Honeywell eyes boost from jet project
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Honeywell International Inc said yesterday it had signed a memorandum of understanding with Aviation Industry Corp of China to strengthen cooperation and take part in the bidding for the components for the first China-made jumbo jet.
The company is now bidding for six projects concerned with the C919 model, as the first large passenger jet is known, by joint-design and joint-manufacture with local companies.
Subsidiaries of AVIC will be involved in the process of aeroplane system design and manufacturing.
The Commercial Aircraft Corporation of China Ltd, or COMAC, the manufacturer of the aircraft, will choose suppliers of engines, airborne equipment and materials through international bidding.
The 190-seat jumbo jet is part of the country's aim to become a world-class aircraft producer with a series of globally competitive products and is set to make its maiden flight in 2014.
"We expect our income from the aerospace industry sector to see significant growth in the next four to five years with the country's commitment to produce home-made aeroplanes," said Shane Tedjarati, Honeywell's chief executive for China and India.
The aerospace sector contributes 15 to 20 percent of its total revenue in China, which stood at US$1.4 billion in 2008 and is expected to grow slightly this year.
The US-based company has set up a Honeywell China Aerospace Academy to train employees from domestic airplane manufacturers. "We hope to deliver competitive products for the C919 model through our cooperation with Honeywell," said COMAC Chairman Zhang Qingwei.
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