Honeywell Bags $103Mntract From US Army, Through Defense Logistics Agency, To Provide Its Next-generation APN-209 Radar Altimeter System On Wide Variety Of Army Aircraft
Portfolio Pulse from Benzinga Newsdesk
Honeywell has secured a $103 million contract from the US Army, facilitated by the Defense Logistics Agency, to supply its next-generation APN-209 radar altimeter system for various Army aircraft.
October 14, 2024 | 12:02 pm
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Honeywell has been awarded a $103 million contract by the US Army to provide its APN-209 radar altimeter system, indicating a positive impact on its defense segment revenues.
The $103 million contract is a significant addition to Honeywell's defense portfolio, likely boosting its revenues and market position in the defense sector. The contract's size and the involvement of the US Army suggest a strong positive impact on Honeywell's short-term financial performance.
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