Honeywell to Repair, Overhaul Auxiliary Power Units for 27 Aircraft

SINGAPORE, Feb. 2, 2010 -- Honeywell (NYSE: HON) announced today that it has extended an agreement with Vietnam Airlines to provide Auxiliary Power Unit (APU) repair and overhaul services for its fleet of 27 aircraft for three more years. Terms of the agreement were not disclosed.

“The agreement provides Vietnam with consistent, predictable expenses over the next three years,” said Mike Madsen, vice president of Airlines at Honeywell Aerospace. “Honeywell’s service centers will allow Vietnam to concentrate on flying while customers enjoy the comfort and dispatch reliability that Honeywell APUs provide.”

The agreement covers 36-300, 331-350, 36-150RR and 331-500 APUs on two Fokker 70s, ten Airbus A320s, five Airbus A330s and ten Boeing 777s.

Honeywell's aftermarket service programs provide a comprehensive range of cost-effective maintenance and asset availability solutions to support airline operations throughout the life span of the aircraft. From service agreements and innovative repairs to logistics and parts availability programs, solutions are focused on solving airlines’ specific challenges. Honeywell’s wide range of support services can also be customized to create cost-effective packaged solutions that allow airlines to better manage and predict maintenance spending, asset requirements and repair needs, while lowering operating expenses with a reduced total cost of ownership.

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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