Parker Aerospace and GE Aviation Launch Joint Venture

            Parker Aerospace and GE Aviation Launch Joint Venture

- Advanced Atomization Technologies, LLC will enhance commercial engine
performance

PR Newswire

CLYDE, N.Y., Nov. 14, 2012

CLYDE, N.Y., Nov. 14, 2012 /PRNewswire/ -- Parker Aerospace, an operating
segment of Parker Hannifin Corporation (NYSE: PH), and GE Aviation announced
that they have reached an agreement to form a joint venture, Advanced
Atomization Technologies, LLC, to enhance the development and manufacture of
commercial aircraft engine fuel nozzles. This represents a critical addition
to the comprehensive GE fuel management team.

(Logo: http://photos.prnewswire.com/prnh/19990816/PHLOGO)

The 50-50 joint venture — created specifically to produce fuel nozzles for
current and future GE Aviation commercial engine platforms (including
aerospace and aero-derivative engines) — will be located in the Parker Gas
Turbine Fuel Systems Division facility in Clyde, New York. The joint venture
will employ approximately 300 skilled assemblers, technicians, engineers, and
other professionals in the production of advanced fuel nozzles and related
products for GE Aviation. (No financial information on the joint venture has
been disclosed.)

"GE and Parker Aerospace are both world-class aviation businesses and this
joint venture will allow us to further evolve our existing relationship and
offer best-in-class design, manufacturing and program management for these
critical components," said Mike Sims, GE Aviation Combustor General Manager.

Continuing its long history in the Clyde community, the facility will be a
center of excellence in lean manufacturing and fuel-nozzle development.
Leanne Collazzo, current site leader of the Parker facility, has been named
the general manager for the new Advanced Atomization Technologies, LLC.

"Parker is excited to enter into a joint venture with GE Aviation to ensure
the future of the Clyde facility through growth and increased synergy with our
customer," said Manuel Bajaksouzian, General Manager of the Parker Aerospace
Gas Turbine Fuel Systems Division.

Pairing Parker's fuel nozzle technology and GE's advanced TAPS combustion
technology will dramatically reduce engine emissions while increasing fuel
efficiency; two of the most important elements for enhanced engine
performance. Joint development and manufacturing expertise will result in
superior fuel nozzles in future products.

GE Aviation is currently developing a new family of engines for the aerospace
industry including LEAP (in partnership with Snecma), GE9X and Passport. These
important new programs are expected to fuel growth for the joint venture and
generate strong production orders and a robust services business.

Advanced Atomization Technologies will represent the latest in a line of
strategic GE Aviation joint ventures that includes CFM International, the
highly successful engine partnership with Snecma, plus partnerships with
Aircelle, BAE, Safran, SKF and NCK.

About Parker Aerospace: Parker Aerospace, an operating segment of Parker
Hannifin Corporation (NYSE: PH), is a global leader in the research, design,
manufacture, and service of 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, visit the
company's web site at http://www.parker.com.

About GE Aviation: GE Aviation, an operating unit of GE (NYSE: GE), is a
world-leading provider of jet and turboprop engines, components and integrated
systems for commercial, military, business and general aviation aircraft. GE
Aviation has a global service network to support these offerings. Visit
http://www.geaviation.com for more information.





SOURCE Parker Aerospace

Website: http://www.parker.com
Contact: Alison Dittmeier, Parker Aerospace, +1-949-851-3515,
adittmeier@parker.com, or Rich Gorham, GE Aviation, +1-781-594-4192,
richard.gorham@ge.com
 
Press spacebar to pause and continue. Press esc to stop.