Propulsion System Will Include Engine, Nacelle And Thrust Reverser
New Engine Will Deliver Reduced Emissions And Improved Fuel Economy
Washington, D.C., April 8, 2008 -- Honeywell (NYSE: HON) announced today that it has been chosen to supply the latest generation of its HTF7000 turbofan propulsion system family for Embraer’s new MSJ and MLJ business aircraft.
The contract is valued at more than $23 billion including aftermarket over the life of the agreement.
“The HTF7500-E engine will feature new technology to achieve reduced emissions, improved fuel efficiency and will maintain our design emphasis on reliability and dispatchability. It will be backed by our industry-leading maintenance service plan,” said Rob Wilson, President, Business and General Aviation. “Honeywell designed the E-Engine with an acoustic signature well under stage four noise requirements and with improved combustor technology that will reduce NOx emissions substantially below current ICAO levels while still delivering best-in-class fuel economy.
"We are delighted that Honeywell engines will power the new Embraer MSJ and Embraer MLJ business jets," said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. "The HTF7000 series already enjoys high levels of customer satisfaction, and the new technologies incorporated in the HTF7500E engine will further increase its efficiency."
Honeywell’s $23 billion win follows a March win at Gulfstream valued at $3 billion, an Air Tran win earlier this year valued at one billion and an Airbus A350 win announced in the fourth quarter valued at 16 billion.
“We are delivering a propulsion system that will incorporate the newest technologies while building on a proven design that is delivering a benchmark level of reliability in this thrust class,” Wilson said. “With more than 360 HTF7000 engines in worldwide service that have accrued more than 365,000 hours of operation since entering service four years ago, the HTF7000 is delivering better than 99.95% dispatch reliability for our customers.
“Honeywell’s 24/7/365 support approach and focus on worldwide asset availability was seen as a differentiator in the selection. Our new state of the art technical operations center is now providing real time technical solutions to support the growing global fleet,” said Gregg Cohen Vice President, Customer and Product Support. “The support approach coupled with the engine’s design for maintainability has proven benefits to the operators. One of our authorized service centers has successfully demonstrated the capability to complete hot section inspections on-wing.”
“The HTF7000 is proving it is truly an on-condition engine,” Wilson said. “The unique combination of new technology and a demonstrated heritage of rugged reliability, make this engine uniquely suited for high utilization operations such as fractional ownership programs and other high time operators.”
Based in Phoenix, Honeywell’s $12 billion aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
Honeywell International is a $36 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit www.honeywell.com.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.