Parker Aerospace to Develop Generic Fly-By-Wire System for All New ...

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Parker Aerospace to Develop Generic Fly-By-Wire System for All NewBombardier Widebody Aircraft Programs
CLEVELAND, July 18 /PRNewswire-FirstCall/ -- Bombardier Aerospace and Parker Aerospace announced today thatParker has been selected as the exclusive supplier for a period often years of fly-by-wire flight control systems for all newBombardier widebody aircraft programs requiring this technology.
Parker Aerospace will develop a complete, state of the art genericfly-by-wire system from stick to surface, that will then becustomized and manufactured for each aircraft program, startingwith the CSeries.
Parker estimates that this has the potential to generate revenuesof US $3.5 billion over the life of the programs.
"This approach to the design, development and manufacture of asystem that can be applied to a number of aircraft programs willprovide us with increased reliability, reduced development cycle,and an overall improved value proposition," said Francois Caza , Vice President and Chief Engineer, Bombardier Aerospace. "Throughthis arrangement we will be able to simplify and improve ourservice and support structure."
"We are extremely proud to be a part of this exciting opportunity,and look forward to providing Bombardier, a long-time Parkercustomer, with enhanced fly-by-wire flight control systems," saidParker Aerospace Control Systems Division Vice President andGeneral Manager Carl Moffitt .
Fly-by-wire system
Fly-by-wire flight controls replace the conventionalhydro-mechanical flight control system that uses a series ofpulleys and/or rods that directly control flight surfaces andprovides easier installation and increased functionality. Withfly-by-wire flight control, pilot inputs are interpreted bysophisticated on-board computers to ensure that the signals beingsent to the control surfaces optimize the aircraft's performance.
CSeries family of aircraft
The five-abreast CSeries aircraft -- launched on July 13, 2008 --are specifically designed to meet the growing needs of the 100- to149-seat commercial aircraft market category, estimated byBombardier Aerospace at 6,300 aircraft representing more than $250billion US revenue over the next 20 years. Bombardier expects to beable to capture up to half of this market.
About Parker Hannifin Corporation
Parker Aerospace is an operating segment of Parker HannifinCorporation. Parker Aerospace designs, manufactures, and serviceshydraulic, fuel, and pneumatic components, systems, and relatedelectronic controls for aerospace and other high-technologymarkets. Based in Irvine, California, its product lines includeflight control actuation systems and components, thrust-reverseractuation systems, electrohydraulic servovalves, utility hydraulicsystems and components, DC motor pumps, fuel pumps, lubrication andscavenge pumps, fuel measurement and management systems, cockpitinstrumentation, flight inspection systems, pneumatic subsystemsand components, fluid metering delivery and atomization devices,wheels and brakes, and fluid conveyance products such as hoses,tubes, disconnects, and fittings.
With annual sales exceeding $10 billion, Parker Hannifin is the world's leading diversified manufacturer of motion andcontrol technologies and systems, providing precision-engineeredsolutions for a wide variety of commercial, mobile, industrial, andaerospace markets. The company employs more than 57,000 people in43 countries around the world. Parker has increased its annualdividends paid to shareholders for 52 consecutive years, among thetop five longest-running dividend-increase records in the S&P500 index. For more information, visit the company's web site at http://www.parker.com , or its investor information site at http://www.phstock.com .
About Bombardier
A world-leading manufacturer of innovative transportationsolutions, from commercial aircraft and business jets to railtransportation equipment, systems and services, Bombardier Inc. isa global corporation headquartered in Canada. Its revenues for thefiscal year ended Jan. 31, 2008, were $17.5 billion US, and itsshares are traded on the Toronto Stock Exchange (BBD). Bombardieris listed as an index component to the Dow Jones SustainabilityWorld and North America indexes. News and information are availableat http://www.bombardier.com .
Bombardier and CSeries are trademarks of Bombardier Inc. or itssubsidiaries.
Forward-Looking Statements:
Forward-looking statements contained in this and other written andoral reports are made based on known events and circumstances atthe time of release, and as such, are subject in the future tounforeseen uncertainties and risks. All statements regarding futureperformance, earnings projections, events or developments areforward-looking statements. It is possible that the futureperformance and earnings projections of the company and individualsegments may differ materially from current expectations, dependingon economic conditions within both its industrial and aerospacemarkets, and the company's ability to maintain and achieveanticipated benefits associated with announced realignmentactivities, strategic initiatives to improve operating margins, andgrowth, innovation and global diversification initiatives. A changein economic conditions in individual markets may have aparticularly volatile effect on segment results. Among the otherfactors which may affect future performance are: changes inbusiness relationships with and purchases by or from majorcustomers or suppliers, including delays or cancellations inshipments or significant changes in financial condition;uncertainties surrounding timing, successful completion orintegration of acquisitions; threats associated with and efforts tocombat terrorism; competitive market conditions and resultingeffects on sales and pricing; increases in raw- material costs thatcannot be recovered in product pricing; the company's ability tomanage costs related to employee retirement and health carebenefits and insurance; and global economic factors, includingmanufacturing activity, air travel trends, currency exchange rates,difficulties entering new markets and general economic conditionssuch as inflation, interest rates and credit availability. Thecompany makes these statements as of the date of this disclosure,and undertakes no obligation to update them.
SOURCE Parker Hannifin Corporation