Honeywell is Only U.S. Company Selected in the Competition
PHOENIX, Aug. 9, 2010 -- Honeywell (NYSE: HON) announced today that it will provide the stability equipment for Argentina’s first geostationary telecom satellite in a contract worth $2.4 million.
Honeywell’s Reaction Wheel Assemblies (RWA) and Miniature Inertial Measurement Units (MIMU) are integral parts of the ARSAT-1 satellite’s Attitude Control System.
“Honeywell is the only U.S. company selected in the competition for Argentina’s first GEO satellite program” said Dave Douglass, Honeywell vice president of Space, Missiles and Munitions. “Honeywell’s RWAs provide fine attitude control required by satellite communication networks.”
The ARSAT-1 will be developed by the Empresa Argentina de Soluciones Satelitales S.A., Argentina’s first geostationary satellite, scheduled to launch in 2012. The satellite will provide data, telephone and television transmission services for Argentina, Chile, Uruguay, Paraguay and Bolivia.
Honeywell’s RWA and momentum wheel assemblies (MWA) are reliable, lightweight solutions to a variety of momentum control needs, providing stability and attitude-control for small to very large, heavy spacecraft. RWAs and MWAs from Honeywell have accumulated more than 65 million hours of 100 percent successful on-orbit operation – the equivalent to more than 7,400 years of accumulated time on orbit – and have never caused a mission to end prematurely.
ARSAT is a company incorporated by the Argentine Government to develop geostationary orbital slots assigned to the Argentine Republic by means of telecommunications satellites developed and built in Argentina, and to operate them and provide all kind of satellite services, voice, data, audio and video, to customers across the Americas. Currently holding Argentine orbital slots 81 degrees West and 72 degrees West, ARSAT is providing service to customers using satellite capacity obtained through strategic and commercial agreements with global operators.
Based in Phoenix, Arizona, 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.
Honeywell International (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; 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 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 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.