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Parker Acquires Cranes Resistoflex Aerospace Business
Cleveland OH (SPX) May 17, 2006 Parker Hannifin announced Tuesday it has acquired Resistoflex Aerospace, a division of Crane. The business produces fluid connectivity and conveyance products for the aerospace industry and had sales of $16 million in 2005. Terms of the deal were not disclosed. Resistoflex, of Jacksonville, Fla., invented PTFE extruded hose and produces tubes and swaged fittings, including hydraulic beam seal fittings for aircraft and engine applications, and Nutlok, a separable fluid connector requiring no lockwire. Parker will integrate Resistoflex into its Stratoflex Products Division in Fort Worth, Texas, which designs and manufactures fluid conveyance systems and products - including PTFE, rubber, and metal hoses - hose assemblies and fittings, rigid tube assemblies, couplings, quick disconnects, swivel joints, fuel break-away valves, hydraulic fuses and flow regulators. Parker Aerospace, an operating segment of Parker Hannifin, designs, manufactures and services hydraulic, fuel and pneumatic components, systems and related electronic controls for aerospace and other high-technology markets. With annual sales exceeding $8 billion, 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 commercial, mobile, industrial and aerospace markets. The company employs more than 55,000 people in 46 countries. Community Email This Article Comment On This Article Related Links Parker Aerospace The latest information about the Commercial Satellite Industry
Lockheed Martin To Deliver First Vietnamese Telecom Satellite
Bethesda MD (SPX) May 14, 2006Lockheed Martin's Commercial Space Systems division announced Friday it has signed a contract with the Vietnam Posts and Telecommunications Group to provide a turnkey telecom satellite system that will begin operations in the second quarter of 2008. Financial terms of the agreement were not disclosed. |
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