Parker Hannifin Corp. (PH) announced on Thursday that Bombardier Aerospace has selected its Parker Aerospace segment to design and produce the fully integrated hydraulic and fuel systems for its new CSeries family of aircraft. The company estimates the contracts to generate revenues of about $1.2 billion over the life of the program.
The fuel system for the CSeries aircraft will be designed by the Parker Aerospace's fluid management and control systems organization in Irvine, California. 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.
Parker's Hydraulic Systems Division will design and manufacture the hydraulic system 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.
In addition, Parker will provide ancillary equipment, including heat exchangers, various sensors, valves, and quick-disconnect couplings. 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.
Under separate contracts, Bombardier has selected Parker 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 further noted that its Aerospace segment 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.
PH closed Thursday's regular trading session at $59.85, down $3.16 or 5.02%.
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