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Press release from Business Wire

Parker Aerospace Partners with Rolls-Royce on Trent XWB-97 Engine Program

Tuesday, June 18, 2013

Parker Aerospace Partners with Rolls-Royce on Trent XWB-97 Engine Program

08:00 EDT Tuesday, June 18, 2013

PARIS (Business Wire) -- Parker Aerospace, an operating segment of Parker Hannifin Corporation, has been chosen by Rolls-Royce to partner on its Trent XWB-97 engine program.

The Rolls-Royce Trent XWB-97 engine is being developed for the new Airbus A350 XWB-1000 aircraft and is the sole engine currently available to power this new aircraft. Parker estimates that the agreement will generate approximately $2.2 billion in revenues over the life of the program.

“This long-term partnership with Rolls-Royce allows Parker to invest in the future and contributes to our growing global presence, supporting one of the world's premier engine manufacturers,” said Parker Aerospace President Roger Sherrard. “Parker is proud to build on a history of success with Rolls-Royce on the Trent engine series. The Trent XWB-97 will be used by airline fleets around the world.”

Product design, manufacture, and support will be completed by multiple Parker Aerospace divisions, including Fluid Systems Division in Irvine, California; Stratoflex Products Division in Fort Worth, Texas; and Gas Turbine Division in Devens, Massachusetts.

The first Parker-supplied Trent XWB-97 components are scheduled for delivery to Rolls-Royce in late 2013. Initial ground testing of the Trent XWB is due to commence in 2014, with maiden flight on the new Airbus twinjet scheduled for 2016.

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 looks forward to enhancing its existing relationship with Rolls-Royce on this exciting new program.

The bill of material covers several product lines in support of Rolls-Royce requirements: the pneumatics valve suite that enables anti-icing, turbine case cooling and engine bleed functions; the oil pump that feeds oil to bearings and gearboxes and scavenges that return oil; and the hydraulic engine build-up system that includes tubes, hoses, and attaching hardware required to convey the aircraft hydraulic power between the engine-mounted pumps and the aircraft as well as high-temperature hoses that channel fuel to the engine.

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® programs and helps provide optimized, predictable cost over the long-term.

Parker Aerospace supports many Rolls-Royce engine programs, including the RB211 and BR715; BR710, and BR710A2-20; Trent 500, 800, 1000, Trent XWB, TP400 and Industrial Trent; and LiftFan® clutch actuation system.

Parker will provide the complete hydraulic and fuel systems for the A350 XWB, as well as the fuel tank inerting system.

Media
Parker Aerospace
Alison Dittmeier, Media Relations & Communications Manager
949/851-3515
adittmeier@parker.com
or
Investors
Financial Analysts ?
Pamela Huggins, Vice President ? Treasurer
216/896-2240
phuggins@parker.com

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