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Israel MoD Awards Honeywell Joint Venture $735 Million Engine Contract

Friday, September 7th, 2012

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International Turbine Engine Company LLC, a joint venture between Honeywell [HON] and Taiwan’s Aerospace Industrial Development Corp., has received a $735 million contract from the Israel Ministry of Defense to supply engines for jet aircraft trainers. Under the contract, International Turbine Engine Company will supply the F124-GA-200 turbofan engines for the MoD’s 30 new Alenia Aermacchi M-346 Master advanced jet trainers. The award includes aftermarket support. “The F124 is a core element of the M-346 platform, giving pilots unrestricted surge-free use of the…

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