Honeywell Secures Major Engine Contract From Israel Ministry of Defense

Honeywell Secures Major Engine Contract From Israel Ministry of Defense PR Newswire ROLLE, Switzerland, Sept. 5, 2012 -- Honeywell and International Turbine Engine Company sign $735 million deal to supply F124 engine for IMOD's new 30-strong M-346 fleet -- F124/F125 engine family now selected by five international defence departments ROLLE, Switzerland, Sept. 5, 2012 /PRNewswire/ -- Honeywell (NYSE:HON), as part of the International Turbine Engine Company LLC, has signed a contract to supply its F124-GA-200 turbofan engines for the Israel Ministry of Defense's (IMOD) new 30-strong Alenia Aermacchi M-346 Master advanced jet trainer fleet. The contract is worth approximately $735 million and includes engine supply and aftermarket support. The purchase of the F124-powered M-346 by the IMOD comes at a time when numerous defence departments, including that of the United States, are evaluating new training platforms to simulate the latest fighter aircraft such as the F-22, F-35, Eurofighter, Gripen and Rafale. Proven In-Theater Performance With more than 700,000 flight hours across the entire F124/F125 engine family to date, the F124-GA-200 engines will deliver proven and reliable propulsion performance to the IMOD's M-346 fleet. The F124/F125 family is now selected by five international defence departments, with operational status on Taiwan's Indigenous Defense Fighter and the Czech Air Force's L159 light combat aircraft.