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A flow divider valve is a device which allows a single stream of fluid to be split into two paths according to a predetermined ratio and independent of variations or differences in the load pressures. A flow combiner valve combines two paths of fluid into one stream such that the ratio of the flow rates coming into the valve remains independent of any variation or difference between the inlet pressures. This paper describes the design, operation and performance of an integrated flow divider/combiner valve. This design maintains the small flow dividing/combining error of high precision valves (less than 1.5% at rated flow) but incorporates the shuttle valve into the main spool system. This new design reduces the weight of the valve by 20% reducing the cost by approximately 10%. The new structure simplifies the construction of high precision valves and reduces a source of flow dividing/combining error (leakage).