Honeywell Receives Boeing Performance Award
Excellence Award Recognizes Consumables Solutions business for Quality and Delivery Performance in 2006-2007
PHOENIX, May 2008 -- Honeywell (NYSE: HON) announced today that three of its hardware distribution sites received Boeing’s Silver Performance Excellence Award for quality and delivery for 2006-2007.
The Boeing Performance Excellence Award is a site-specific award given to suppliers who maintain the best composite score for quality and delivery for each month of the 12-month annual performance period.
The Consumables Solutions business within Honeywell is a distributor of aerospace hardware; such as fasteners, bearings, electrical parts and seals, and offers a variety of inventory management solutions. The Honeywell sites recognized are Torrance, Calif.; Tempe, Ariz.; and Roanoke, Texas.
“Honeywell has long been a partner with Boeing and this award confirms our commitment for delivery and quality distinction,” said Jeff Smith, Vice President of the Consumables Solutions business segment.
To be eligible for this award, specific supplier sites must maintain greater than a 99.8% acceptance rate and a 98% on-time delivery rate each month for the reporting period. Honeywell was among 250 companies out of approximately 10,000 worldwide suppliers to receive a silver or gold performance award.
Honeywell is a leading global supplier of consumable hardware products and services provider for custom logistics and Just-in-Time (JIT) inventory solutions. Their portfolio is comprised of over 725,000 standard and proprietary parts from 150 manufacturers and 2,600 suppliers available locally to customers through regionally-based stocking locations.
Honeywell International is $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit 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 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.
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