Honeywell and Hindustan Aeronautics Ltd. Finalize Contract for TPE331 Engine
EBACE, GENEVA, May 20, 2008 -- Honeywell (NYSE:HON), through its
Swiss subsidiary Honeywell International Sarl, and Hindustan Aeronautics Ltd.
(HAL) have finalized an agreement for Hindustan to manufacture commercial
Honeywell TPE331 engines, engine components and kits for Honeywell.
“The agreement is an expansion of the Honeywell and Hindustan longstanding
relationship dating to 1983, when Hindustan Aeronautics first began licensed
production of TPE331-5 engines,” said Rob Wilson, President, Business and
General Aviation. “Hindustan Aeronautics manufacturing capabilities in the
TPE331 family enable further global reach for the most fuel-efficient and
reliable turboprop engine in the industry. The engines will be used on a broad
range of aviation applications.”
Hindustan Aeronautics has manufactured more than 200 TPE331-5 engines for use
by the Indian military services, including the national Coast Guard, Navy and
Air Force. The company also provides full maintenance and service on the
aircraft engines at its facilities in Bangalore, India.
The commercial agreement builds on that work by expanding into commercial
engine manufacture of the latest generation of TPE engines for Honeywell’s
Business and General Aviation business.
Delivery of components to Honeywell will begin in 2009, reaching full volume
capacity in 2012.
Honeywell International is a $37 billion 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 additional information, please visit www.honeywell.com.
Based in Phoenix, Honeywell’s $12 billion 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.
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