22nd Jul 2008 10:05
22.07.08
GKN Aerospace wins USD750m contract with Honeywell for engine nacelles
GKN Aerospace has won a lifetime contract expected to be worth over USD750m with Honeywell Engines for nacelle systems for the HTF7000 series business jet turbofan engine.
Marcus Bryson, Chief Executive Officer, GKN Aerospace comments: "This is the latest of three major contracts now won for this highly successful nacelle system - to equip three separate business aircraft. We are confident the total value of this work with Honeywell will well exceed USD1bn."
This latest contract covers the design adaptation of the nacelle, its manufacture and full integration with the engine, with GKN Aerospace delivering the complete HTF7500E propulsion system podded into the nacelle direct to the customer's assembly line. Work will largely be carried out at the Company's Cowes, Isle of Wight facility in the UK.
Bryson continues: "Working closely with Honeywell our engineering team designed this nacelle from the outset to be adaptable and multi-application, combining proven performance with reduced design and development costs and swift availability. Its independent selection now for three separate aircraft is confirmation of the success in operation of the team's innovative design philosophy."
GKN Aerospace also supplies this nacelle system to Honeywell for the Bombardier CL300. More than 215 of these business jets have now been delivered to operators worldwide and the nacelle has demonstrated excellent performance. The second application, secured in the last year, is now completing design and entering the production phase with deliveries commencing later this year
This latest contract covers the design adaptation, certification, test and supply of the system which includes the engine inlet, fan cowl doors, thrust reverser and engine build unit (EBU) components. First delivery of test hardware is scheduled to take place late next year with production deliveries commencing in 2012. Deliveries are forecast to continue beyond 2027.
GKN Aerospace is the aerospace operation of GKN plc (LSE:GKN), one of the world's largest engineering companies. GKN Aerospace serves a global customer base with some 8500 personnel operating in North and South America, Australia, the Asia Pacific and Europe and offering 24 hour 'follow the sun' engineering. With sales of £1bn ($2bn), the business is focused around three major product areas - aerostructures, propulsion systems and transparencies, plus a number of specialist product areas - electro-thermal ice protection, fuel and flotation systems, and bullet resistant glass. The business is equally split along military and civil lines with participation on all major aircraft programmes today exceeding $1m per ship set. GKN Aerospace is a major supplier of complex composite structures; offers one of the most comprehensive capabilities in high performance metallics processing and is the world leading supplier of cockpit transparencies and passenger cabin windows. For further information, please contact: -
Sandra Fearon, Public Affairs Manager
GKN Aerospace
TEL: +44 (0)1983 283649
Mobile: +44 (0)7767 334804
Email: [email protected]
Press releases can also be found on the website: www.gknaerospace.com
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