Parker Aerospace in Irvine said the Sikorsky-Boeing team has selected multiple Parker technologies for the team’s entry in the U.S. Army’s future long-range assault aircraft competition. Financial terms were not released.
The contract includes main hydraulic pumps, auxiliary pumps and flight control modules as well as rotor and tail systems.
The Army will choose a winner — after a faceoff between Textron’s Bell and the Sikorsky-Boeing team — later this year, according to DefenseNews.com.
Parker Aerospace is a business segment of Cleveland-based Parker Hannifin Corp. (NYSE: PH).
Shares in the parent company dipped 0.3% to $282.74 apiece for a market cap of $36.4 billion earlier today.
For further details, please see the April 11 print edition of the Business Journal.
