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Honeywell Receives $79 Million U.S. Army Contract For Chinook Helicopter Engines |
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Written by Honeywell
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Monday, 23 November 2009 15:14 |
T55 Engine Powers Chinooks with Less Fuel and More Reliability
DUBAI AIR SHOW, U.A.E., Nov. 15, 2009-- Honeywell (NYSE: HON) announced today that the U.S. Army has finalized a contract to continue to purchase Honeywell T55-GA-714A engines and fielding kits, valued at approximately $79 million, for Chinook helicopters.
“The 714A engine significantly increases power for the Chinooks, enabling it to operate more efficiently in the high altitudes and hot environment of Afghanistan,” said Paul Vidano, Vice President of Militaries and Operators, Honeywell Aerospace. “Safety is a priority for both Honeywell and the U.S. Army, and the highly reliable 714A allows for safe movement of troops and equipment.”
More than 5,300 T55 engines have been delivered since its launch, with more than seven million hours of global operation. The T55 has evolved as helicopter needs have changed, and the 714A delivers a 17 percent increase in power, 5 percent reduction in fuel consumption and increased maintenance intervals, providing more effective power at lower costs as compared to the previous 712-model engine.
Honeywell’s engines are being installed on both legacy CH-47D and new CH-47F helicopters. Deliveries to the Boeing CH-47F production line from this latest order will begin in the first quarter of 2010. The U.S. Army has options for two additional years.
Based in Phoenix, Arizona, Honeywell’s aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
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Last Updated on Monday, 23 November 2009 15:17 |
