Honeywell Wins Largest Share of U.S. Army's Integrated Logistics Support Service Program

$233 Million Contract Provides Global Logistics Support for U.S. Army Field Support Brigades

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Oct 25, 2010, 08:00 ET

WASHINGTON, Oct. 25 /PRNewswire/ -- AUSA -- The U.S. Army Sustainment Command has awarded Honeywell (NYSE: HON) logistics contracts worth more than $230 million to manage global inventory, maintenance and operations for three Army Field Support Brigades.

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Honeywell received the largest single share of the contracts awarded under the U.S. Army's integrated support service program. Honeywell Technology Solutions Inc. (HTSI), a company subsidiary, will execute the two-year contracts, which include responsibility for the brigade's equipment, fleets and facilities in the eastern United States, Afghanistan, Iraq and Kuwait.

"Honeywell's most recent win builds on the excellence of our current logistics work for both the U.S. Army and the U.S. Marine Corps," said Vince Trim, president, HTSI, Honeywell Aerospace. "Honeywell's goal is to become the premier logistics provider for the U.S. armed forces, and we see it as a privilege to help keep our war fighters operational and effective by ensuring property is functioning when and where it is needed."

Other key Army programs for Honeywell include the Army Prepositioned Stocks-3 (APS-3) program in Charleston, S.C., the Total Package Fielding program in Sterling, Mich., as well as myriad Sustainment Support Services under Field and Installation Readiness Support Team (FIRST) and Global Property Management Support Services (GPMSS) contracts worldwide, including Iraq, Kuwait and Afghanistan.

Honeywell also manages more than $3 billion in mission-critical U.S. Marine Corps assets, including prepositioning Marine squadrons that are fully stocked and ready to deploy for operations anywhere in the world.

A wholly-owned subsidiary of Honeywell International, HTSI provides a range of services for government customers in management, space systems and services, networks and field engineering, Department of Defense logistics, depot maintenance, staff augmentation, calibration, information technology and cyber security.

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