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PHOENIX, Ariz., N.Y, 22 November 2004. Honeywell and IBM announced today that they have signed a 10-year engineering and technology services agreement that covers electronics for aircraft, munitions, and space and surface vehicles.
Under the terms of the agreement, Honeywell's defense electronics business will gain access to IBM's engineering expertise, technologies, research and development, and manufacturing processes and facilities, in order to accelerate its design and production of new network-centric battlefield components and systems. In return, it provides IBM with military and aerospace resources and expertise, and access to avionics customers.
"Working with IBM will allow us to accelerate the development of new defense and space technologies," said Ed Wheeler, vice president and general manager, Honeywell's Defense and Space Electronic Systems (DSES) business. "IBM's expertise in high-bandwidth communication and protocols as well as the high-performance information processing and network management tools for use on vehicles will provide our military customers with advanced systems quickly and more cost-effectively.
"Honeywell will continue in its longstanding position as a leading source of development programs in the defense and space industry," Wheeler said. "DSES will only be boosted by our access to IBM technology through this alliance."
Pat Toole, the general manager of IBM Engineering and Technology Services, said, "Honeywell has been involved in almost every type of vehicle that flies or orbits the earth, and so teaming with the company will allow IBM to expand its services, system and software presence in commercial and military aerospace. Leveraging unique technologies, such as our Power Architecture, we will work together to create a diverse array of network-centric products."
Honeywell International is a $25 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, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For more information, see www.honeywell.com.
IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. Drawing on resources from across IBM and key Business Partners, IBM offers a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of the new era of on demand e-business. For more information, see www.ibm.com.
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