RNS Number:0706S
Honeywell International Inc
26 February 2002

( BW)(NJ-HONEYWELL)(HON) Honeywell Announces More Than $2 Billion in
New Product and Service Contracts for Commercial and Military Aircraft
At Singapore Air Show



    Business Editors


    MORRIS TOWNSHIP, N.J.--(BUSINESS WIRE)--Feb. 26, 2002--


   Honeywell To Resume Production Of Chinook Engines For U.S. Army
     And Will Provide Depot Support For U.K. Ministry of Defence


    Company to Supply Secondary Electric Power Distribution System
            (SEPDS) And Aircraft Environment Surveillance
                    System (AESS) For Airbus A380


   Honeywell Environmental Control And Landing Systems Selected For
                   Military And Commercial Aircraft



   Honeywell (NYSE: HON) announced today at the Singapore Air Show

that it has been selected to provide more than $2 billion in new

aerospace products and services for commercial and military aircraft

around the world.

   The contracts cover wins with the United States Army, the United

Kingdom Ministry of Defence, Airbus, and two Vietnamese airlines. The

total expected revenue of the agreements is $2.001 billion.

   "These wins demonstrate the broad technologies, products and

value-driven services Honeywell continues to bring to its global

Aerospace customers," said David Cote, Honeywell's President and Chief

Executive Officer.



   Chinook Engine Agreements



   Honeywell's largest contract win is from the U.S. Army to begin

building its T55-GA-714A upgraded gas turbine engine for the Army's

CH-47D Chinook helicopter. The upgraded T55-GA-714A engines deliver a

22% improvement in power, 7% better fuel economy and greater

reliability over older T55-L-12 engines. The contract's estimated

revenue is $1.1 billion over the next eight years if all engine

options are exercised.

   "The T55-GA-714A engine provides the Army with a cost-effective

way to improve its existing Chinook engines with modern technology

while enhancing the mission capability of the helicopter, with

improved weight lift capability in a high and hot environment," said

Bob Johnson, Honeywell Aerospace President and CEO.

   In a separate agreement, Honeywell will provide complete depot

support on the company's T55 Chinook helicopter engines for the United

Kingdom Ministry of Defence (UK MoD). The five-year, $80 million

contract includes T55 engines on British Chinook model HC2, HC2a and

HC3 aircraft. The agreement also establishes a Strategic Partnering

Arrangement with the UK MoD's Defence Aviation Repair Agency (DARA),

who will perform the repair, overhaul and testing of the engines.



   New Airbus Wins



   Honeywell will provide the Secondary Electric Power Distribution

System (SEPDS) and an integrated safety and surveillance system called

the Aircraft Environment Surveillance System (AESS) for the new Airbus

A380 Super Jumbo Jet. Revenue from the two systems is estimated at

more than $710 million over a 15-year period, including follow-on

sales of spare units and other aftermarket business.

   The A380 will be the first commercial aircraft to incorporate a

Solid State Power Control (SSPC)-based Secondary Electric Power

Distribution System. The SEPDS uses programmable SSPC devices in place

of traditional electro-mechanical circuit breaker technology,

providing benefits to the aircraft in terms of load management, fault

isolation, diagnostic health monitoring, and improved flexibility to

accommodate modifications and system upgrades.

   The AESS will incorporate the functions of Honeywell's Enhanced

Ground Proximity Warning System (EGPWS), its next-generation Traffic

Alert and Collision Avoidance System (TCAS) combined with Mode-S

Transponder capability, and next-generation weather radar system.

   "Honeywell's great diversity of innovative products, technologies

and services will contribute to making Airbus' A380 a success in the

jumbo jet market," Johnson said. "With the addition of these new

systems, Honeywell has been selected five times as a supplier for the

world's largest passenger airliner. This is an honor and opportunity

for us to introduce and deliver the advanced technology solutions that

Airbus and our industry expects for the 21st Century."

   The three previously selected programs are: the next generation

Flight Management System (FMS); The Electromechanical Thrust Reverser

Actuation System (E-TRAS) in partnership with Snecma Control Systems,

and the Pneumatic System on the Rolls Royce Trent 900 engine.



   ECS and Landing System Agreements



   The company was selected by BAE SYSTEMS to supply three major

airframe systems and a unique part of the mission system for the

Nimrod MRA4 turbo-jet powered maritime reconnaissance aircraft. The

development and original equipment contract has expected revenues in

excess of $100 million over an eight-year period. Honeywell

Normalair-Garrett in Yeovil, UK will supply the Environmental Control

System (ECS), including the Cabin Pressure Control, the Hydraulic

Power Generation System and the Oxygen Breathing System, as well as

rotary Sonobuoy Dispensers.

   Honeywell was also selected to supply wheels and brakes on Hainan

Airlines' 10 new Boeing 767-300s and to retrofit new wheels and brakes

on six existing 767-300s for Vietnam Airlines. Expected revenue from

each agreement is nearly $11 million over a ten-year period.

   Honeywell's aerospace business has sales of $9 billion and is

headquartered in Phoenix, Arizona, USA. It 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 is a US$24-billion diversified technology and

manufacturing leader, serving customers worldwide with aerospace

products and services; control technologies for buildings, homes and

industry; automotive products; specialty chemicals; fibers; plastics;

and electronic and advanced materials. Honeywell employs approximately

115,000 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.



    CONTACT: Honeywell Aerospace
             Bill Reavis, 602/365-2055
             Ron Crotty, 425/885-8465











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