Honeywell announced it has received an order for 41 T55-GA-714A engines to support South Korea’s procurement of new CH-47F aircraft as part of an effort to replace its older CH-47D aircraft. The order and supply of the T55 engines is managed through the office of U.S. Army Foreign Military Sales. “We have a longstanding relationship with South Korea, and we appreciate the opportunity to continue supporting them on their new CH-47F Block I Helicopters with our latest T55-GA-714A engine configuration,” said Dave Marinick, president, Engines and Power Systems, Honeywell Aerospace. “The latest contract to supply 41 T55 engines is a testament to South Korea’s confidence in our battle-proven engines. To date, our T55 engines have logged some 12 million hours of operation on the Boeing CH-47 and MH-47 Chinook helicopters.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HON:
- Honeywell (NASDAQ: HON) Reorganizes its Business Segments
- Honeywell price target lowered to $190 from $205 at Wells Fargo
- VSE boosts FY23 revenue & EBITDA guidance for Aviation segment
- VSE buys perpetual MRO license, assets from Honeywell for $105M
- HONEYWELL TO INCREASE DIVIDEND EFFECTIVE FOURTH QUARTER 2023