Honeywell Signs Deal With Airbus
Wednesday 20/09/2017 - Source: The Financial Times
Honeywell said on Wednesday that it had signed a contract to provide systems for Airbus's new long-range, wide-body A350 aircraft, and expected to generate more than $16bn in revenue over the projected 20 to 25-year life of the programme, reports Reuters in Boston.
Honeywell, the world's largest maker of cockpit electronics, said the order was the largest Airbus has so far awarded for the A350 and the most significant it had received for multiple integrated systems on a commercial airliner.
Airbus, owned by the European aerospace company EADS, has so far received about 254 orders and commitments for the aircraft. The first deliveries of the A350 are expected in 2013.
Honeywell's $16bn revenue forecast includes both components for auxiliary power, pressurisation and climate-control systems on new aircraft and maintenance revenues.
"The real benefit here is that we can optimise the system by having the ownership of power generation, environmental control and pressurisation," said Rob Gillette, president of Honeywell Aerospace, in a phone interview.
Mr Gillette said Honeywell would be selling about $1.4m worth of equipment per aircraft and expected to book its first revenue from the programme in 2013.
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