Why parker hannifin

Home Our Work Parker. Parker Hannifin Innovation breakthroughs start with inspired engineers. Situation Climate change. Insight Even the experts solving the toughest global challenges — from energy to aerospace — look to peers and partners they can trust for information, and inspiration. Strategy Connect an engineering audience to industry thought leaders and the breadth of Parker products through an organic and social content strategy.

Thomas L. Chairman of the Board, Chief Executive Officer. Lee C. President, Vice Chairman of the Board. Todd M. Jennifer A. Chief Operating Officer. Mark J. New Stories. British defence firm Meggitt said on Tuesday it expects its takeover by U. Britain said on Monday it was intervening in a proposed 6. Britain issued an intervention notice on a proposed deal between Meggitt and Parker-Hannifin on Monday, citing national security grounds.

Meggitt suitor TransDigm has been given a deadline of Sept. Parker-Hannifin has agreed to buy its London-listed rival Meggitt for 6. Britain said on Monday it was closely monitoring U. Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes. Before launching his company, Parker completed his Bachelor of Science degree in electrical engineering at Case Institute of Technology. Located on Cleveland's near west side, Parker founded his company to market Parker's newly designed pneumatic brake system for trucks and buses.

When a promotional trip ended with the company's entire inventory crashing down a mountainside in Pennsylvania, the young entrepreneur was forced to close the business. By then, his pneumatic fitting products were found to be ideal in the development of compact, lightweight hydraulic systems that reduced aircraft weight which, given the expanding aviation industry, kept the firm solvent for two decades.

Art and Parker Appliance's reputation for producing reliable hydraulic connectors for the aviation industry became so well known that in the late s, Charles Lindbergh called on Parker to develop a leak-free fuel system for his plane, the Spirit of St. Louis, in order to complete the first ever transatlantic solo flight.

The company also established operations in Los Angeles to better support the rapidly expanding aircraft industry. Following Arthur Parker's death in , a sharp decline in government business brought the firm close to bankruptcy.

Parker Appliance's recovery was attributed to its focus on new product development, entry into new markets, greater manufacturing efficiency, and the acquisition of key fluid power businesses. In , the company acquired Hannifin Corporation of Illinois, a leading manufacturer of hydraulic and pneumatic power cylinders, valves and hydraulic presses.