Press Release


Honeywell Provides Fuel-Saving APU to Aviation Capital Group in $40M Deal

A320 Selections Improve Safety, Fuel Efficiency and Cost of Operations

PARIS AIR SHOW, June 16, 2009 -- Honeywell (NYSE: HON) announced today that it will provide avionics and its fuel-efficient Auxiliary Power Unit (APU) for Aviation Capital Group’s (ACG) fleet of 68 new Airbus A320 aircraft in a deal valued at more than $40 million.

“Airlines and lessors like ACG are selecting the Honeywell’s 131-9A APU over alternatives because of the 5% fuel savings, lower carbon dioxide emissions, the increased power, class-leading reliability, and the low maintenance costs,” said Mike Madsen, Vice President, Airlines, Honeywell Aerospace. “The requirement for on-aircraft maintenance is reduced by 24%, and line maintenance is reduced by 45% over alternatives, saving operators significantly on cost of operations.”

Honeywell’s 131-9A APU is a small gas-powered turbine engine that provides bleed air for main engine starting and electrical power for cockpit and galley systems. The APU has been in service since 1998 and is in use on more than 1,400 aircraft by 100 customers.

The avionics suite of products for ACG comprises:
• Enhanced Ground Proximity Warning System (EGPWS)
• Air Data Inertial Reference System (ADIRS)
• Emergency Locator Transmitters (ELTs)
• Solid State Flight Data Recorder (SSFDR) and Solid State Cockpit Voice Recorder (SSCVR), and the
• Flight Management System (FMS)

EGPWS, invented by Honeywell, provides a terrain display and alerts the flight crew if the aircraft approaches too close to terrain. The ADIRS provides critical positioning information at reduced weight and power consumption. The ELT, SSFDR and SSCVR provide information in the event of an emergency. and the FMS helps reduce pilot workload by computing the most efficient flight path.

Aviation Capital Group is the owner/lessor and portfolio manager of a diversified fleet of commercial jet aircraft leased to the world’s leading airlines. Its portfolio includes more than 230 jets leased to more than 90 airlines in 42 countries. ACG’s Capital Markets Group provides asset management and remarketing services to aircraft investors and institutional clients. ACG was founded in 1989 and is a wholly-owned subsidiary of Pacific LifeCorp, the parent company of Pacific Life Insurance Company.

Based in Phoenix, Arizona, Honeywell’s $12 billion 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