Hello, Guest!
  • Sunday, April 28, 2024

Parker Hannifin Lands $444M USAF Aircraft Component Support Contract

The Defense Logistics Agency has awarded Parker Hannifin Corp. a potential 10-year, $444.4 million contract to help maintain actuators for five military aircraft platforms currently in service with the U.S. Air Force.

Parker will support motion hardware used on the service branch’s A-10, E-3, F-15, F-16 and KC-135 fleets, the Department of Defense said Monday.

The sole-source, firm-fixed-price contract has a five-year base period that is scheduled to conclude June 30, 2027, followed by one five-year option.

Parker’s aerospace segment is located in Irvine, California, and makes technology for aircraft’s hydraulic, flight control, engine, fluid conveyance and fuel systems.

Video of the Day

Related Articles

Kaman Closes Buy of Parker Hannifin’s Aircraft Wheel, Brake Division M&A Activity

Kaman Closes Buy of Parker Hannifin’s Aircraft Wheel, Brake Division

Aerospace components maker Kaman (NYSE: KAMN) has wrapped up its purchase of Parker Hannifin‘s (NYSE: PH) business that offers aircraft braking products, systems and services. Parker said Monday the aircraft wheel and brake division sale transaction complies with the commitments the company offered to acquire British aerospace and defense technology supplier Meggitt. The now-Kaman subsidiary

Dorith Hakim Named CPI Aero CEO, President & Director Executive Moves

Dorith Hakim Named CPI Aero CEO, President & Director

Dorith Hakim, an aerospace industry veteran, has joined CPI Aerostructures as CEO, president and director. She succeeds Douglas McCrosson, who stepped down from his role to pursue other opportunities, CPI Aero said Wednesday. Terry Stinson, chairman of the board of CPI Aero, said Hakim brings to the company her aerospace industry experience, expertise in supply

Meggitt Shareholders OK Parker Hannifin’s Acquisition Offer; Tom Williams Quoted M&A Activity

Meggitt Shareholders OK Parker Hannifin’s Acquisition Offer; Tom Williams Quoted

Shareholders at U.K.-based aerospace company Meggitt voted to approve the acquisition offer from Parker Hannifin (NYSE: PH), a Cleveland-based provider of motion and control technologies for the aerospace and industrial markets. The transaction is expected to be completed in the third quarter of calendar year 2022, subject to regulatory clearances, Parker said Tuesday. Tom Williams,