EP Multibagger Stock - Jun 2026
gift nifty image banner
Want a perfect stocks portfolio for 2026? Create Now
BUSINESS

HAL Signs $100-Mn Deal With Honeywell for Trainer Engines

US engine maker Honeywell has signed a contract with Hindustan Aeronautics Ltd (HAL) of $100 million for 88 engines to power the indigenous Hindustan Turbo Trainer 40 (HTT-40), on which Army, Navy and Indian Air Force (IAF) in which pilots will learn to fly the first time.

โ€œHAL signed a contract worth over $100 million for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the HTT-40,โ€ stated a Ministry of Defence (MoD) press announcement on Wednesday.

โ€œHAL has successfully developed Basic Trainer Aircraft (HTT-40) to address the basic training requirements of the IAF. There is a potential requirement of 70 aircraft. The contract with IAF is under advanced approval,โ€ said R Madhavan, HALโ€™s Chairman and Managing Director.

HAL has proven a point against a sceptical IAF in which HTT-40 has blocked the development funding and demanded that the expensive Pilatus PC-7 Mark-II Swiss trainer be imported and the HTT-40 programme scuttled.

โ€œThere is no need for [the HTT-40 trainer],โ€ IAF boss Air Chief Marshal NAK Browne said dismissively at the Aero India show in February 2013.

โ€œWe have the Pilatus PC-7. Itโ€™s a proven aircraft. The project HAL plan is from scratch. We indicate that the cost will be too high. There is no need for all this.โ€

Click here to check market prediction for next trading session.




๐Ÿ“ฐ
News
๐Ÿ“ˆ
Prediction
๐Ÿ“Š
FII / DII
๐Ÿ’ผ
Portfolio 2026