BWI: Samtel Receives $ 5.1 Million Order from Honeywell for Avionics Equipment

Press release from Business Wire India
Source: Samtel Avionics & Defence Systems
Tuesday, August 21, 2012 10:22 AM IST (04:52 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Defence & security, Electronic appliances & components; Technology
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Samtel Receives $ 5.1 Million Order from Honeywell for Avionics Equipment
Equipment Meant for Aircraft in US

New Delhi, Delhi, India, Tuesday, August 21, 2012 -- (Business Wire India) -- -- Signifies Samtel's entry into commercial aerospace segment.

-- Samtel is the sole source worldwide to produce this particular component for Honeywell.

Samtel Avionics & Defence Systems (SA) is pleased to announce that it has received an order to manufacture avionics equipment for Honeywell. The value of the order is $ 5.1 M. Samtel and Honeywell have signed a long term contract for supply of the component to Honeywell -- a continuation of a previous purchase order that Samtel had received from Honeywell in 2010. Samtel, since then, has become an approved supplier for Honeywell worldwide for this equipment, meant for aircraft in the US. The production of this equipment is to begin shortly at Samtel Avionics' new production facility at Greater Noida.

Samtel and Honeywell have been working together for the last five years since the first contract for Color Avionics Tubes was signed between Samtel and Honeywell. Samtel is also in discussion with Honeywell for multiple display programs, and expects to get more business with the total potential value reaching upto
$100 Million over the next 5-7 years.

With this deal, Samtel has taken a concrete step towards manufacturing of advanced avionics equipment for commercial platforms, after proving its mettle in the military aerospace segment. Multifunction Displays manufactured by Samtel - through its JV with HAL - are already being inducted on Block III & IV Su-30 MKI aircraft being manufactured by HAL. The deal is also in tandem with US government's thrust to boost trade ties between India and the US. In his recent visit to India, US Deputy Secretary of Defence had emphasised their keenness to grow strategic partnerships with Indian industry.

Commenting on this order, Mr. Puneet Kaura, Executive Director, Samtel Avionics & Defence Systems said, "Samtel and Honeywell have had a successful relationship in the Avionics space and we are happy to take this relationship to the next level. Samtel is now poised to become India's First Complete Avionics Firm in the private domain, and our partnerships with global giants such as Honeywell will help us cement our position."

About Samtel Avionics & Defence Systems

Samtel Avionics & Defence Systems (SA) is a key Indian player in high-technology products for avionics and military applications in both domestic and international markets. SA straddles the entire value chain from design, development, manufacture, testing, qualification, repair & maintenance and obsolescence management of avionics products and equipment for military as well as commercial platforms. The company operates in the domains of Displays, Built-to-Print for Avionics LRUs and Opto-electronics. Visit www.samtelavionics.com for details.



CONTACT DETAILS
Manisha Madan, Head - Corporate Communications, Samtel Avionics & Defence Systems, +91 9871801115, manishamadan@samtelgroup.com

KEYWORDS
CONSUMER, PEOPLE, BUSINESS SERVICES, DEFENCE, ELECTRONICS, TECHNOLOGY

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