Honeywell Awarded $181 Million Navy Contract For Performance Based Logistics And Maintenance Program On Global Aircraft Fleet
Honeywell (NYSE: HON) has been awarded a follow-on five-year contract, worth $181 million, from the NAVSUP Weapon Systems Support (WSS) to provide logistics support for auxiliary power units (APUs) for F/A-18 A-G (including F/A-18 Australian F/G models), P-3, C-2, as well as F/A-18 main fuel controls (MFC) and the P-3 engine-driven compressor (EDC).
Honeywell, under Public-Private Partnership (P3 ) with the depot workforce at the U.S. Navy's Fleet Readiness Center-East at Cherry Point, N.C., and FRC-Southeast Jacksonville, Fla., has supported multiple products, including APUs, on Navy applications for NAVSUP WSS via a unique Performance-Based Logistics (PBL) program since 2000. Since the program's inception, military operators have enjoyed marked improvement in logistics support including $50 million in savings through:
Sustained 97 percent or greater on-time delivery of products to the field Significantly increased time on wing for all products, with improved overall platform availability Elimination of intermediate-level aircraft maintenance tasks due to improved reliability and service implementation Utilization of highly skilled FRC depot artisans Introduction of new component repairs and sharing of commercial repair practices, thereby improving depot productivity and reducing consumption of new material On-site Honeywell technical and materials management support at depot, resulting in improved materials management processes and reduction of on-hand Defense Logistics Agency inventory
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.