Honeywell Selected to Provide Network Services, Operations and Support for NASA Space Missions.

Business Editors

COLUMBIA, Md.--(BUSINESS WIRE)--Oct. 23, 2003

Honeywell (NYSE: HON)

    Satellite Constellation Network, Hubble Space Telescope, Solar
 Heliospheric Spacecraft, Space Station, Shuttle Programs Included in
                              Agreements

                Contracts Valued At Up To $1.7 Billion

Honeywell (NYSE: HON) announced today that it has been selected by NASA for mission operation and support to provide data collection, services integration, systems engineering and development, flight dynamics support, and mission operations and flight dynamics technology development.

The two indefinite quantity contracts are anticipated to be worth up to approximately $1.7 billion. The Goddard Space Flight Center mission operation and support contract period is five years with a limited two-year extension; the Earth network services contract covers a five-year period.

"Honeywell's mission support will include pre-launch conceptual studies and planning, on-orbit flight controls and final decommissioning at the Goddard Space Flight Center," said Garrett Mikita, President, Honeywell Technology Solutions Inc. "This includes robotics science missions and support for the Solar Heliospheric (SOHO) spacecraft, which performs observations of the sun. We also will provide support and maintenance for the Hubble Space Telescope program and satellites that examine the Earth's atmospheric content."

For the Earth network services agreement, Honeywell will provide program management, ground and space network operations, systems engineering, hardware and software development, and maintenance and support.

"This includes NASA's ground network, including suborbital operations, and the Tracking Data Relay Satellite System, a constellation of nine satellites that is the primary architecture of the communications system for the Space Shuttle, International Space Station programs and Hubble Space Telescope," Mikita said.

Honeywell's support operations will be located at the Goddard Space Flight Center in Greenbelt, Md., and Earth network services at GSFC, the White Sands Complex in Las Cruces, N.M., and Wallops Flight Facility at Wallops Island, Va.

Honeywell International is a diversified technology and manufacturing leader based in Morris Township, N.J. With 2002 revenues of $22 billion, the company serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. The company's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. Honeywell is one of the 30 stocks that comprise the Dow Jones Industrial Average; it is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com.

Honeywell Technology Solutions Inc. is a part of Honeywell's aerospace business, which is headquartered in Phoenix. It 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 as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, 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.