Country/Region/International Authority:
PHOENIX, AUGUST 12, 2009 -- Honeywell (NYSE: HON) announced today that 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%, increases maintenance intervals and reduces fuel consumption by nearly 5 percent,” said Garrett Mikita, President, Defense & Space, Honeywell Aerospace.