Parker Hannifin's Parker Meggitt Received Supplemental Type Certificate (STC) For iPRESSTM, A Long-Range Wireless Tire Pressure Gauge For Aviation
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Parker Hannifin's Parker Meggitt has received a Supplemental Type Certificate (STC) for iPRESSTM, a long-range wireless tire pressure gauge for aviation. This certification allows the product to be used in the aviation industry.
October 17, 2023 | 7:09 am
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POSITIVE IMPACT
The receipt of the STC for iPRESSTM by Parker Hannifin's Parker Meggitt could potentially increase the company's market share in the aviation industry.
The STC allows Parker Hannifin's Parker Meggitt to use iPRESSTM in the aviation industry. This could potentially increase the company's market share in this industry, leading to increased revenues and a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100