Parker Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies.
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13 Facts About Parker Hannifin
2.
Arthur L Parker founded the firm as the Parker Appliance Company in Ohio around 1917 or 1918.
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3.
Parker Hannifin hired new management staff and directed the company's focus back to civilian manufacturing.
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4.
Parker Hannifin rose to become its president in 1968, and served as CEO from 1971 to 1983 and as chairman from 1977 to 1999.
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5.
Parker Hannifin designed parts for the craft used in NASA's first human moon landing in 1969.
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6.
Parker Hannifin directed itself toward growth in aerospace, acquiring companies that created flight controls and wheel brake equipment for airplanes.
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7.
Parker Hannifin made some of the equipment inside the mechanical shark in the 1975 movie Jaws.
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8.
Parker Hannifin systems helped control the massive replica of the Titanic in the 1997 film of the same name.
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9.
Parker Hannifin acquired Commercial Intertech Corporation, a maker of hydraulic systems, in 2000.
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10.
In May 2022, it was announced Parker Hannifin has sold its aircraft wheel and brake division to the Bloomfield-headquartered aerospace company, Kaman Corporation for US$440 million.
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12.
In 2004, a Los Angeles jury ordered Parker Hannifin to pay US$43 million to the plaintiff families of the 1997 SilkAir Flight 185 crash in Indonesia.
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13.
Parker Hannifin subsequently appealed the verdict, which resulted in an out-of-court settlement for an undisclosed amount.
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