Headquartered in Cleveland, Ohio, Parker Hannifin is a manufacture of motion and control technology products. The company was founded by Arthur L. Parker and started out as a general appliance manufacture. After going bankrupt in 1919, Arthur L. Parker restarted the company in 1924, focusing on pneumatic/hydraulic components and serving the automotive and aviation industry. Parker Hannifin is now a publically traded company that has over 300 manufacturing sites, 58,000 employees, and is a Fortune 500 company.
Parker Hannifin’s large volume and variety of products span worldwide, allowing the company to achieve over $13 Billion in revenue in 2013.As one of the largest companies in the motion control technology industry, Parker Hannifin is divided into seven operating groups: Aerospace, Automation, Filtration, Fluid Connectors, Hydraulics, Instrumentation, and Engineered Materials. Their products, which include Aerospace Systems and Technologies, Air Preparation and Dryers, Cylinder and Actuators, EMI Shielding, Fittings, Valves, and Seals, are utilized by general consumers, businesses, and OEMs.
Parker Hannifin is also a well-known manufacture for products that meet specific government specifications. The company has been awarded several Government Contracts for the manufacture and logistics of parts and equipment.
In July of 2013, Parker Hannifin was awarded an $181,700,000 government contract by the Defense Logistics Agency for wheel equipment, parts and assemblies. Using military services included the Army, Air Force, Marine Corps, and Defense Logistics Agency.
In August of 2013, The Defense Logistics Agency awarded a $238.05 million federal contract to Parker Hannifin for several aviation weapon systems. Using military services included the Army, Air Force, Marine Corps, and Defense Logistics Agency.
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