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Honeywell Receives Third Option On Abrams TIGER Program

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Honeywell [HON] said it has been awarded a $311 million third option year of an Army contract to improve performance and extend the life of the AGT1500 turbine engine that powers the M1 Abrams tactical vehicle. The addition of the third option year raises the total contract value to more than $1 billion. "Honeywell's Total InteGrated Engine Revitalization program--TIGER--is an innovative partnering of public and private efforts," Mike Cuff, vice president, Helicopters & Surface Systems, said June 2. "Teaming with…

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