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Honeywell To Provide Engines And Spares For U.K. Chinook Retrofit

DDN

Friday, August 14th, 2009

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Honeywell [HON] this week announced the United Kingdom's Ministry of Defense (MoD) will purchase the Honeywell 55-L-714A engine and spares, valued at approximately $185 million, to retrofit their fleet of Chinook helicopters. "Beginning next year, Honeywell will begin fitting U.K. Chinooks with its upgraded 55-L-714A engine that increases power by 17 percent, increases maintenance intervals and reduces fuel consumption by nearly 5 percent," said Garrett Mikita, president, Defense & Space, Honeywell Aerospace. "The T55 has proven itself in the field…

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