Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Honeywell Provides Cost-Saving Logistics Support For U.S. Air Force F-15 Fleet

Stock quotes in this article: HON 

PHOENIX, Nov. 14, 2012 /PRNewswire/ -- Honeywell (NYSE: HON) has been awarded a contract modification from the U.S. Air Force to provide depot maintenance support for the F-15's secondary power system (SPS). Work will be performed under Public-Private Partnership (P 3) with the Hill Air Force Base Depot Workforce in Utah through January 2020.

(Logo: http://photos.prnewswire.com/prnh/20080425/LAF040LOGO)

Installed on every F-15 worldwide, the SPS provides two main functions: power for engine starting and power to aircraft accessories once the engines are self-sustaining. The SPS consists of the Jet Fuel Starter (JFS), two hydraulic accumulators, a central gearbox (CGB) and left/right Airframe Mounted Accessory Drives (AMADs).

F-15 Program Benefits

Honeywell's logistics support introduces commercial repair practices at the depot to help reduce repair costs and improve depot productivity on the SPS. Honeywell's performance-based logistics (PBL) programs have historically shown significant reduction in repair costs for both commercial and military systems, enabling:

  • Improved availability and reliability
  • Lower maintenance cost
  • Lower inventory
  • Improved first-pass yield (acceptance test rate) of repaired units
  • Improved OEM technical support at the depot via on-site Field Service Engineering
  • Development of new repairs and sharing of commercial repair practices
  • Improved organic depot repair capability using industry-leading Lean processes to reduce inventory and improve repair turnaround
  • Increased system and component time-on-wing, enabling improved overall platform availability

This contract represents a potential value of up to $355 million through January 2020. The contract amendment, known as Secondary Power Logistics Solution (SPLS)-II, is an extension of the existing Air Force SPLS-I contract signed in 2007 to provide depot-level logistics services and maintenance for SPS components on the B-2 Spirit stealth bomber, C-130 Hercules transport and ground carts.

Supporting Quote

  • Brian Sill, Vice President of Defense Americas Aftermarket, Defense & Space, Honeywell Aerospace "We're focused on ensuring the ongoing operational readiness of the Air Force F-15 fleet. This contract will enable a higher level of performance, reliability and logistics support for this vital aircraft fleet serving American and foreign militaries around the world."

Supporting Resources

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.

Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2012 Honeywell.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,307.17 -80.41 -0.52%
NASDAQ 3,463.30 -38.82 -1.11%
S&P 500 1,655.35 -13.81 -0.83%
US 10 Yr 2.026% +0.082

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs