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Parker Aerospace, Eviation Partner On Development Of All-Electric Commuter Aircraft

Parker-Hannifin Corp (NYSE:PH) business segment Parker Aerospace has established a partnership to further the development of electric flight. Eviation Aircraft has…
byAkanksha Bakshi
July 20, 2022
1 minute read
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  • Parker-Hannifin Corp (NYSE:PH) business segment Parker Aerospace has established a partnership to further the development of electric flight.
  • Eviation Aircraft has engaged Parker Aerospace to develop six technology system packages for Alice, the first-of-its-kind all-electric commuter aircraft.
  • Alice can accommodate nine passengers and intends to offer reduced maintenance and operational costs for airlines.
  • The parties are now entering the design phase for Alice’s production and certification phase.
  • The work packages include Cockpit controls, Electromechanical flap system, Thermal management, Hydraulic power packs, Vibration and noise mitigation, and Sealing solutions.
  • Price Action: PH shares are trading higher by 2.05% at $265.33 on the last check Wednesday.
 
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