Jeju Air Will Replace Wheels and Brakes on Boeing 737 Aircraft

SINGAPORE, Feb. 2, 2010 -- Honeywell (NYSE: HON) announced today that Jeju Air will replace the wheels and brakes on its Boeing 737 aircraft with Honeywell wheels and steel brakes. The terms of the contract were not disclosed.

“The Honeywell wheels and brakes solution will reduce Jeju Air’s operating costs and increase reliability and performance,” said Mike Madsen, vice president of Airlines at Honeywell Aerospace. “Honeywell Cerametalix® brakes have been selected by more than 100 airlines for their low operational costs, high reliability, and worldwide service and support.”

Honeywell’s Cerametalix brakes and wheels average three million landings a year, and are particularly well suited for quick-turn applications due to their superior heat rejection capability.

As part of the agreement, Honeywell will provide spares to Jeju Air for up to 15 Boeing 737 aircraft. Deliveries started in late 2009.

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.

Media Contact:
Karen Crabtree
602-365-5255
karen.crabtree@honeywell.com
Honeywell Aerospace Media Center
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