Honeywell Extends Maintenance Service With GoJet Airlines

Agreement Adds Six Aircraft and Extends Service Through 2023

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Apr 20, 2010, 12:43 ET

PHOENIX, April 20 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced today that it has extended a maintenance agreement with GoJet Airlines through 2023, increasing aftermarket service and support on Honeywell products to include 25 Bombardier CRJ700 aircraft. The total contract is valued at $4.5 million.

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"Honeywell's engineering expertise will ensure our safety products are operating at peak performance, enabling GoJet to fly more safely while lowering expenses," said Mike Madsen, vice president of Airlines, Honeywell Aerospace.

Honeywell equipment covered by the agreement includes Enhanced Ground Proximity Warning Systems (EGPWS), start control valves and air turbine starters installed on GoJet's CRJ700 aircraft.

The addition of the six recently delivered aircraft to the existing agreement increases the number of aircraft covered from 19 to 25. Honeywell has provided maintenance on Honeywell products since 2005, when GoJet began operations.

Honeywell's aftermarket service programs provide a comprehensive range of maintenance and asset availability solutions tailored to meet airline requirements and provide predictable maintenance costs. The programs are supported by Honeywell's 24/7 global network of service and customer support centers to meet customer needs anywhere, anytime.

Honeywell standard equipment on the CRJ700/900/1000 includes the auxiliary power unit and installation kit, air turbine starter, Enhanced Ground Proximity Warning System and mechanical components.

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.

SOURCE Honeywell