Honeywell to Provide Singapore Airlines With Wheels, Brakes Material For A380 (HON)

Honeywell (NYSE: HON) announced today that it will provide wheels and carbon brakes material for Singapore Airlines' Airbus A380 aircraft over 10 years.

"More than just providing predictable maintenance expenses, Singapore Airlines is benefiting from a lightweight wheels and brakes system," said Mike Madsen, vice president of Airlines, Honeywell Aerospace. "Titanium alloy reduces the overall weight compared to traditional materials, while other performance design improvements eliminate hardware for additional weight savings."

Honeywell will provide wheels and brakes materials for Singapore Airlines' current fleet of 11 A380s, as well as eight others on firm orders. The A380 Material Cost Per Aircraft Landing (MCPAL) agreement provides Singapore Airlines with the aftermarket support and consigned wheel and brake component parts required to maintain and operate their A380 wheels and brakes.

Do not miss these trading ideas!