HONEYWELL TO PROVIDE MIDDLE EAST AND AFRICAN DEFENCE OPERATORS FASTER ACCESS TO PRODUCTS AND SERVICES
New local distribution agreement to offer Transworld Aviation greater efficiency
DUBAI, November 13, 2011--Honeywell(NYSE: HON) has signed a new distribution agreement with commercial and military aviation supplier, Transworld Aviation, that will enable broader spares, parts and maintenance provisioning for Middle Eastern and African (MEA) defence customers and commercial helicopter operators, (excluding United Arab Emirates).
Juan Picon, Vice President Defense & Space International at Honeywell Aerospace, said: “Transworld Aviation has a strong relationship with local customers and is ideally located in Dubai, the central business hub for MEA. The company is very well positioned to serve Honeywell’s defence and commercial helicopter markets across the region.”
“As one of the region’s largest aviation distributors, we are delighted to be partnering with Honeywell in MEA,” said Abdulla Sulaimani, Chairman of Transworld Aviation. “This distribution agreement will enable Honeywell to shorten lead times on component orders and reduce turnaround times for repairs, ensuring customer order requests and queries are dealt with in a timely manner.”
Transworld Aviation provides support services to Commercial, Civil & Military aircraft operators, throughout Middle East, Africa, Europe and South Asia through OEM’s, Approved Distributors and repair agencies. Specializes in stocking and distribution of spares, POL, Rotables and repair/overhaul management, for Airframe, Engine, Avionics, and GSE.
Based in Phoenix, Arizona, Honeywell’saerospace 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; 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 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.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, homesand 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.