Honeywell Provides Cost-Saving Logistics Support For U.S. Air Force F-15 Fleet

PHOENIX, Nov. 14, 2012 /PRNewswire/ -- Honeywell (NYSE: HON) has been awarded a contract modification from the U.S. Air Force to provide depot maintenance support for the F-15's secondary power system (SPS). Work will be performed under Public-Private Partnership (P³) with the Hill Air Force Base Depot Workforce in Utah through January 2020.

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Installed on every F-15 worldwide, the SPS provides two main functions: power for engine starting and power to aircraft accessories once the engines are self-sustaining. The SPS consists of the Jet Fuel Starter (JFS), two hydraulic accumulators, a central gearbox (CGB) and left/right Airframe Mounted Accessory Drives (AMADs).

F-15 Program Benefits

Honeywell's logistics support introduces commercial repair practices at the depot to help reduce repair costs and improve depot productivity on the SPS. Honeywell's performance-based logistics (PBL) programs have historically shown significant reduction in repair costs for both commercial and military systems, enabling:

• Improved availability and reliability
• Lower maintenance cost
• Lower inventory
• Improved first-pass yield (acceptance test rate) of repaired units
• Improved OEM technical support at the depot via on-site Field Service Engineering
• Development of new repairs and sharing of commercial repair practices
• Improved organic depot repair capability using industry-leading Lean processes to reduce inventory and improve repair turnaround
• Increased system and component time-on-wing, enabling improved overall platform availability

This contract represents a potential value of up to $355 million through January 2020. The contract amendment, known as Secondary Power Logistics Solution (SPLS)-II, is an extension of the existing Air Force SPLS-I contract signed in 2007 to provide depot-level logistics services and maintenance for SPS components on the B-2 Spirit stealth bomber, C-130 Hercules transport and ground carts.

Supporting Quote

• Brian Sill, Vice President of Defense Americas Aftermarket, Defense & Space, Honeywell Aerospace
  
  "We're focused on ensuring the ongoing operational readiness of the Air Force F-15 fleet. This contract will enable a higher level of performance, reliability and logistics support for this vital aircraft fleet serving American and foreign militaries around the world."

Supporting Resources

• Read more about Honeywell Aerospace
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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 (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; turbochargers; and performance 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.

Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2012 Honeywell.

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 economic and industry 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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