CLEVELAND, Oct 22, 2002 /PRNewswire-FirstCall via COMTEX/ -- Executives and
guests of Parker Hannifin Corporation (NYSE: PH), one of the original suppliers
to the aerospace industry, will celebrate a century of flight at The New York
Stock Exchange on Friday, October 25. To mark the company's legacy in aviation
and the next century of flight, Parker President and CEO Don Washkewicz will
present a scholarship award to student Roy Pastor following the closing bell.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
Pastor, a New York native and valedictorian at Aviation High School in Queens,
was selected by the management team at Parker Aerospace's Electronic Systems
Division in Smithtown, NY. Parker executives reviewing the applications were
impressed with Pastor's diverse accomplishments; outstanding mechanical ability;
academic excellence; and passion for engineering.
Washkewicz and other Parker executives will ring the closing bell at 4 p.m. to
commemorate two important milestones in aviation - the 75th anniversary of
Lindbergh's transatlantic flight and the centennial of powered flight in 2003.
Friday's presentation will mark the second scholarship Parker has awarded as
part of its partnership with AVIATION WEEK'S Next Century of Flight (NCF)
education and leadership initiative.
Earlier in the day, Parker's CEO and other corporate executives will update
investors on the company's strategies, operations, markets and current outlook
for the fiscal year. A live webcast of that presentation will be made at 12:30
p.m. ET at www.phstock.com .
With annual sales exceeding $6 billion, Parker Hannifin is the world's leading
diversified manufacturer of motion and control technologies and systems,
providing precision-engineered solutions for a wide variety of commercial,
mobile, industrial and aerospace markets. The company employs more than 48,000
people in 44 countries around the world. For more information, visit the
company's web site at www.parker.com , or its investor information site at
www.phstock.com .
About Next Century of Flight
AVIATION WEEK'S The Next Century of Flight is a global, multimedia education and
leadership program dedicated to help the aerospace industry capitalize on the
100th anniversary of manned, powered flight in 2003 and position itself for
generations to come. Since it was launched in 1998, the program has connected
with millions of professionals and enthusiasts around the world via original
articles and essays, curriculum support for students and teachers, and related
partner programs such as Parker Hannifin's NCF Scholarship Award.
SOURCE Parker Hannifin Corporation
CONTACT: Media, Lorrie Paul Crum, VP - Corp. Communications,
+1-216-896-2750, or lcrum@parker.com, or Financial Analysts, Timothy K.
Pistell, Vice President - Treasurer, +1-216-896-2130, or tpistell@parker.com,
both of Parker Hannifin Corporation
