Market Overview

Parker Aerospace Becomes First Supplier in the United States to Join Airbus Skywise Open Digital Platform

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Early Adopter Phase allows for sharing of relevant data for powerful
analytics and better-informed decisions about aircraft systems in a test
environment

Parker
Aerospace
, a business unit of Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today
announced it is joining Skywise,
Airbus' open digital platform for the aviation industry. Parker will be
the first supplier from the United States to sign an Early Adopter
Agreement for the Airbus cloud application providing aircraft data
analytics. The initiative, a first in the industry, will connect data
between Airbus, airlines, and aircraft OEM suppliers like Parker
Aerospace.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180718005367/en/

Skywise contract signing with Vice President of Customer Support Operations Austin Major (left) from ...

Skywise contract signing with Vice President of Customer Support Operations Austin Major (left) from Parker Aerospace and Digital Transformation Officer Marc Fontaine (right) from Airbus Group (Photo: Business Wire)

The aim of the Skywise platform is to create a single access point for
Airbus and suppliers to share relevant data, perform powerful data
analytics, and make better-informed decisions. Airbus wishes to make
aircraft data open and transparent to help airlines become more
efficient with savings achieved by reducing operational interruptions,
burning less fuel, operating more efficiently, reducing workload, and
accommodating third-party services. Skywise contains a broad range of
analysis and visualization tools for data modeling, signal analysis, and
application creation.

Parker provides a wide array of components to Airbus, including
equipment for flight controls, fluid systems, engine sub-systems,
hydraulic systems, and fluid conveyance products. As a Skywise early
adopter, Parker will be involved in the initial beta phase to test the
platform, aggregate data, perform analysis, and identify lessons learned
to improve Skywise results.

"We are proud to be an early adopter of Skywise because the platform
mirrors Parker's objective to improve customer experience for all
products and services that we provide," said Parker
Aerospace
Vice President of European Programs Ben van Sleeuwen. "Engineering
Your Success
is the vision of Parker Hannifin, and Skywise provides
a robust platform to better understand the interaction between all
equipment on the aircraft so we can improve performance. We're excited
to participate in this groundbreaking opportunity."

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 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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