- Parker Hannifin ( NYSE: PH ) business segment Parker Aerospace announced an agreement with the Defense Logistics Agency and the U.S. Air Force for a 5-year performance-based logistics contract covering hydraulic equipment across five key Air Force platforms.
- Under the 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.
- "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," company executive commented.
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Parker Aerospace signs performance-based logistics contract with U.S. Air Force and Defense Logistics Agency