Honeywell secures $58.8 million contract modification from U.S. Army

Investing.com -- Honeywell International Inc. (NASDAQ: HON) has been awarded a $58.79 million contract modification from the U.S. Department of War for work related to the automotive gas turbine 1500 engine platform.

The modification, identified as P00026 to contract W56HZV-20-D-0062, is for program services and systems technical support engineering services. This latest award increases the total cumulative value of the contract to $2.69 billion.

The Army Contracting Command at Detroit Arsenal, Michigan, is managing the contract. Specific work locations and funding details will be determined with each order under the contract.

The Phoenix, Arizona-based company is expected to complete the work by March 31, 2028, according to the announcement.

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