Honeywell Mechanical Parts Selected by ST Aerospace

PHOENIX , Oct. 21 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced today that it has signed a five-year agreement with ST Aerospace Systems Pte Ltd (STA Systems) to provide mechanical piece parts. The agreement is potentially worth U.S. $30 million for parts purchased.

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Under this agreement, Honeywell will supply STA Systems parts for Honeywell mechanical equipment installed on various platforms including Boeing B737, B747, B757, B767 and legacy platforms. This latest arrangement with Honeywell will allow STA Systems to extend its range of capabilities by providing Honeywell component repair and overhaul to all their customers.

In February 2008 , Honeywell announced a five-year agreement with ST Aerospace to provide maintenance on a wide range of Honeywell avionics systems and mechanical components installed on Boeing 737, Airbus A320 and selected legacy aircraft.

"The relationship between the two companies continues to expand, reflective of the growth of the aerospace industry in the region," said Mike Madsen , Honeywell Vice President of Airlines. "Under this agreement, Honeywell will provide ST Aerospace the materials and support they need to grow their full-service operation in support of their global clientele."

Honeywell's aftermarket service programs provide a comprehensive range of cost-effective maintenance and asset availability solutions to support operations throughout the life span of the aircraft. From service agreements and repairs to logistics and parts availability programs, Honeywell's solutions can be customized to create cost-effective packaged solutions that allow organizations to better manage and predict maintenance spending, asset requirements and repair needs.

Honeywell International is a $38 billion 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 additional information, please visit http://www.honeywell.com. 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.

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

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