Honeywell and Rockwell Collins to Offer Integrated Guided Weapons Technologies; New Entity Will Be Known as Integrated Guidance Systems LLC; MEMS and GPS to Guide Advanced Precision Weapons

The new entity, Integrated Guidance Systems LLC, is a HoneywellInternational/Rockwell Collins 50/50 joint venture. While offering anew integrated series of guidance products, both Honeywell andRockwell Collins will continue to offer their existing MicroElectronic Mechanical Systems (MEMS) and Global Positioning System(GPS) products that are used on current precision weapons.

Integrated Guidance Systems LLC combines the strengths of twodefense industry leaders. The LLC will provide deeply integratedguidance and navigation solutions, enabling its customers to meet newand emerging enhanced performance requirements.

"Rockwell Collins' GPS receivers and Honeywell's MEMS InertialMeasurement Units (IMUs) are complementary technologies that willdeliver very small, low-cost, highly precise guided weapons systems,"said Ron Hornish, Vice President and General Manager of Sensor Systemsfor Rockwell Collins. "Each company is applying research anddevelopment efforts to integrate these two technologies in order toproduce a superior total solution."

New guidance offerings will be made possible through thecombination of Rockwell Collins' military GPS receiver technology andHoneywell's MEMS IMU and navigation processing technologies using anadvanced coupling process called Deep Integration that increasesnavigation accuracy in GPS jammed or denied environments.

"The lightweight, rugged designs will be ideally suited forexisting and emerging precision guided missiles, munitions, andgun-launched projectiles," said Joel Houlton, Vice President andGeneral Manager of Honeywell's Missiles and Munitions business unit."And with the Deep Integration of Honeywell and Rockwell Collinstechnologies, this new LLC will reduce hardware content on precisionmunitions. This will also yield increased reliability compared withcurrent offerings in today's demanding tactical environments."

The LLC combines intellectual property of the two companies tocreate best-value solutions for its customers. It builds on the DeeplyIntegrated Guidance and Navigation Unit (DI-GNU) development and solidtrack record of successful guided flight tests.

"We are excited about the game-changing potential of our jointlydeveloped products. In addition to the innovative developmentcapabilities of our two global companies, we also offer world-classhigh-volume manufacturing facilities and world-wide supportinfrastructure. We are pleased to announce the formation of IntegratedGuidance Systems LLC, and we stand ready to respond to our customers'needs," Houlton said.

Honeywell International is a $26 billion diversified technologyand manufacturing leader, serving customers worldwide with aerospaceproducts and services; control technologies for buildings, homes andindustry; automotive products; turbochargers; and specialty materials.Based in Morris Township, N.J., Honeywell's shares are traded on theNew York, London, Chicago and Pacific Stock Exchanges. It is one ofthe 30 stocks that make up the Dow Jones Industrial Average and isalso a component of the Standard & Poor's 500 Index. For additionalinformation, please visit www.honeywell.com

Based in Phoenix, Honeywell's aerospace business is a leadingglobal provider of integrated avionics, engines, systems and servicesolutions for aircraft manufacturers, airlines, business and generalaviation, military, space and airport operations.

Rockwell Collins (NYSE:COL) is a worldwide leader in the design,production, and support of communication and aviation electronics forcommercial and government customers. The company's 17,000 employees in27 countries deliver industry-leading communication, navigation,surveillance, display, flight control, inflight entertainment,information management, and maintenance, training and simulationsolutions. Additional information is available atwww.rockwellcollins.com.

This release contains forward-looking statements as defined inSection 21E of the Securities Exchange Act of 1934, includingstatements about future business operations, financial performance andmarket conditions. Such forward-looking statements involve risks anduncertainties inherent in business forecasts as further described inour filings under the Securities Exchange Act.