Flexible Wheels & Brakes Program Ensures Predictable Maintenance Costs

PHOENIX, Nov. 5, 2009 -- Honeywell (NYSE: HON) announced today that Air New Zealand has extended two wheels and brakes service agreements.

The contracts cover wheels and brakes service on Boeing 737C and Boeing 767-300 aircraft for seven years. The value was undisclosed.

“This program will allow Air New Zealand to increase their parts availability and reduce their overall cost of ownership,” said Mike Madsen, Vice President, Airlines, Honeywell Aerospace. “Honeywell’s worldwide support network can create customized flexible programs that will allow airlines to better manage and predict their maintenance spend, manage asset requirements and repair needs, while lowering operating expenses and total cost of ownership.”

The B737C agreement became effective earlier this year, and the B767 agreement takes effect immediately.

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:
Carrie Sinclair
602-365-2324
carrie.sinclair@honeywell.com
Honeywell Aerospace Media Center
twitter.com/HON_Carrie