Honeywell Wins Five-Year, $125 Million Contract With U.S. Army

PHOENIX, Oct. 5 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) Technology Solutions Inc. (HTSI) announced today that it has won a five-year contract with the U.S. Army Prepositioned Stocks-3 (APS-3) Afloat Program, which ensures Army ships are stocked and available for deployment to combat zones.

The contract is valued at $125 million over five years if all options are exercised.

"Honeywell's combined experience and performance record with the Army and the U.S. Marine Corps in logistics management are proof the services see our contribution to their mission as critical," said Vince Trim, President, HTSI. "Honeywell will provide the Army logistics and maintenance services for combat equipment and supplies as well as manage inventory, service, maintain, repair and upgrade the equipment and supplies headed for combat operations."

In June, Honeywell announced a 10-year contract with the U.S. Marine Corps for Prepositioning and Logistics Support Services, valued at $700 million if all options are exercised.

Based in Phoenix, Arizona, Honeywell's aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

SOURCE Honeywell