Author: Nichols Martin|| Date Published: February 22, 2019
Honeywell (NYSE: HON) has won a potential eight-year, $150M contract to develop an aircraft technology under the first phase of the U.S. Air Force’s Advanced Turbine Technologies for Affordable Mission-Capability program.
The Department of Defense said Thursday the company’s aerospace business will perform work in Phoenix, Ariz., and is expected to finish by Feb. 20, 2027.
Fifty-four offers were submitted to the Air Force Research Laboratory for the contract via a competitive acquisition process.
USAF will obligate $340K on the first task order from its fiscal 2018 and fiscal 2019 research, development, test and evaluation funds.
The service previously awarded ATTAM Phase I contracts to Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), GE Aviation, Pratt & Whitney and Rolls-Royce.
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Honeywell (NYSE: HON) has won a potential eight-year, $150M contract to develop an aircraft technology under the first phase of the U.S. Air Force’s Advanced Turbine Technologies for Affordable Mission-Capability program.
