Parker-Hannifin Sells AFIS Line | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.20.14 ** HD iPad-Friendly -- Airborne 08.20.14 **
** Airborne 08.18.14 ** HD iPad-Friendly -- Airborne 08.18.14 **
** Airborne 08.15.14 ** HD iPad-Friendly -- Airborne 08.15.14 **

Wed, Jun 09, 2004

Parker-Hannifin Sells AFIS Line

Deal Should Be Complete By September

Parker Hannifin Corporation and NXT LLC today announced they have reached an agreement in principle for NXT to purchase the AFIS (Automatic Flight Inspection System) product line, from Parker's Aerospace Group for an undisclosed amount. The system currently accounts for less than $1 million of Parker's total sales. Based in Oklahoma City, NXT plans on aggressively pursuing the domestic and international flight inspection marketplace. The divestiture is expected to be completed by the end of September, subject to negotiation and execution of definitive documentation and receipt of necessary government approvals.

"NXT and Parker Hannifin will work together to ensure the integrity of the AFIS product line, which has a long history of support for the US domestic and international aviation communities," said Richard Gucciardo, Parker Aerospace Group.

"We look forward to the opportunities that the addition of the AFIS product line will provide both domestically and internationally," said John Heiderstadt, VP, Operations, NXT LLC. "We are confident our staff's expertise will deliver quality support and innovation in the field of flight inspection."

FMI: www.parker.com

Advertisement

More News

Airborne 08.20.14: Unstable FAA Software, Pilots Can't Share, Hurricane Hunters

Also: New CAP Boss, Eclipse Fights Slow Economy, Skyport, MGL Upgrades, Lee Bottom Fly-In The Department of Transportation Inspector General has issued a memo to the FAA Administra>[...]

Airborne 08.20.14: Unstable FAA Software, Pilots Can't Share, Hurricane Hunters

Also: New CAP Boss, Eclipse Fights Slow Economy, Skyport, MGL Upgrades, Lee Bottom Fly-In The Department of Transportation Inspector General has issued a memo to the FAA Administra>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-16-06 PRODUCT: Certain Bombardier, Inc. Model CL-600-2B16 (CL-604 Variant) airplanes.>[...]

AD: Airbus Airplanes

AD NUMBER: 2013-13-13 PRODUCT: All Airbus Model A310 series airplanes; and Model A300 B4-600, B4-600R, and F4-600R series airplanes, and Model A300 C4-605R Variant F airplanes (col>[...]

ANN's Daily Aero-Linx (08.21.14)

Hatz Biplane Association The official webpage of the Hatz Biplane Association, dedicated to the education and enjoyment of building and flying Hatz CB-1, Classic, Bantam, and Kelly>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC