Press Release

Issued by Honeywell Aerospace.

May 4, 2010

Honeywell (NYSE: HON) today announced that it has named India-based Air Works as a regional forward-stocking location partner for key mechanical and avionics parts.

"This agreement allows Honeywell to expand its support capabilities for Gulfstream and Dassault operators in India and the Middle East regions by positioning LRUs intended for AOG support in Bangalore, India," said Paolo Carmassi, president, Europe, Middle East and Africa, Honeywell Aerospace. "Support for our customers in this growing area of the world is critical, and the agreement with Air Works reflects our commitment to continuously improve customer satisfaction, asset availability and support regional operators and OEMs."

Honeywell will be supplying Air Works with a variety of products for Gulfstream and Dassault aircraft including, but not limited to:

• Fuel Pumps

• Full Authority Digital Electronic Controls

• Digital Electronic Engine Control

• Display Units

• Navigation and Guidance Units

• Enhanced Grounded Proximity Warning Units

• Various modules for our integrated avionics systems

As an authorized Honeywell Service Center, Air Works will have the capability to support Falcon 2000, Falcon 900 and Falcon F7X aircraft as well as Gulfstream GIV, GV, G450, and G550 aircraft.

"Our goal is to ship parts within 24 hours of order receipt and we are driving for a fully stocked operation by June," Carmassi said. "Expanding our service network into India means we are better positioned to keep our customers in the region flying."