Parker Aerospace Selected Strategic Supplier for Lockheed Martin
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Parker Aerospace Selected Strategic Supplier for Lockheed Martin

IRVINE, Calif.--Feb. 15, 2005
Parker Aerospace was recently selected as a strategic supplier to Lockheed Martin Aeronautics Co.'s F/A-22 Raptor, F-35 Joint Strike Fighter, F-16 Fighting Falcon, and C-130J Hercules programs. Customers include the U.S. Air Force, Navy, Marine Corps, and allied fighter forces worldwide.


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With a long-term strategic supplier agreement, Parker will provide flight control, hydraulic, fluid management, and control system components through various Parker divisions located in California, Michigan, New York, Ohio, and Texas.

With headquarters in Bethesda, Md., Lockheed Martin awards strategic supplier status only to companies that consistently meet critical cost, schedule, quality, performance, and technological diversification targets. Strategic supplier relations are viewed by the company as a key element in successful program execution.

"Parker Aerospace has a long-standing business relationship with Lockheed Martin," said Marketing Director and Lockheed Account Executive Jim Jewell, "and was selected as a strategic supplier. We're extremely pleased to have the opportunity to continue providing Lockheed Martin Aeronautics Company the highest quality products and services."

Parker Aerospace and Parker Hannifin Corp.

Parker Aerospace is an operating segment of Parker Hannifin Corp. (NYSE:PH). 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 46 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.


Source : Parker Aerospace

Published on ASDNews: Feb 16, 2005

 

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