Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,262.56 89.32 0.55%
S&P 500 1,842.98 12.37 0.68%
NASDAQ 4,034.16 11.47 0.29%
Ticker Volume Price Price Delta
STOXX 50 3,091.52 -40.05 -1.28%
FTSE 100 6,541.61 -42.15 -0.64%
DAX 9,173.71 -165.46 -1.77%
Ticker Volume Price Price Delta
NIKKEI 14,355.35 358.54 2.56%
TOPIX 1,161.01 24.92 2.19%
HANG SENG 22,813.92 142.66 0.63%

Honeywell Awarded $181 Million Navy Contract For Performance Based Logistics And Maintenance Program On Global Aircraft Fleet



 Honeywell Awarded $181 Million Navy Contract For Performance Based Logistics
               And Maintenance Program On Global Aircraft Fleet

Honeywell to continue decade-long performance-based logistics support program
for F/A-18, P-3 and C-2 aircraft

PR Newswire

WASHINGTON, Oct. 31, 2012

WASHINGTON, Oct. 31, 2012 /PRNewswire/ -- Honeywell (NYSE: HON) has been
awarded a follow-on five-year contract, worth $181 million, from the NAVSUP
Weapon Systems Support (WSS) to provide logistics support for auxiliary power
units (APUs) for F/A-18 A-G (including F/A-18 Australian F/G models), P-3,
C-2, as well as F/A-18 main fuel controls (MFC) and the P-3 engine-driven
compressor (EDC).

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

Honeywell, under Public-Private Partnership (P^3 ) with the depot workforce at
the U.S. Navy's Fleet Readiness Center-East at Cherry Point, N.C., and
FRC-Southeast Jacksonville, Fla., has supported multiple products, including
APUs, on Navy applications for NAVSUP WSS via a unique Performance-Based
Logistics (PBL) program since 2000. Since the program's inception, military
operators have enjoyed marked improvement in logistics support including $50
million in  savings through:

  o Sustained 97 percent or greater on-time delivery of products to the field
  o Significantly increased time on wing for all products, with improved
    overall platform availability
  o Elimination of intermediate-level aircraft maintenance tasks due to
    improved reliability and service implementation
  o Utilization of highly skilled FRC depot artisans
  o Introduction of new component repairs and sharing of commercial repair
    practices, thereby improving depot productivity and reducing consumption
    of new material
  o On-site Honeywell technical and materials management support at depot,
    resulting in improved materials management processes and reduction of
    on-hand Defense Logistics Agency inventory

Honeywell's Logistics Expertise

Honeywell has a long-standing history of providing efficient logistics support
programs for both commercial and military operators. This follow-on contract
enables the Navy to continue to use Honeywell's PBL experience to drive
additional efficiencies and cost-savings at the Department of Defense.

Supporting Quotes

  o Brian Sill, Vice President of Defense Americas Aftermarket, Defense &
    Space, Honeywell Aerospace

"Honeywell has a long-standing history of logistics support with NAVSUP, and
we've shown that our initiatives have improved reliability and availability of
aircraft for the Navy, while lowering maintenance costs by over $50 million.
With this new contract, we will continue to provide the Navy with the same
experience it has enjoyed over the previous decade and continue to help lower
the overall cost of sustainment of these aircraft fleets."

Supporting Resources

  o Read more about Honeywell Aerospace
  o Follow @Honeywell_Aero on Twitter
  o Subscribe to Honeywell's Corporate RSS feed

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

Website: http://www.honeywell.com
Contact: Nathan Drevna, Honeywell Aerospace, +1-202-662-2672,
nathan.drevna@honeywell.com, Honeywell Aerospace Media Center; Aaron Grabein,
Waggener Edstrom Worldwide, +1-512-527-7022, agrabein@waggeneredstrom.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement