Honeywell and LOM PRAHA Announce Teaming Agreement for Helicopter Maintenance Services
PHOENIX, Sept. 5, 2008 – (NYSE: HON), Honeywell announced today that it has entered into a teaming agreement with LOM PRAHA s.p. of the Czech Republic to provide platform logistics – helicopter overhaul and maintenance, inspections, parts supply chain management, pilot training, and aftermarket services.
“Honeywell and LOM PRAHA have forged a new agreement to offer helicopter operators an extensive line of critical aircraft services,” said Paolo Carmassi, Honeywell Aerospace President, Europe, the Middle East, Africa and India. “With the finalization of this agreement, we create a strategic relationship to offer a full range of services for the Mi-8/Mi-17 helicopters.
“It was a strategic benefit to find a local partner with the full range of expertise and long history in the helicopter maintenance business,” Carmassi said. “The primary objective of the contract is to service Russian helicopters Mi-8/Mi-17 by providing operators with total logistic support for passenger, cargo, search and rescue, and other critical missions.”
More than 12,000 Mi-8/Mi-17 turboshaft multi-mission helicopters have been delivered throughout the world. The teaming agreement further completes the Honeywell portfolio of service offerings on the Mi-17 and complements our existing product portfolio and technologies that have been installed on many helicopters around the world.”
“Our mutual interest is to provide the customers with the high quality and prompt service. We are certain our long term cooperation will bring a mutual exchange of ideas and best industry practices and opens for us new business opportunities.” said Jindøich Ploch, CSc, Chief Executive Officer, LOM PRAHA.
Honeywell is a $38 billion global diversified technology and manufacturing leader. Over $9 billion of the company’s revenue is generated by its businesses in the Europe, Middle East and Africa region. Honeywell opened its first office outside of the U.S. in The Netherlands in 1934. Honeywell operates in over 35 countries in the EMEA region and employs more than 30 000 people. Honeywell’s presence has grown and continues to expand through acquisitions and by building on its great position in good industries, offering innovations to our customers worldwide. Each of our businesses - Aerospace, Automation and Control Solutions, Transportation Systems, and Specialty Materials – are engaged in manufacturing, sales and services across the region to serve global customers. Honeywell also invests in R&D across the region with global engineering and innovation centers in Romania and the Czech Republic. Today there are over 2,700 Honeywell employees working in the Czech Republic engaged with aerospace, automation and transportation businesses. More than half from this count is employed in Brno. Honeywell International is 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 www.honeywell.com.