Honeywell (HON) Secures New $476 Million Engine Production Contract For U.S. Army Chinook Fleet
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Honeywell Secures New $476 Million Engine Production Contract For U.S. Army Chinook Fleet
March 9, 2021 4:30 PM ESTPHOENIX, March 9, 2021 /PRNewswire/ --Â Honeywell (NYSE: HON) has won a 4-year IDIQ (Indefinite Delivery, Indefinite Quantity) contract for new production and spare T55-GA-714A engines that power the U.S. Army's CH-47 Chinook helicopters. This $476 million contract award will ensure that the U.S. Army's Chinook fleet has spare engines to support future missions and available engines for Boeing's Philadelphia Production Line through 2024 to serve the U.S. Army and foreign partner nations' new aircraft requirements. The engines will be... More
