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Hindustan Aeronautics signs contract worth over $100 million with Honeywell

27 Jul 2022 Evaluate

Hindustan Aeronautics (HAL) has signed a contract worth over $100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40). 

HAL has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF. There is potential requirement of 70 aircraft. The contract for the same with IAF is under advanced stage of approval.

Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.

Peers
Company Name CMP
Hindustan Aeronaut. 4614.95
Bharat Electronics 383.50
Aequs 274.90
Astra Microwave Prod 1623.70
Axiscades Tech. 2304.25
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