PTC Industries Signs Long-Term Deal with Honeywell Aerospace
Filing Summary
PTC Industries Limited, through its subsidiary Aerolloy Technologies Limited, has entered into a long-term agreement with Honeywell Aerospace Technologies. The agreement involves the supply of Titanium and Superalloy precision investment castings for various aerospace applications, including critical aero-engine components. Aerolloy will utilize its integrated manufacturing capabilities to fulfill the contract, ensuring traceability and quality control. This agreement is expected to provide stable revenue visibility for Aerolloy. The collaboration highlights India’s growing role in the aerospace supply chain and supports Honeywell’s global operations.
PTC Industries Limited, via its wholly owned subsidiary Aerolloy Technologies Limited, has signed a long-term agreement with Honeywell Aerospace Technologies. The agreement involves the supply of Titanium and Superalloy precision investment castings for a wide range of aerospace applications, including critical aero-engine components. This collaboration aims to leverage Aerolloy’s integrated manufacturing capabilities to meet Honeywell’s global aerospace program requirements.
The financial terms of the agreement have not been disclosed in the filing. However, the agreement is structured to provide long-term revenue visibility for Aerolloy. The dedicated production capacity for Honeywell programs is expected to ensure stable revenue streams for the duration of the contract. The agreement underscores the strategic importance of Aerolloy’s manufacturing capabilities in supporting Honeywell’s supply chain.
The scope of the agreement includes the production of high-integrity Titanium and Superalloy castings using a vertically integrated process chain. This process encompasses the manufacture of Titanium and Superalloy materials, alloy melting, material processing, and precision investment casting. All operations will be conducted within a single, fully integrated facility at the Strategic Manufacturing Technology Centre in Uttar Pradesh. This setup provides Honeywell with traceability, quality control, supply chain resilience, and reduced supply chain risk.
The agreement highlights India’s position as a supplier of high-value aerospace hardware. It demonstrates India’s readiness to supply complex, high-value aerospace components to global OEMs. The collaboration enhances PTC and Aerolloy’s reputation as suppliers for next-generation aerospace platforms. The agreement is part of PTC Industries’ strategy to build a world-class, end-to-end manufacturing ecosystem for advanced Titanium and Superalloy components.
The timeline for the implementation of the agreement has not been specified in the filing. However, the agreement is described as long-term, indicating a multi-year engagement. The involved entities include PTC Industries, Aerolloy Technologies Limited, and Honeywell Aerospace Technologies. The production will take place at the Strategic Manufacturing Technology Centre in Uttar Pradesh.
Honeywell Aerospace Technologies is a global leader in the aerospace industry, providing a wide range of products and services for commercial, defense, and space applications. The company focuses on enhancing operational efficiency and safety through innovative technologies and solutions.
PTC Industries Limited specializes in the manufacture of precision metal components for critical applications. Through its subsidiary Aerolloy Technologies Limited, PTC manufactures and supplies Titanium and Superalloy castings for aerospace and defense applications. The company is investing in a fully integrated Titanium and Superalloy manufacturing complex in the Uttar Pradesh Defence Industrial Corridor, aiming to create one of the world’s most advanced ecosystems for strategic materials and components.