Honeywell expects to more than double the fleet of HTF7000 engines over the next decade as it seeks to develop a next-generation successor for the 2030s.
On top of the committed corporate capital, the fund has raised nearly $500,000 from United customers through contributions made during the booking process.
Two-thirds of Europe’s Clean Aviation research projects are focused on more sustainable advanced propulsion technologies for service entry in the mid-2030s.
Honeywell plans to expand its Olathe, Kansas, facility under an $84 million project for the production of avionics and printed circuit-board assemblies.