U.S. Vice President Recognizes Honeywell's Four-Decade Partnership With Indonesia's Aerospace Industry – Yahoo Finance

JAKARTA, Indonesia, April 21, 2017 /PRNewswire/ — Honeywell (NYSE: HON) today held a signing ceremony for the purchase of 34 engines from PT Dirgantara Indonesia during U.S. Vice President Mike Pence’s visit to Jakarta to meet with President Joko Widodo and Indonesian business leaders. The engine agreement is the largest aerospace contract between Honeywell and PT Dirgantara Indonesia to date, a testament to the strong, long-standing partnership that Honeywell has with Indonesia’s aerospace industry.

Honeywell will supply its TPE331 turboprop engines for PT Dirgantara Indonesia’s NC212i aircraft over the next four years and is expected to deliver the first six engines later this year, with the rest delivered through 2020.

Honeywell’s TPE331 turboprop engines will support PT Dirgantara Indonesia’s (PTDI) NC212i aircraft with faster takeoffs and climbs, and more efficient cruise speeds, while reducing fuel burn and related fuel and operating costs. In addition, as part of Honeywell’s strategy for high-growth regions like Indonesia, Honeywell will provide maintenance and support training for six PTDI engineers to promote line-maintenance skills for the TPE331 and transfer technical knowledge to locally based companies. Before this agreement, Honeywell was selected to supply 11 TPE331 engines for PTDI’s NC212-400 and NC212i fleet in 2015.

“Honeywell and PTDI have shared a long-term, mutually beneficial relationship for over 40 years, and we are optimistic that our partnership will continue to climb to greater heights. This is a testament to Indonesia’s strong and positive relations with the U.S.,” said Alex Pollack, president, Honeywell Indonesia. “Indonesia is a priority market and key high-growth region for Honeywell, and we are committed to empowering local companies like PTDI with technology and skills transfer as it expands its capabilities across the region. Our cooperation with PTDI keeps getting better every year. It is a mutual, synergistic partnership that has led to the delivery

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