Contract Doubles Honeywell Logistics Program Size with U.S. Army
PHOENIX, Oct. 5 /PRNewswire-FirstCall/ -- Honeywell (NYSE:HON) announced today that its Honeywell Technology Solutions Inc. (HTSI) business has won a $257 million contract from the Army Sustainment Command to provide logistic services for the armed services fighting in Iraq.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080425/LAF040LOGO) For the next five years, Honeywell will provide logistics planning, supply services, maintenance management, and management of housing, facilities, property and construction activities at 11 locations in Iraq for the 402nd Army Field Support Brigade.
"The award from the Army doubles the program size for Honeywell logistics support," said Vince Trim, President, HTSI. "Our embedded personnel work daily alongside their Army counterparts, working to increase stability and capacity of the brigade through maintaining the safety and reliability of facilities and equipment." HTSI also provides logistics services for the U.S. Marines Corp, which ensure Marine Corps ships are stocked and available for deployment to combat zones.
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 (http://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 http://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. http://www.newscom.com/cgi-bin/prnh/20080425/LAF040LOGO http://photoarchive.ap.org/ DATASOURCE: Honeywell CONTACT: Karen Crabtree of Honeywell International, +1-602-365-5255, Web Site: http://www.honeywell.com/ http://www.honeywellnow.com/
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