Agreement expected to generate approximately
The Rolls-Royce Trent XWB is the sole engine currently available to power
the new Airbus A350 XWB family of aircraft. At the date of this announcement,
Parker estimates that the agreement will generate approximately
"Through this partnership, Parker is building on a history of success with
Product design, manufacture, and support will be completed by multiple
Parker Aerospace divisions, including the Air & Fuel Division and Customer
Support Operations in
The first Parker-supplied Trent XWB components are scheduled for delivery
A continued focus on business fundamentals and performance improvements driven by Parker's Win Strategy has allowed Parker to deliver the increased value that its customers are seeking. The Win Strategy ensures a focus on value-added services, attention to customer needs, a culture of planned innovation that secures rewards for investors far into the future, and a trusted partnership for Parker customers.
Parker Aerospace looks forward to enhancing its existing relationship with
Trent XWB engine
The bill of material covers several product lines in support of
Lifetime customer support
As part of the partnership, Parker will provide all-inclusive customer service and support on its components for the life of the engine program. This approach is a continuing tradition for Parker on Rolls-Royce TotalCare(R) programs and helps provide optimized, predictable cost over the long-term.
Parker Aerospace supports many
The Rolls-Royce Trent XWB engine is being developed for the new Airbus A350 extra-wide body family of aircraft. Parker will provide the complete hydraulic and fuel systems for the A350 XWB, as well as the fuel tank inerting system.
Parker Aerospace is an operating segment of
With annual sales exceeding
Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. All statements regarding future performance, earnings projections, events or developments are forward-looking statements. It is possible that the future performance and earnings projections of the company and individual segments may differ materially from current expectations, depending on economic conditions within its mobile, industrial and aerospace markets, and the company's ability to maintain and achieve anticipated benefits associated with announced realignment activities, strategic initiatives to improve operating margins, actions taken to combat the effects of the current recession, and growth, innovation and global diversification initiatives. A change in economic conditions in individual markets may have a particularly volatile effect on segment results. Among the other factors which may affect future performance are: changes in business relationships with and purchases by or from major customers or suppliers, including delays or cancellations in shipments or significant changes in financial condition; uncertainties surrounding timing, successful completion or integration of acquisitions; threats associated with and efforts to combat terrorism; uncertainties surrounding the ultimate resolution of outstanding legal proceedings; competitive market conditions and resulting effects on sales and pricing; increases in raw material costs that cannot be recovered in product pricing; the company's ability to manage costs related to employee retirement and health care benefits and insurance; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates and credit availability. The company makes these statements as of the date of this disclosure, and undertakes no obligation to update them.
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