Published:
Honeywell Mechanical Parts Selected by ST Aerospace
PHOENIX, Oct. 21 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced
today that it has signed a five-year agreement with ST Aerospace Systems Pte
Ltd (STA Systems) to provide mechanical piece parts. The agreement is
potentially worth U.S. $30 million for parts purchased.
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Under this agreement, Honeywell will supply STA Systems parts for
Honeywell mechanical equipment installed on various platforms including Boeing
B737, B747, B757, B767 and legacy platforms. This latest arrangement with
Honeywell will allow STA Systems to extend its range of capabilities by
providing Honeywell component repair and overhaul to all their customers.
In February 2008, Honeywell announced a five-year agreement with ST
Aerospace to provide maintenance on a wide range of Honeywell avionics systems
and mechanical components installed on Boeing 737, Airbus A320 and selected
legacy aircraft.
"The relationship between the two companies continues to expand,
reflective of the growth of the aerospace industry in the region," said Mike
Madsen, Honeywell Vice President of Airlines. "Under this agreement, Honeywell
will provide ST Aerospace the materials and support they need to grow their
full-service operation in support of their global clientele."
Honeywell's aftermarket service programs provide a comprehensive range of
cost-effective maintenance and asset availability solutions to support
operations throughout the life span of the aircraft. From service agreements
and repairs to logistics and parts availability programs, Honeywell's
solutions can be customized to create cost-effective packaged solutions that
allow organizations to better manage and predict maintenance spending, asset
requirements and repair needs.
Honeywell International is a $38 billion 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 inMorris Township,
N.J., Honeywell's shares are traded on theNew York,London and Chicago Stock
Exchanges. For additional information, please visit http://www.honeywell.com.
Based inPhoenix, 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.
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.
SOURCE Honeywell
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