Honeywell Wins $100 Million Retrofit Package to Provide Avionics and Fuel-Efficient Auxiliary Power Unit to Vietnam Airlines

Retrofit Of Existing A321 Fleet Includes Fuel Efficient 131-9A Auxiliary Power Unit And Safety Avionics To Drive Cost Savings

News provided by

Honeywell

Nov 16, 2010, 12:00 ET

PHOENIX, Nov. 16, 2010 /PRNewswire-FirstCall/ -- Vietnam Airlines has awarded a $100 million avionics and auxiliary power unit (APU) contract to Honeywell (NYSE: HON) for its fleet of 36 new and 22 existing Airbus A321 aircraft.

(Logo: http://photos.prnewswire.com/prnh/20080425/LAF040LOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20080425/LAF040LOGO)

Honeywell also will work with the airline to help establish an in-house APU repair and overhaul capability. Honeywell's avionics for Vietnam Airlines include the Flight Management System (FMS), Multifunction Control Display Unit, the industry's first Enhanced Ground Proximity Warning System (EGPWS), Air Data Inertial Reference Unit (ADIRU), and Air Data Module (ADM).

The Honeywell avionics solutions selected by Vietnam Airlines will provide critical real- time information to the pilots to help keep the aircraft on course, clear of terrain, and optimize the navigation and routing for better fuel efficiency.

In addition, Honeywell's fuel-efficient 131-9A APU will provide Vietnam Airlines with an annual estimated savings as much as $10,000 per aircraft.

Honeywell equipment available on Airbus aircraft include fuel controls, APU, electric power systems, communication/navigation radios, traffic/ground/weather surveillance systems, flight management system, inertial navigation 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.

SOURCE Honeywell