ITP AERO and Honeywell reach new agreement for aircraft engine overhaul

New service will improve turnaround times and enable European operators to perform local repairs

Honeywell (NASDAQ: HON) and ITP Aero, a world leader in aircraft propulsion, have announced plans to establish a new authorised maintenance facility for Honeywell’s F124-GA-200 aircraft engines.

The ITP Aero facility will be an authorised maintenance, repair and overhaul (MRO) centre for International Turbine Engine Company (ITEC), a joint venture between Honeywell Aerospace Technologies and Aerospace Industrial Development Corporation (AIDC). The agreement reinforces Honeywell’s positioning in line with the recovery of the aerospace market by providing advanced technological support to increase efficiency and enhance its operations.

This first European centre for Honeywell’s F124-GA-200 engine will be operational by the end of 2024 and will offer local overhaul capabilities to more than 150 engines in the region. It will provide operators with faster repair times, as engines will be transported and repaired locally. This will be Honeywell’s third maintenance centre for the support of F124-GA-200 engines, alongside other centres located in Phoenix and Taiwan.

“These engines have been the backbone of numerous air forces around the world,” said John Head, vice president and general manager, Engines and Power Systems, Honeywell Aerospace Technologies. “What sets this engine apart is its modular design, ease of maintenance and remarkable power-to-weight ratio. We are pleased to open this new maintenance centre to better serve our customers.”

Alvaro Santodomingo, CEO of ITP Aero’s defence business unit, said, “This is an exciting milestone for us to add to our long-standing partnership with Honeywell. This agreement is part of our global growth plans, expanding our MRO capabilities and service offerings and developing new solutions to meet the evolving needs of the market and our customers.”