Triumph Group, Honeywell Aerospace Sign Long Term Agreement Across Multiple Honeywell Engine Platforms; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Triumph Group and Honeywell Aerospace have signed a long-term agreement for Triumph to manufacture and maintain various components for multiple Honeywell engine platforms. The components include boost pumps, electronic control units, and hydro-mechanical fuel controls for T55 helicopter engines, and main fuel pumps for F124 fighter/trainer engine and HTF7000 business jet engines.
October 27, 2023 | 11:08 am
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Honeywell Aerospace, a division of Honeywell International Inc., has entered into a long-term agreement with Triumph Group for the manufacturing and maintenance of various components for its engine platforms.
The long-term agreement with Triumph Group will likely ensure a steady supply of key components for Honeywell's engine platforms, potentially improving operational efficiency and reducing costs. This could have a positive impact on Honeywell's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Triumph Group has signed a long-term agreement with Honeywell Aerospace to manufacture and maintain various components for multiple Honeywell engine platforms.
The long-term agreement with Honeywell Aerospace could provide a steady stream of revenue for Triumph Group and potentially improve its financial stability. This could have a positive impact on Triumph's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100