurement and management systems, cockpit instrumentation, flight inspection systems, pneumatic subsystems and components, fluid metering delivery and atomization devices, and wheels and brakes.
With annual sales exceeding $7 billion, 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 commercial, mobile, industrial and aerospace markets. The company employs more than 48,000 people in 44 countries around the world. Parker has increased its annual dividends paid to shareholders for 48 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.
Parker Aerospace, Irvine
Cheryl Flohr, 949-851-3636