PHOENIX, Oct. 23, 2012 /PRNewswire/ -- Honeywell (NYSE: HON) has been awarded two contracts worth a combined $221 million to continue its highly successful support of the U.S. Army's M1 Abrams main battle tank program.
Honeywell's AGT1500 vehicular gas turbine engine is the proven power source for the M1 Abrams and provides the tank with superior power and torque, low noise, and smokeless operation, contributing to the tank's unmatched combat performance.
The first contract is a $111 million, 18-month follow-on agreement through December 2013 for continuation of the Total InteGrated Engine Revitalization (TIGER) program, a collaboration between Honeywell, the U.S. Army's Abrams Project Management Office, the Army's Tank-automotive and Armaments Command (TACOM), and the Anniston Army Depot (ANAD). This contract continues to leverage Honeywell's expertise in maintenance and product improvement for the AGT1500 M1 Abrams engine to extend operational life and reduce life-cycle costs for the Abrams tank.
The second contract is valued at $110 million for the production of 125 new Honeywell AGT1500 engines from September 2012 through October 2015. This contract extends Honeywell's relationship with ANAD in Alabama where new AGT1500 engines are assembled and tested.
What is the TIGER program?
Honeywell's TIGER program provides comprehensive maintenance and continuous improvements to the battle-proven AGT1500 engine, which results in enhanced durability and lower operational costs for Abrams tank operators. Since the inception of the TIGER program in 2005, the Abrams fleet of tanks has seen improvements in the following areas:
- Twice the durability of pre-TIGER engines
- Significantly improved on-time parts delivery to the TIGER warehouse at the Anniston Army Depot
- Depot cost avoidance savings through a disciplined approach to repairing engines in the field when possible, rather than sending all engines back to the depot
- Significantly reduced life-cycle costs due to online, visual work instructions, easily accessible electronic records of assembly and maintenance, and application of tailored repair work scopes based on engine condition
- Tom Davis, vice president, Honeywell, U.S. Army Programs
"Honeywell's integrated approach to support for the Abrams fleet of tanks incorporates demand and supplier management, product support, and condition-based maintenance to reduce our customers' life-cycle costs. When combined with the Department of Defense's significant investment in infrastructure and its hands-on repair and overhaul experience, the Honeywell and Army enterprise team delivers higher-quality, more reliable AGT1500 engines for the U.S. Army, Marine Corps and international customers."
Based in Phoenix, Arizona, 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.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
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