DUBAI AIR SHOW, U.A.E., Nov. 15, 2009 -- Honeywell (NYSE: HON) announced today that it will provide wheels and carbon brakes for British Airways’ Boeing 767 and 777 aircraft over the life of the fleet in a contract valued at more than $50 million.
“This program is one of the longest materials supply agreements we have ever entered,” said Mike Madsen, Vice President of Airlines, Honeywell Aerospace. “By extending coverage over the fleet’s lifetime and partnering with Honeywell as a preferred supplier, British Airways is securing low and predictable maintenance costs for their fleet.”
The contract calls for Honeywell to provide British Airways with wheels and brakes materials on 46 Boeing B777-200 and 16 B767-300 aircraft through their lifetime, up to 2033. British Airways will maintain the B777 and B767 wheels and brakes in its own recently built workshop near Heathrow Airport.
Honeywell’s carbon brakes provide 15 percent greater service life and, on the Boeing 767, a weight savings of 900 pounds per aircraft, than typical steel brakes. Designed to meet the increasing performance requirements of modern aircraft, Honeywell’s carbon heat sink materials, titanium braking components and patented anti-oxidant protection enhance brake durability and reliability. This improves dynamic landing performance and lengthens the service life of aircraft landing systems.
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.
