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.
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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