Parker Aerospace Announces Agreement with the U.S. Air Force and the Defense Logistics Agency for Five-Year Performance-Based Logistics Contract

Rhea-AI Summary

Parker Aerospace has secured a five-year performance-based logistics (PBL) contract with the U.S. Air Force and Defense Logistics Agency, focused on hydraulic equipment maintenance across five key Air Force platforms. The contract will enable Parker to provide supply chain, engineering, and field service support from the Ogden Air Logistics Complex in Utah.

This partnership aims to enhance aircraft readiness through improved MRO processes, streamlined supply chain management, and dedicated engineering support, solidifying Parker’s position as a leader in hydraulic systems.

Positive

• Awarded a five-year PBL contract, enhancing long-term revenue stability.
• Potential for significant operational efficiencies through improved MRO processes.
• Streamlined supply chain management using proactive forecasting models.

Negative

• None.

As a prime contractor, Parker will provide supply chain, engineering and field service support for hydraulic equipment across five key Air Force platforms

FARNBOROUGH, England--(BUSINESS WIRE)-- Parker Aerospace, a business segment of Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced an agreement with the Defense Logistics Agency and the U.S. Air Force for a five-year performance-based logistics (PBL) contract covering hydraulic equipment across five key Air Force platforms. Under the sustainment agreement, Parker Aerospace will provide supply chain, engineering and field service support at the Ogden Air Logistics Complex at Hill Air Force Base in Utah under pre-negotiated fixed rates.

Senior leaders during the ceremonial signing of a performance-based logistics contract June 27, 2022, at Hill Air Force Base, Utah. Under the agreement, Parker Aerospace will provide supply chain, engineering and field service support at the Ogden Air Logistics Complex covering hydraulic equipment for five Air Force platforms. Pictured from left are: Brig. Gen. David Sanford, Defense Supply Center Richmond and Defense Logistics Agency Aviation commander, Steve Gray, 448th Supply Chain Management Wing director, Michelle Hathaway, Ogden ALC vice director, and Victor Jorcyk, Parker Aerospace customer support operations vice president. (U.S. Air Force photo by Todd Cromar)

Working collaboratively with repair depot personnel, Parker Aerospace support staff will implement processes to facilitate rapid and high-quality repairs to meet the availability, reliability and maintainability needs of the aircraft while balancing performance metrics.

“Parker Aerospace is honored to participate in this outstanding partnership that will leverage best aftermarket practices and Parker’s integrated solutions to ensure high mission-ready capability rates,” said Austin Major, group vice president, business development and global support, Parker Aerospace. “Being awarded such a significant contract that supports the Air Force’s most critical platforms solidifies Parker’s expertise as a tier-one hydraulic systems leader,” Major remarked. “This deep systems expertise and broad base of proven technology allow Parker to identify and minimize risks, create better spares and repairs solutions and reduce cost and complexity in fleet maintenance operations.”

Bringing transformative benefits to Air Force fleets

With a strong history of innovative sustainment solutions at military aircraft maintenance depots, this latest Parker Aerospace PBL contract win is expected to yield considerable benefits for customers, which include:

• Simplified supply chain management – Using customer-supplied flight hours and reliability data, Parker has created a forecasting/fulfillment model that will drive overhaul material through the Parker supply chain more efficiently and proactively based on actual depot performance and changing fleet needs.
• Improved MRO processes – Parker’s highly-trained field service engineers working at Hill Air Force Base will lead lean events and improve maintenance, repair and overhaul (MRO) process efficiencies.
• Product performance improvements – Parker’s continuous quality improvement strategies reduce the cost and frequency of overhauls with quality components and systems that perform longer on-wing.
• Dedicated engineering support – With access to Parker’s engineering teams, aircraft parts that require disposition can be expertly reviewed, prolonging the life of detail and sub-assembly parts.

Parker team members and resources supporting the PBL contract

The Parker Aerospace team responsible for supporting the PBL contract includes members of the organization’s Customer Support Operations, Military Flight Controls Division, Hydraulic Systems Division and Fluid Systems Division who will utilize Parker’s vast program management, engineering, supply chain and warehouse management resources.

About Parker Aerospace. Parker Aerospace is a global leader in commercial and military aircraft and aeroengine technology. The company collaborates with customers to move their programs forward.

About Parker Hannifin. Parker is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220717005042/en/

Brian King

Parker Aerospace

+1 (714) 458-7416

brian.king@parker.com

Cynthia Chandler

Parker Aerospace

+1 (714) 743-2550

cynthia.chandler@parker.com

Source: Parker Aerospace

FAQ

What is the significance of Parker's PBL contract with the U.S. Air Force?

The PBL contract allows Parker to enhance operational efficiencies and aircraft readiness through improved logistics and support services.

How long is the PBL contract awarded to Parker Aerospace?

The PBL contract awarded to Parker Aerospace is five years.

What are the expected benefits of the PBL contract for Parker Aerospace?

The contract is expected to yield benefits such as improved MRO processes, simplified supply chain management, and dedicated engineering support.

What platforms does Parker Aerospace support under the new contract?

Parker Aerospace will provide support for hydraulic equipment across five key Air Force platforms.

Where will Parker Aerospace provide support for the PBL contract?

Parker Aerospace will provide support from the Ogden Air Logistics Complex at Hill Air Force Base in Utah.