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Honeywell Wins Large Army Contract
Associated Press  |  January 23, 2006
LOS ANGELES - Honeywell International Inc. said Monday it won a U.S. Army contract for as much as $1.4 billion to provide improvements, engineering support and logistics for the turbine engine used on the Abrams tank.

The work includes providing field support in Kuwait, Korea and other countries.

The Morris Township, N.J.-based diversified manufacturer said the contract calls for durability improvements, supply-chain management and performance-based engineering support. While the initial phase is only for a year and valued at $69 million, the company said the overall contract could amount to $1.4 billion.

The Honeywell pact is an attempt by the Army to set up a more proactive maintenance system, and to give the company primary responsibility for on-time delivery of replacement engine parts and management of repair schedules. Honeywell said it will use field data to more accurately determine maintenance needs and provide Army units with detailed, timely information about the mechanical status of Abrams tanks.

Honeywell said the new maintenance system will rely on a Web-based data base and special in-use monitoring systems to provide more effective and less expensive repairs and upkeep.

Shares of Honeywell climbed 50 cents, or 1.4 percent, to $36.34 in early trading Monday on the New York Stock Exchange.

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Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


 


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