Honeywell Signs 10-Year Service Agreement for ANA's Boeing 787

Published on Wednesday, 28 July 2010 09:44 Written by TradersHuddle Staff

ANA First To Take Delivery of 787

PHOENIX, July 28 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) today announced that it has signed a 10-year integrated service agreement for support of ANA's 50 Boeing 787 aircraft.  ANA will be the first to take delivery of Boeing's newest aircraft, the 787 Dreamliner.

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Honeywell will provide access to spares, logistics and repair services for the Honeywell equipment installed on the B787 aircraft. Honeywell provides multiple products to the B787 aircraft, including flight control electronics, navigation radios, crew information system and interior and exterior lighting.

"ANA benefits from a single integrated program with one agreement and predictable monthly payments to provide global asset availability for the entire suite of Honeywell products on the B787," said Pak Chin, Honeywell Aerospace Vice President of Airlines, Asia Pacific.  "ANA can focus on operating the aircraft leaving the management of spares, logistics and repairs to Honeywell.  ANA avoids upfront investment costs of purchasing spares, minimizes administration expenses, and improves dispatch reliability."

ANA is expected to receive their first aircraft in December 2010 or January 2011.  A total of 50 aircraft are expected to be delivered by 2016.  The contract covers program services for 29 part numbers for a term of 10 years.

Honeywell integrated service support solutions feature 24/7 customer service and program support capabilities from Honeywell's global network of service and customer support centers.

Honeywell equipment available on Boeing aircraft includes the auxiliary power unit, cabin management system and services, communication, navigation and information management, displays, environmental control system, electric power, electronic fuel controls, flight controls, flight management systems, lighting, mechanical components, surveillance equipment, wheels and brakes.

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