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Honeywell Selected to Provide FAA Satellite-Based Navigation Technology.


Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--May 8, 2003

Contract Options Could Exceed $350 Million Over Life of the Program;

Initial Contract Totals $16.7 Million

Honeywell (NYSE NYSE

See: New York Stock Exchange
:HON) announced today it has been selected by the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control  (FAA) to provide development, manufacturing, airport installation, training and support for the new satellite-based precision approach and landing system known as the Local Area Augmentation System The Local Area Augmentation System (LAAS) is an all-weather aircraft landing system based on real-time differential correction of the GPS signal. Local reference receivers send data to a central location at the airport.  (LAAS).

With contract options, the program could exceed $350 million over the life of the program; the initial value of the contract is $16.7 million.

"Honeywell's satellite-based navigation technology will enable the FAA's LAAS program to utilize airspace more efficiently, plus provide new precision approach procedures," said John Oelschlaeger, Director of Honeywell's Satellite Landing Systems Business. "This will result in improved air travel safety and reduced flight delays for the flying public, as well as increased operational capacity for airports."

Traditional navigation aids provide coverage for single runway ends only and sometimes have installation and frequency availability constraints. LAAS ground stations alleviate these constraints and a single LAAS can provide coverage for all runway ends at most airports where installed.

Honeywell will finalize the system integrity design before initiating the build, installation and support of 10 LAAS ground facilities at nine FAA test centers and major airports across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . These include:

--  William J. Hughes Technical Center, Atlantic City, N.J.
--  Mike Monroney Aeronautical Center, Oklahoma City (two systems)
--  Memphis International Airport, Memphis, Tenn.
--  Sky Harbor International Airport, Phoenix
--  George Bush Intercontinental Airport, Houston
--  Juneau International Airport, Juneau, Alaska
--  Chicago O'Hare International Airport, Chicago
--  Seattle-Tacoma International Airport, Seattle
--  Honeywell's engineering facility in Coon Rapids, Minn.


The technology is manufactured by Honeywell's Defense & Space Electronic Systems, a Minneapolis-based division of the company's Aerospace group. Work is scheduled to begin on the project this year. The first system is scheduled to be operation by late 2006.

Honeywell International is a diversified technology and manufacturing leader, serving customers worldwide with 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:
  • Morris Township, Minnesota
  • Morris Township, New Jersey
  • Morris Township, Clearfield County, Pennsylvania
  • Morris Township, Greene County, Pennsylvania
, N.J., Honeywell's shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE)

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. Based in Phoenix, 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.

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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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 8, 2003
Words:493
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