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US Army selects ATEC to design helicopter engine for Black Hawk, Apache fleets.

M2 EQUITYBITES-August 24, 2016-US Army selects ATEC to design helicopter engine for Black Hawk, Apache fleets

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The US Army has announced that the Advanced Turbine Engine Company (ATEC), a joint venture of Honeywell and Pratt & Whitney, has been awarded a contract for preliminary design review of a new engine for the Army's fleet of Black Hawk and Apache helicopters, the company said.

The two-year contract, part of the Army's improved turbine engine (ITE) program, will support the design of an advanced 3,000 shaft horsepower turbine engine--ATEC's HPW3000.

The Army's development schedule for the engine program calls for the service to select from competing preliminary engine designs in 2018 and then proceed with a sole engine developer.

The ATEC joint venture of Honeywell (NYSE: HON) and Pratt & Whitney, a division of United Technologies Corporation (NYSE: UTX), brings together the engineering, manufacturing and production capabilities of two companies that can accomplish the goals of the Army's ITE program.

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Publication:M2 EquityBites (EQB)
Date:Aug 24, 2016
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