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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

Airborne Hi-Def On YouTube

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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 04.26.16: Drone v Airplane-NOT!, eFusion Electric Plane, ANN@AEA-LIVE!!

Also: MU-2 AOA, AMA Responds To Senate FAA Reauthorization, ANN@AEA Live 04/27-0830ET, ANN@AEA Live 04/28-1400ET, ANN@AEA Live 04/29-1100ET A report of a drone possibly colliding w>[...]

FAA Approves 5,000 Section 333 Exemption Petition Grants

Gowdy Brothers Aerospace Looks To The Future Of Non-Recreational UAS Use FAA Airman and Airspace Rules Division announces 5,076 approved Section 333 petition grants. The FAA furthe>[...]

Aero-News: Quote Of The Day (05.01.16)

"Working together, we have accomplished a truly incredible amount in the last couple of years. But we’re still really at the beginning of the process. We need to start thinki>[...]

ANN's Daily Aero-Linx (05.01.16)

Aero Linx: Alaskan Aviation Safety Foundation The foundation was created to improve aviation safety in Alaska thorough education, advocacy and research. We are a non-profit members>[...]

ANN's Daily Aero-Term (05.01.16): Common Point

Common Point A significant point over which two or more aircraft will report passing or have reported passing before proceeding on the same or diverging tracks. To establish/mainta>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC