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Parker-Hannifin Corporation : Parker Aerospace Wins Thermal Management Systems Contract for Degraded Visual Environment Program

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04/04/2012 | 01:20pm CET

Parker Aerospace, a business segment of Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, has been selected by Sierra Nevada Corporation (SNC) for its Helicopter Autonomous Landing System (HALS) program.

Parker Aerospace's thermal management systems (TMS) organization will provide SNC with thermal management solutions that enable HALS to be initially integrated on UH-60 Black Hawk helicopters. SNC was awarded a contract to fulfill the degraded visual environments (DVE) operational needs statement issued by the US Army Aviation Networks Mission Planning Program Directorate. SNC's HALS combines real-time 3D imagery with digital terrain map, satellite imagery, and DVE specific guidance symbology to provide a complete DVE solution for takeoff, approach, and landing operations in fog, brownouts, and other DVEs. The initial HALS deliveries will be used in support of Operation Enduring Freedom.

"Parker is supplying us with the thermal management systems that will provide cooling and heating for our critical HALS electronics," said Bob Lombard, SNC's HALS program manager. "The systems we will be supplying the Army will be installed in extremely harsh environments with high levels of vibration, sand, dust, and heat," added Lombard. "We have been very happy with Parker's thermal management products and support over the last several years as we have progressed through a series of HALS development and flight testing phases."

Parker Aerospace's TMS organization is located in Liberty Lake, Washington, and Mentor, Ohio, and is part of the Parker Aerospace Gas Turbine Fuel Systems Division. The team specializes in thermal management systems, including liquid-cooled environmentally sealed enclosures, cold plates, and heat rejection products for harsh environments in defense, aerospace, and industrial applications. The TMS organization works with other Parker divisions to provide motors, controllers, pumps, valves, quick disconnects, and other fluid distribution products to provide complete thermal management systems solutions to military and aerospace customers.

About Parker Aerospace. Parker Aerospace is an operating segment of Parker Hannifin Corporation. Parker Aerospace designs, manufactures, and services flight control, hydraulic, fuel and inerting, fluid conveyance, thermal management, and engine systems and components for aerospace and other high-technology markets. For more information on Parker Aerospace's thermal management capabilities, visit its website at tms.parker.com.

About Parker Hannifin. With annual sales exceeding $12 billion in fiscal year 2011, 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 employs approximately 58,000 people in 47 countries around the world. Parker has increased its annual dividends paid to shareholders for 55 consecutive fiscal 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 http://www.parker.com, or its investor information site at http://www.phstock.com.

Parker Aerospace
Alison Dittmeier, Media Relations & Communications Manager
[email protected]

© Business Wire 2012
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Financials ($)
Sales 2018 14 140 M
EBIT 2018 1 948 M
Net income 2018 1 096 M
Debt 2018 4 132 M
Yield 2018 1,50%
P/E ratio 2018 23,18
P/E ratio 2019 16,42
EV / Sales 2018 1,99x
EV / Sales 2019 1,81x
Capitalization 23 959 M
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Mean consensus OUTPERFORM
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Average target price 212 $
Spread / Average Target 18%
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William G. Eline Chief Information Officer & Vice President
Martin Craig Maxwell Chief Technology & Innovation Officer, VP
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