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Who has signed a contract worth over $100 million with Honeywell for HTT-40 engine?
National Aerospace Laboratories(NAL)
Hindustan Aeronautics Limited(HAL)

Correct Answer : Option (D) - Hindustan Aeronautics Limited(HAL)

Hindustan Aeronautics Limited (HAL) on Wednesday(27th july 2022) signed a contract worth over USD 100 million with Honeywell for the supply and manufacture of 88 TPE331-12B engines/kits along with the maintenance and support services to power the Hindustan Trainer Aircraft (HTT-40).
The contract was exchanged by Senior Director of OE Sales (Honeywell Defense and Space), Eric Walters, and Executive Director (E & IMGT) B Krishna Kumar, here in the presence of Chairman and Managing Director (CMD) of HAL, R Madhavan.
HAL has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the Indian Air Force (IAF). There is a potential requirement of 70 aircraft. The contract for the same with IAF is under advanced stage of approval,” said CMD Madhavan..

Source : The Print

Published On : July 29, 2022
Category : Business and Economics