Honeywell (NYSE: HON) has won a 4-year IDIQ (Indefinite Delivery, Indefinite Quantity) contract for new production and spare T55-GA-714A engines that power the U.S. Army’s CH-47 Chinook helicopters. This $476 million contract award will ensure that the U.S. Army’s Chinook fleet has spare engines to support future missions and available engines for Boeing’s Philadelphia Production Line through 2024 to serve the U.S. Army and foreign partner nations’ new aircraft requirements. The engines will be assembled and tested at Honeywell’s production facility at the company’s Aerospace global headquarters in Phoenix.
