This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Parker Aerospace And AVIC Hold Ceremony With Local Governments In Support Of Joint Ventures In Nanjing And Xi’an

Stocks in this article: PH

Parker Aerospace, a business unit of Parker Hannifin Corporation, the global leader in motion and control technologies, and China Aviation Industry Corporation (AVIC) held signing ceremonies to finalize terms and incentive agreements with the local municipal government in support of new joint ventures forming in Nanjing, China, and in Xi’an, China, in support of the Commercial Aircraft Corporation of China, Ltd. (COMAC) C919 program.

These government incentives signing ceremonies are an important step in the process of building permanent facilities in China. The ceremonies follow the recent contract signings between Parker Aerospace and AVIC to form the two joint venture companies, and also with COMAC to supply complete fuel and inerting, hydraulic, and flight control actuation systems on the C919 aircraft.

“Parker is honored to be building two facilities in China in support of the COMAC C919,” said Parker Aerospace Group Vice President of Business Integration Mark Seidel. “We are committed to the Nanjing and Xi’an communities and to the future business these joint venture companies will provide in the fastest growing aerospace market in the world.”

Parker Aerospace and AVIC Jincheng Corporation will form a partnership in development and support of the fuel, inerting, and hydraulic systems on the C919 aircraft. This joint venture will be located in Nanjing and will include a manufacturing facility.

A significant portion of the systems’ component assembly, test, and manufacture will take place at the new facilities, as well as systems integration test functions.

Parker Aerospace and AVIC’s Flight Automated Control Research Institute will form a partnership to provide local, in-country support of the joint development of the flight control actuation systems products on the C919. This joint venture will be located in Xi’an and include a customer service repair center that will be responsible for Parker Aerospace, AVIC, and third-party products.

“Parker is pleased to form these joint ventures in support of our four key systems packages on the C919,” said Parker Aerospace President Roger Sherrard. “Providing local development and support facilities for this new aircraft will allow us to provide the most competitive products in the Asian aerospace industry as it grows at an unprecedented rate.”

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs