CHARLOTTE, N.C. - Honeywell in Charlotte, N.C. announced the signing of a strategic agreement with Montreal's Bombardier to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion, and satellite communications technologies. Honeywell estimates the value of this partnership to the company at $17 billion over its life.
"This is a tremendous opportunity to co-innovate and advance next-generation technologies, including Anthem avionics and engines," said Vimal Kapur, Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition."
"This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel, President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them."
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Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide adaptability to specific mission requirements, enabling situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability, and maintainability, led by the next-generation model of Honeywell's HTF7K engine.
"Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier, President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation."
As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger aircraft families for new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next-generation L-Band satellite communications products and antennas that will provide future safety services capabilities.
