GKN Aerospace has won a lifetime contract expected to be worth over $750m (£376m) with Honeywell Engines for nacelle systems for the HTF7000 series business jet turbofan engine.
GKN Aerospace CEO Marcus Bryson said: “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 $1 billion.”
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 said that working closely with Honeywell GKN’s engineering team had designed the nacelle 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,” he went on.
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 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.