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Honeywell Signs $51 Million Agreement with EasyJet Airline to Provide 131-9A APU and Maintenance

Wed, 07/21/2010 - 7:25am
Honeywell International

Agreement to Cover easyJet’s Entire A320 Fleet

FARNBOROUGH AIR SHOW, July 20, 2010 -- Honeywell (NYSE: HON) announced today that easyJet Airline Company Ltd. has selected Honeywell’s 131-9A auxiliary power unit (APU), and extended maintenance service for their Airbus A320 family of aircraft in a 10-year $51 million contract.

“Honeywell’s 131-9A APU reduces fuel consumption by 5 percent, and offers 25 percent savings due to higher reliability compared to competitive designs,” said Mike Madsen, Vice President of Airlines, Honeywell Aerospace. “Our maintenance package will help easyJet manage expenses by reducing unscheduled repairs, and providing them with the necessary repair, support and engineering services to keep their equipment operating at peak performance.”

Honeywell’s 131-9A APU is the most commonly used APU for single-aisle commercial transport operating on more than 1,700 aircraft.  An APU is a small turbine engine that provides bleed air for the main engine starting and electrical power for cockpit and galley systems. Honeywell’s 131-9A averages more than 10,000 hours between unscheduled repair events, a more than 60 percent improvement over other APUs in its class size.

The contract covers the 180 Airbus aircraft operated by easyJet today plus the 53 aircraft planned to be delivered by 2013, and covers APU maintenance services until 2020. The repair services will be performed in Raunheim, Germany. The A320 family that easyJet operates includes the A319, A320 and A321.

Additional Honeywell equipment available on Airbus aircraft include fuel controls, electric power systems, communication/navigation radios, traffic/ground/weather surveillance systems, flight management system, inertial navigation systems, environmental control systems, wheels, brakes, and exterior LED lighting.

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:

Karen Crabtree

602-365-5255

karen.crabtree@honeywell.com

Honeywell Aerospace Media Center

twitter.com/HON_KC

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