PHOENIX (AP) -- Honeywell International Inc. said Wednesday it sold Britain's defense ministry helicopter equipment valued at $185 million to retrofit their fleet of Chinook helicopters used in Afghanistan.
The defense ministry will purchase the Honeywell 55-L-714A engine and spares. The upgraded engine increases power by 17 percent, increases intervals between maintenance work and reduces fuel consumption by nearly 5 percent, Honeywell said.
The Chinook is a heavy-lift transport helicopter that primarily moves troops, artillery, ammunition, fuel, water and equipment on the battlefield. It’s also used for medical evacuation, disaster relief and search and rescue.
The defense ministry will acquire the new helicopter engines in the next five years.
Honeywell shares rose 53 cents to $35.95 in morning trading.