Honeywell ITEC To Deliver F124 Engine For Aermacchi Jet Trainer

-- High Performance, Fuel Efficient Aircraft Engine Reduces Operational Costs, Provides Superior Power and Reliability
-- Agreement Valued at $52 Million

(Geneva, November 19, 2008) -- Honeywell (NYSE:HON) announced today that its International Turbine Engine Company (ITEC) has been awarded a contract to deliver F124-GA-200 engines to Alenia Aermacchi, a Finmeccanica Company, for the production of the Advanced Jet Trainer M-346. The initial agreement is valued at US $52 million.

"The design and durability of the ITEC F124 engine delivers an additional performance margin over other aircraft engines, allowing it to maintain aircraft specification thrust levels for a longer period of time," said Dave Marinick, President, ITEC. "This enables the M346 to provide a level of performance unrivaled by any other advanced jet trainer."

"The F124-GA-200 Honeywell ITEC engine includes several features designed to ease maintenance, such as an integrated engine monitoring system that monitors engine health and tracks life usage and on-condition maintenance," Marinick added. "The engine has also been designed to significantly reduce maintenance and downtime, improving fleet and mission readiness."

Source : Honeywell International, Inc. (NYSE: HON)