signed an agreement to serve as the primary avionics supplier for
in a deal valued at more than $1 billion over 10 years.
The agreement includes the Primus Epic avionics system and covers all models of Gulfstream business aviation aircraft.
Honeywell also said it received a contract to supply the main engines and avionics for
's new Hawker 450 light mid-size business jet. The contract is valued at $1 billion over the first 10 years of the agreement.
Honeywell's aerospace business had sales of about $9.9 billion for the year ended Dec. 31. Honeywell's sales totaled about $23.7 billion.
Separately, Gulfstream Aerospace, a unit of
, said it launched its next-generation jet, the Gulfstream V-SP. Gulfstream received an order from
for 20 of the jets. Including long-term maintenance, the deal is worth more than $800 million.