Honeywell Completes Sale of Consumables Solutions Business

(Phoenix, July 28, 2008) -- Honeywell Aerospace (NYSE: HON) announced today that it has completed the sale of its Consumables Solutions business to B/E Aerospace for $1.05 billion, consisting of $901.4 million in cash consideration and six million shares of B/E Aerospace common stock.

"Honeywell Aerospace is focused on delivering advanced technologies that help enhance the safety and security of global air travel," said Rob Gillette, Honeywell Aerospace President and Chief Executive Officer. "The sale of the Consumables Solutions business helps to better align our business with this strategic objective and positions us to continue to build on our great positions within the aerospace industry."

Consumables Solutions is a global distributor of aerospace fasteners and hardware, and provides custom logistics services to original equipment manufacturers, airlines, repair shops, flight service centers and distributors.

Source : Honeywell

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