Market Overview

Parker Aerospace Selected to Supply Flight Control Actuation System for AVIC MA700 Regional Turboprop

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Fly-by-wire system to be jointly designed, developed, tested, and
supported by Parker Aerospace and FACRI Actuation Systems team

Parker
Aerospace
, a business segment of Parker Hannifin Corporation
(PH-NYSE), the global leader in motion and control technologies,
announced during a contract signing ceremony at the Farnborough
International Airshow that it was selected by the AVIC Aircraft Co., Ltd
(AVIC Aircraft), a subsidiary of Aviation Industry Corporation of China,
Ltd. (AVIC) to supply the fly-by-wire flight control actuation system
for its MA700 turboprop regional aircraft.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180717005595/en/

Parker Aerospace and AVIC executives sign the agreement for flight controls on the MA700 aircraft at ...

Parker Aerospace and AVIC executives sign the agreement for flight controls on the MA700 aircraft at Farnborough Air Show (Photo: Business Wire)

The flight control actuation system for the MA700 will be jointly
designed, developed, assembled, and tested by Parker Aerospace and the
FACRI Actuation Systems teams, with Parker taking a lead role. AVIC
Flight Automatic Control Research Institute (FACRI), in Xi'an, is the
leading company providing flight control in China. FACRI and Parker
Aerospace have also cooperated on the actuation system for the COMAC
C919 program.

In addition to the flight control actuation system for the MA700, Parker
Aerospace was awarded the hydraulic system in November 2017. Other
products provided by Parker include the torsion tubes for connecting the
hydraulic power to hydraulic actuators, and the electrohydraulic servo
valves used in the aircraft's landing gear system.

The MA700 is a twin-engine, medium-range aircraft currently under
development that will accommodate up to 85 passengers. Designed for
economic efficiency, the aircraft is expected to enter into service
after being certified by CAAC in 2021.

"Working together with AVIC on the MA700 has been an exciting endeavor
for everyone on the Parker and the FACRI team who have been involved in
the design and support process," said Mark Seidel, Parker
Aerospace
group vice president of strategic business integration.
"To know that our systems and components are providing the architecture
and functionality for this important program is highly rewarding for our
entire team."

Parker's longstanding and valued customer, AVIC, shares its enthusiasm
for the MA700 program. "AVIC Aircraft is glad to establish this
long-term cooperation on the next generation turbo-prop MA700 with
Parker Aerospace, and we are confident to make the MA700 a success
through joint efforts," said Zhu Jianxin, vice president of AVIC
Aircraft.

The Parker Aerospace stand is in Hall 4, #4660, at the Farnborough
International Air Show, July 16-22, 2018.

About Parker Aerospace. Parker Aerospace is a global leader in
the research, design, integration, manufacture, certification, and
lifetime service of flight control, hydraulic, fuel and inerting, fluid
conveyance, thermal management, lubrication, and pneumatic systems and
components for aerospace and other high-technology markets. The company
supports the world's aircraft and aero engine manufacturers, providing a
century of experience and innovation for commercial and military
aircraft.

About Parker Hannifin. Parker Hannifin is a Fortune 250 global
leader in motion and control technologies. For 100 years the company has
engineered the success of its customers in a wide range of diversified
industrial and aerospace markets. Learn more at www.parker.com
or @parkerhannifin.

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