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ALENIA AND HONEYWELL FORM JOINT SPACE VENTURE

 ALENIA AND HONEYWELL FORM JOINT SPACE VENTURE
 MINNEAPOLIS, Dec. 11 /PRNewswire/ -- Alenia S.p.A. of Italy and


Honeywell Inc. (NYSE: HON) today announced the creation of a joint venture to manufacture control subsystems and equipment for space applications.
 The joint venture, Space Controls Alenia Honeywell S.p.A., will supply the European space market with reaction wheel assemblies, inertial measurement units, bearing and power transfer assemblies and antenna pointing systems. These products will be marketed to European manufacturers of spacecraft and systems for national and commercial space programs and for the European Space Agency.
 Honeywell owns 40 percent and Alenia owns 60 percent of the joint venture company, which is currently constructing manufacturing facilities in Naples, Italy, where it will be based. When fully operative, the company will employ 150 people.
 "This joint venture with Alenia has two major implications for Honeywell," said Jean-Pierre Rosso, president of Honeywell Europe. "First, it allows us to add to our strong industrial presence in Europe with a new manufacturing unit in Italy. Second, it demonstrates our commitment to support and participate in major European aerospace programs."
 "This initiative considerably strengthens Alenia Spazio's position as a leader in Italy and Europe with the prime contractorship for systems and responsibility for the development of subsystems," said Andrea Pucci, managing director and chief executive officer of Alenia Spazio S.p.A.
 Alenia, headquartered in Rome, is Italy's largest aerospace company. Its subsidiary, Alenia Spazio S.p.A., headquartered in Turin, Italy, specializes in the study, design, development, manufacture, assembly, integration and testing of satellites and space vehicles.
 Honeywell is a leader in control subsystems and equipment for space applications in the U.S. market. The company's Space Systems Groups is headquartered in Clearwater, Fla., and provides flight control equipment and engine controllers for the U.S. Space Shuttle program; guidance, navigation and control systems and data management electronics for the Space Station Freedom program; and data processing, attitude controls and antenna pointing systems for satellites.
 Honeywell is a global controls company that provides products, systems and services for homes and buildings, industry and aviation and space. The company employs 58,000 people worldwide and had 1990 sales of $6.3 billion.
 -0- 12/11/91
 /CONTACT: Kevin Whalen of Honeywell, 612-870-2524/
 (HON) CO: Honeywell Inc.; Alenia Spazio S.p.A. ST: Minnesota IN: SU: JVN


AL -- MN007 -- 1473 12/11/91 12:32 EST
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Date:Dec 11, 1991
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