RNS Number:2809F
Honeywell International Inc (IRS)
14 June 2001

( BW)(NJ-HONEYWELL)(HON) Honeywell Comments On GE's European
Regulatory Filing



   Business Editors



   MORRIS TOWNSHIP, N.J.--(BUSINESS WIRE)--June 14, 2001--Honeywell

(NYSE: HON) today said that it fully supports the filing made by

General Electric (NYSE: GE) with the European Commission related to

the proposed GE/Honeywell merger.

   "We believe the GE filing is fully responsive to the substance of

the issues raised by the European Commission," said Michael R.

Bonsignore, Honeywell's Chairman and CEO. "We remain committed to the

merger and will continue to support GE in its efforts to obtain

European regulatory approval."

   "While continuing to support the merger, we have a comprehensive

contingency plan in place if we must move forward as an independent

company," Bonsignore said. "Honeywell remains a fundamentally strong,

$25 billion global company with a promising future, strong financial

performance, and world-class franchises in aerospace, automation,

specialty materials and automotive markets."

   Since the announcement of the GE/Honeywell merger, Honeywell has

been engaged in an aggressive restructuring that has reduced annual

expenses by approximately $600 million, strengthened its balance sheet

and reduced worldwide headcount by 10%, making the company more

competitive and flexible.



   Honeywell is a US$25-billion diversified technology and

manufacturing leader, serving customers worldwide with aerospace

products and services; control technologies for buildings, homes and

industry; automotive products; power generation systems; specialty

chemicals; fibers; plastics; and electronic and advanced materials.

The company is a leading provider of software and solutions and

Internet e-hubs including MyPlant.com and MyFacilities.com, and it is

a founding member of Cordiem, LLC, an aerospace industry

business-to-business Internet exchange and applications service

provider. Honeywell employs approximately 125,000 people in 95

countries and is traded on the New York Stock Exchange under the

symbol HON, as well as on the London, Chicago and Pacific stock

exchanges. It is one of the 30 stocks that make up the Dow Jones

Industrial Average and is also a component of the Standard & Poor's

500 Index. Additional information on the company is available on the

Internet at www.honeywell.com.



   This release contains forward-looking statements as defined in

Section 21E of the Securities Exchange Act of 1934, including

statements about future business operations, financial performance and

market conditions. Such forward-looking statements involve risks and

uncertainties inherent in business forecasts as further described in

our filings under the Securities Exchange Act.



    --30--kk/ny* tjs/in*



    CONTACT: Honeywell, Morris Township

             Tom Crane, 973/455-4732
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