Honeywell Wins $96 Million Contract for Safety and Mission Assurance Services at NASA

Contract dramatically expands NASA's collaboration with Honeywell

News provided by

Jun 06, 2011, 06:00 ET

PHOENIX, June 6, 2011 /PRNewswire/ -- Honeywell (NYSE: HON) has won a five-year $96 million contract with NASA's Safety Center (NSC) to provide audits, assessments, and assurance services across the agency's centers and suppliers.

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

"Honeywell has proudly served NASA since the earliest days of the U.S. space program," said Vince Trim, president of Honeywell Technology Solutions, Inc. (HTSI). "This contract signifies increasing levels of responsibility for Honeywell as we continue in our shared pursuit of excellence in meeting NASA's mission objectives and demonstrates Honeywell's continued performance in an environment marked by budget restraints."

The current contract adds compliance verification of safety and mission assurance requirements to a well-established history of performance providing contract assurance for NASA for more than a decade. Under the terms of the contract HTSI, a wholly-owned subsidiary of Honeywell, will provide critical safety and mission assurance support worldwide under direction of the NASA Safety Center (NSC). This support is provided to NASA headquarters, field centers, programs and projects, and suppliers.

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 Aerospace