Parker Aerospace, a business segment of Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, has been selected by Rolls-Royce to support the newest turbofan engine development program, the Rolls-Royce Trent 7000, exclusively for the Airbus A330neo platform.

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Parker Aerospace on the Rolls-Royce Trent 7000 (Graphic: Business Wire)

Parker Aerospace on the Rolls-Royce Trent 7000 (Graphic: Business Wire)

The selection was based on Parker Aerospace's long term relationship and successful experience with lowering risk by leveraging design pedigree from the Rolls-Royce Trent XWB and Trent 1000 turbofan engine for the Airbus A350 XWB and the Boeing 787. The bill of material that Parker Aerospace will provide includes: main engine oil pumps, oil tanks, the fuel nozzles and manifold, plus a portfolio of pneumatic control devices.

Parker fuel nozzles with low-NOx and low-CO fuel atomization technology are key to the development and operation of more environmentally friendly engines like the Trent 7000. The Trent 7000 turbofan engine test runs are planned to be completed in early 2017 and it is scheduled to enter service later that year. This expedited timeframe could not have been accomplished without Parker Aerospace's prior experience in oil, fuel, and pneumatic systems.

"Parker's long relationship with Rolls-Royce, working closely with the design and manufacture of the Trent family turbofan engines, has established us as a low risk and reliable partner," noted Parker VP and General Manager Dave Overholt.

About Parker Aerospace. Parker Aerospace is a global leader in the research, design, manufacture, and service of flight control, hydraulic, fuel and inerting, fluid conveyance, thermal management, lubrication, and pneumatic systems and components for aerospace and other high-technology markets. Its product lines include primary and secondary flight control actuation, power generation and control components, thrust-reverser actuation systems, electrohydraulic servovalves, electric motor-driven hydraulic pumps, fuel pumps and valves, refueling, defueling, and aerial refueling equipment, fuel tank inerting systems; tank pressure and vent controls, level and flow control equipment; motor-operated valves and fuel equipment, lubrication oil reservoirs, lubrication and scavenge pumps, fuel measurement and management systems, thermal management products, cockpit instrumentation, lightning-safe products, pneumatic subsystems and components, water subsystems and components, fluid metering delivery and atomization devices, wheels, brakes, and fluid conveyance products such as hoses, tubes, disconnects, and fittings. It is an operating segment of Parker Hannifin Corporation.

About Parker Hannifin. With annual sales of approximately $13 billion in fiscal year 2015, 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 mobile, industrial, and aerospace markets. The company has operations in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 59 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 web site at www.phstock.com.

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