Parker-Hannifin has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation, which manufactures components and materials for aerospace and defense, industrial and medical markets. As previously announced, the European Commission cleared Parker’s acquisition of Meggitt, conditional on full compliance with the commitments offered by Parker, including the divestment of Parker’s Aircraft Wheel and Brake Division. Parker’s Aircraft Wheel and Brake Division manufactures aircraft wheel and brake systems and related hydraulic products for general aviation, business aviation, rotorcraft, and military aircraft markets with annual sales of approximately $70
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