Parker-Hannifin Corp (NYSE: PH) business segment Parker Aerospace has been selected by the Sikorsky-Boeing team for the DEFIANT X entrant in the Future Long-Range Assault Aircraft (FLRAA). Financial terms were not disclosed.

Sikorsky, a Lockheed Martin Co (NYSE: LMT), and Boeing Co (NYSE: BA) are partnered as Team DEFIANT, competing for the Future Vertical Lift FLRAA program award. Hydraulic Piston Pump

Sikorsky-Boeing Picks Parker Aerospace For DEFIANT X FLRAA Entrant

The hydraulic pump suite for the DEFIANT X aircraft will consist of main gearbox pumps and a smaller auxiliary pump.

The next-generation design offers benefits such as lighter weight and less heat rejection, resulting in reduced fuel burn than alternative pumps.

The company noted these benefits provide lower life cycle costs for the U.S. Army.

Price Action: PH shares are trading lower by 1.65% at $286.84 on the last check Thursday.

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