Honeywell Signs $2.8 Billion Lifetime Contract With Embraer to Provide Avionics for Second Generation of E-Jets - Primus Epic avionics system provides exceptional situational awareness and reduces pilot workload - Advanced software architecture allows for easy next-generation updates - $2.8 billion contract includes OEM and aftermarket services PR Newswire PHOENIX, Feb. 4, 2013 PHOENIX, Feb. 4, 2013 /PRNewswire/ -- Honeywell (NYSE: HON) and Embraer have signed an agreement worth $2.8 billion over its lifetime to provide Honeywell's Primus Epic as the integrated avionics system for Embraer's new second generation of the E-Jet aircraft family. (Logo: http://photos.prnewswire.com/prnh/20080425/LAF040LOGO) Avionics can include navigation, communications and display systems in the cockpit to give pilots and crew critical information to help them fly safely, accurately and efficiently. Primus Epic integrates these systems into a compact offering and adds innovative technologies such as synthetic vision and advanced flight management for better situational awareness and more fuel-efficient, direct approaches at airports. The second generation of Embraer E-Jets equipped with Honeywell's Primus Epic is planned to enter service in 2018, with the program expected to launch later this year. Honeywell and Embraer have a long history of working together on a variety of products and services, dating back 25 years. With 9 million flight hours to date on E-Jets, Honeywell's highly successful Primus Epic boasts commonality with the current generation of fielded aircraft, allowing for a smooth transition to the new platform. Because these avionics are software-based, Embraer will be able to easily and effectively integrate future communication, navigation and air traffic management systems. Supporting Quotes oJohn Bolton, President, Air Transport & Regional, Honeywell Aerospace "Honeywell's Primus Epic is an incredibly innovative, highly integrated and proven technology that makes flying safer and more efficient. Our avionics systems are found inside the world's most successful aircraft, including Embraer's existing 170/190 E-Jet family of aircraft." "We look forward to continuing our partnership and pursuing additional E-Jet opportunities that our exceptional breadth of products and services affords us." oPaulo Caesar Silva, President and CEO, Embraer Commercial Aviation "Honeywell has been a valued partner of Embraer for many years, so it is with great confidence that we extend our relationship for this important program. We believe that the evolution of the Honeywell Primus Epic, including large landscape displays, will provide flexibility for continuous innovation in the flight deck, while offering a mature system and a smooth transition for pilots between the current and future generation of E-Jets." Supporting Resources oRead more about Honeywell Aerospace oFollow @Honeywell_Aero on Twitter oSubscribe 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 2013 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, + 202-412-6640 , email@example.com, Honeywell Aerospace Media Center; or Aaron Grabein, Waggener Edstrom Worldwide, +1-512-527-7022, firstname.lastname@example.org
Honeywell Signs $2.8 Billion Lifetime Contract With Embraer to Provide Avionics for Second Generation of E-Jets
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