-- Company Planning For Conservative Sequestration Scenario
-- Modest Defense Declines Expected In 2013, Resumption Of Growth Anticipated In 2014
-- Honeywell Outlook Reflects Strong Backlog And International Wins
Honeywell (HON) today announced that Mike Madsen, President Defense & Space, will be presenting at the Honeywell Defense & Space Investor Day in Washington D.C. on Monday, November 19, 2012 at 10 a.m. EST.
Topics covered during the event will include a discussion of Honeywell's unique organizational structure, which includes a supply chain and engineering workforce common to its commercial and defense businesses and positions the company well in the face of future budget challenges. The company will also cover a deeper look at the U.S. and international defense budget landscape, sequestration scenarios, and 2013-2014 planning assumptions for the defense business.
"Honeywell has done a terrific job in expanding into international markets and attractive adjacencies that fit with our great positions in good industries approach," said Mike Madsen, President, Honeywell Defense & Space. "In addition, we're working closely with the Department of Defense (DoD) in providing retrofits and upgrades, which are improving efficiency and safety while extending the life of several proven platforms. We're also using our company-wide expertise in energy efficiency to help the DoD reduce operating costs. Through these programs and others, we're offering real solutions based on existing Honeywell technologies and programs to help the military cut costs while actually enhancing mission capability."
A real-time audio webcast of the presentation can be accessed at http://www.honeywell.com/investor, where related materials will also be posted prior to the presentation. The presentation materials will be in Adobe Acrobat format. A replay of the webcast will be available following the presentation at the same link listed above for 30 days.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.