Potential Value of Programs is $1.5 Billion
Honeywell has been
selected by Boeing to supply two systems to the 7E7 Dreamliner. The
two systems are the Navigation (NAV) package, and the Crew
Information System/Management System (CIS/MS). Together, the
systems represent a potential total program value of $1.5 billion
for Honeywell over the life of the 7E7 program.
“We are excited about continuing our long relationship
with Boeing and being a part of this next generation of passenger
jet aircraft,” said Robert D. Johnson, President and CEO of
Honeywell Aerospace. “Boeing asked each bidder to bring new
ideas to the table, and Honeywell’s unmatched technology and
customer focus were the reasons we were selected to provide these
important avionics systems,” Johnson added. Honeywell
supplies major systems for the Boeing 717,737,757,767,777 and 747
passenger jet aircraft.
The Navigation (NAV) package includes the flight management
function, which manages navigation and aircraft performance. An
inertial reference system measures acceleration to determine
aircraft location by keeping track of its movements in flight. The
air data system measures such things as aircraft speed and
altitude. A multi-mode receiver houses global navigation as well as
conventional air navigation sensors that use ground navigation
aids.
Honeywell has a long-standing relationship with Boeing being
chosen for the 757/767/777 aircraft. The Crew Information
System/Maintenance System (CIS/MS) provides the aircraft operator
with the general health of major aircraft systems. Honeywell is the
provider of the successful Boeing 777 CIS/MS, and this award
enables a similar solution for the B7E7.
Honeywell also remains
a bidder on a number of 7E7 systems that have yet to be awarded by
Boeing. In addition, Honeywell anticipates participating on new
models of the 7E7, expects to be a major supplier of Buyer
Furnished Equipment, and believes that once the 7E7 enters service,
there will be service opportunities with operators. This is
consistent with one of Honeywell’s key strengths, recognized
as the most respected maintenance, repair and overhaul company in
the industry.
“When all the 7E7 work is decided, Honeywell is confident
we will have significant content on the Boeing 7E7
Dreamliner,” said Johnson. “It will be content that
matches our strategy and technology, that has favorable shareholder
return, and is focused on technical value differentiation,”
Johnson continued. “And don’t forget that this model
will be followed later by other model competitions with larger
additional volume fleets and where we currently have greater
shipset content.”
Johnson was also quick to point out that Honeywell expects to
supply technical products into other systems. “We will likely
be a supplier to the engine and other major mechanical subsystems
manufacturers selected by Boeing to be on the 7E7 team,”
Johnson added.