) announced that one of its operating segments - Parker
Aerospace, has inked an agreement with Rolls-Royce, a premier
global engine manufacturer, for its Trent series engine program.
Parker expects to generate revenues of $2.2 billion over the
tenure of this agreement, with its first component delivery
scheduled in late 2013.
The Rolls-Royce-Trent XWB-97 engine will be used for Airbus's
new twinjet aircraft - A350 XWB (Xtra Wide Body)-1000. After the
initial ground testing, Airbus intends to launch the maiden
flight on the new twinjet in 2016.
Parker will offer complete hydraulic and fuel systems such as
pneumatics valve suite, oil pump and hydraulic engine build-up
system for the Trent XWB-97 engine. Additionally, as per
Rolls-Royce's TotalCare program, Parker will also be providing
customer and support services on the engines throughout the
tenure of the program.
The engine components will be designed, manufactured and
supported by Parker Aerospace's multiple divisions including
Fluid Systems Division, Stratoflex Products Division and Gas
With this contract, Parker has further strengthened its
long-term ties with Rolls-Royce. We are encouraged by Parker's
strategy that enables it to continually focus on innovation and
secure new contracts.
Parker is a leading worldwide full-line diversified
manufacturer of motion and control technologies and systems,
including fluid power systems, electromechanical controls and
Parker currently has a Zacks Rank #3 (Hold). Other leading
players in the industrial products sectors such as
Kawasaki Heavy Industries Ltd.
) are worth considering. While Graco and Kawasaki both carry a
Zacks Rank #1 (Strong Buy), Middleby carries a Zacks Rank #2
GRACO INC (GGG): Free Stock Analysis Report
KAWASAKI HEAVY (KWHIY): Get Free Report
MIDDLEBY CORP (MIDD): Free Stock Analysis
PARKER HANNIFIN (PH): Free Stock Analysis
To read this article on Zacks.com click here.