Norway expects to spend 9.8% more on defence in 2023, although the pace of investment in new equipment will be slower than in 2022.
Honeywell's Most Fuel-Efficient APU Selected By China Eastern Airlines For Their A320 Fleet
Honeywell (NYSE: HON) announced today that its newest fuel-saving Auxiliary Power Unit (APU) has been selected to provide air conditioning, main engine starting and electrical power for China Eastern Airlines' recent order of 30 Airbus A320 aircraft.
Terms of the agreement were not disclosed.
Honeywell also secured a maintenance agreement with China Eastern to service the APUs. This 10-year contract covers the airline's added A320 single-aisle planes, scheduled for delivery over the next three years.
"Technology incorporated into Honeywell's APU reduces fuel consumption by more than 5 percent, reducing emissions and total cost of ownership over other APUs in the field," said Mike Madsen, Honeywell Aerospace Vice President of Airlines. "These benefits are expected provide China Eastern more than $300,000 per year in fuel savings."
Honeywell's 131-9A APU originally entered service in 1998 and is in use on more than 1,400 aircraft by 90 customers.
Honeywell's aftermarket service programs provide a comprehensive range of maintenance and asset availability solutions to support airline operations throughout the life span of the aircraft. Honeywell's wide ranging maintenance services can also be customized to create specific solutions that allow airlines to better manage and predict maintenance spending, asset requirements and repair needs, while lowering operating expenses with a reduced total cost of ownership.
Honeywell International is a $38 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit www.honeywell.com.
Based in Phoenix, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
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