US aerospace products giant Honeywell [Get Quote] International is raising its pitch to re-engine the Indian Air Force's Jaguar aircraft with its F125IN turbofan engine.

"Improved propulsion and enhanced safety features in the engine can save the IAF more than Rs 7,000 crore in lifecycle costs compared to the other options being considered," senior company officials claimed in a meeting with reporters before the Aero India 2009 in Bangalore on Tuesday.

Ahead of an RFP to be issued by the IAF before awarding the Jaguar re-engining contract sometime next year, Honeywell officials took pains to reiterate that the F125N was a clear winner against competitor Rolls Royce's Adour engine.

Honeywell demostrated the engine at the HAL campus in Bangalore in November 2007.

The company runs technology centres out of Bangalore, Hyderabad and Madurai with automation and control systems design for the aviation sector carried out of Gurgaon, Pune and Chennai. Phoenix, Texas-based Honeywell expects annual revenues from its Indian operations to almost double to $1 billion in the next three years from $500 million - $600 million presently.