April 10, 2008 -- Honeywell International Inc. has won its biggest business jet engine order, beating two rivals for a $23 billion contract from Empresa Brasileira de Aeronautica SA. Honeywell will build engines for two new models of Embraer planes over the next decade, the companies said.
The contract is the Brazilian company's first engine order with New Jersey-based Honeywell and includes repair parts and services. Embraer said that it will spend $750 million to develop the two business jets. The MSJ and MSL model (above) will seat seven to 12 people and are targeted to begin flying in the second half of 2012. Embraer is the second business jet maker to use Honeywell's engine; about 360 of the turbofan engines are in service in Bombardier Inc.'s Challenger 300.
Abstracted from The Toronto Star
