Parker Meggitt signs GBPmulti-million SMARTSupport contract with Lufthansa Technik AG
October 24, 2022 at 10:42 am EDT
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Parker Aerospace, a business segment of Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that its newly acquired Parker Meggitt organization has signed a 5 year GBPmultimillion SMARTSupportTM contract extension with Lufthansa Technik AG for the supply of spare parts and MRO (Maintenance Repair and Overhaul) services, covering a broad range of Parker Meggitt products across multiple civil aircraft and engine platforms.
Lufthansa Technik AG is a leading global provider of aircraft maintenance, repair, overhaul and modification services for civil and commercial aircraft, and this five-year contract marks the continuation of a longstanding relationship between the two companies.
Stewart Watson, President of Parker Meggitt's Services & Support division, said: 'This contract further emphasises the strength of our working partnership with the Lufthansa Technik team. We are proud to be able to continue supporting their world class repair facilities and technologies and we very much look forward to forging a stronger future together as we build our global capabilities to serve the new emerging fleet of narrow body aircraft such as Max and NEO.'
'We are excited to further extend our relationship with Parker Meggitt,' said Dr. Georg Fanta, Vice President of Aircraft Component Services at Lufthansa Technik. 'Our customers will benefit comprehensively from this new agreement as we combine Lufthansa Technik's maintenance, repair, overhaul and engineering capabilities with the manufacturer knowledge of Parker Meggitt to provide top technical component services.'
Parker Hannifin Corporation specializes in designing, manufacturing, and selling monitoring and control systems. Net sales break down by family of products as follows:
- industrial systems (84.1%): industrial pipes, pipe connectors and adapters, oil filters, air filters, motors, hydraulic pumps and valves, pneumatic accessories, diagnostic equipment, climate control and monitoring systems (carbonic gas control systems, electronic controllers, pressure regulators, electromagnetic valves, thermostatic pressure relief valves), etc. North America accounts for 57.7% of net sales;
- aerospace systems and components (15.9%): flight control systems, fluid flow automation and monitoring systems, hydraulic components, brakes, etc. intended for military and commercial aircraft.
Net sales break down geographically as follows: North America (64.4%), Europe (19.9%), Asia-Pacific (14.4%) and Latin America (1.3%).
PARKER-HANNIFIN CORPORATION 
