Honeywell Provides Guidance System For Atlas V Rocket

PHOENIX, July 30 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) announced today that it has been selected by United Launch Alliance to provide primary avionics components for guidance and navigation of the Atlas V rocket in a follow-on contract worth up to $90 million over the life of the long-term contract.

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Honeywell will provide the Fault Tolerant Inertial Navigation Unit (FTINU) and the Redundant Rate Gyro Unit (RRGU). Honeywell's RRGU is flight-proven avionics for launch vehicle guidance, navigation and control subsystems.

"Honeywell's products allow the Atlas V rocket, which carries satellites into space, to insert the satellite into orbit closer to the intended target location, saving fuel and extending the life of the satellite," said Dave Douglass, vice president for Space, Missiles and Munitions at Honeywell Aerospace.

Honeywell will deliver 25 FTINU and 38 RRGU beginning in late 2010 and continue through September 2016. Honeywell's FTINU and RRGU work together to perform inertial measurement functions and to provide computer processing capability for the inertial and flight software. The most recent Atlas V launch included the U.S. military's X-37B Orbital Test Vehicle (OTV), which is the United States' newest and most advanced re-entry spacecraft. For more information about launches, visit www.ulalaunch.com.

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