Honeywell Acquires Assets of Baker Electronics Inc., Manufacturer of Business Aircraft Cabin-Management Systems.Business Editors, Technology Writers PHOENIX--(BUSINESS WIRE)--Jan. 7, 2003 Acquisition Provides Honeywell With Complete Aircraft Cabin-Systems Integration Honeywell (NYSE NYSE See: New York Stock Exchange :HON) announced today it has acquired the assets of Baker Electronics Inc., a leading supplier of aircraft cabin An aircraft cabin is the section of an aircraft in which passengers travel, often just called the cabin. At cruising altitudes, the surrounding atmosphere is too thin to breathe without an oxygen mask, so cabin pressurization adapts the cabin to atmospheric pressures. management systems. The terms of the transaction weren't disclosed. The business, to be known as Honeywell Cabin Management Systems and Services, will provide business jet passengers a diverse selection of in-flight productivity tools by way of air-to-ground-to-air connectivity for secure, high-speed access to e-mail, the Internet and in-flight audio/video conferencing. The business will continue to be located in Sarasota, Fla. "This acquisition is an important step toward our goal of providing business-jet manufacturers and operators completely integrated cabin-management, utilizing Honeywell's integration technology," said John Uczekaj, Executive Vice President and General Manager of Honeywell Business, Regional and General Aviation Avionics. "As the pioneer of integrated avionics systems, Honeywell will bring its proven integration expertise to the cabin with communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. based on next-generation technology." Baker Electronics is a leading manufacturer of cabin-management systems, cockpit-audio systems, liquid crystal flat-panel displays and moving-map systems for corporate aviation, marine and industrial customers. Honeywell's aerospace business, headquartered in Phoenix, 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 is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power-generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . Based in Morris Township There are several places named Morris Township in the United States:
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol HON, as well as on the London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available at www.honeywell.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. |
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