Honeywell Completes Sale of First Technology Safety and Analysis Business

MORRIS TOWNSHIP, N.J., May 19, 2006 -- Honeywell today announced that it has completed the sale of the First Technology Safety & Analysis (FTSA) business to HgCapital, a European private equity investor, for GBP 50 million (USD 93.8 million). FTSA is a leading provider of crash test dummies, crash walls and instrumentation, as well as load cell products and strain gauge services primarily for the automotive industry.

"The completion of the FTSA sale is another example of the efficiency and effectiveness of Honeywell's acquisition process," said Honeywell Chairman and Chief Executive Officer Dave Cote. "The divestiture of FTSA represented a good opportunity to exit a non-core acquired business on an expedited basis, at attractive terms."

FTSA was one of three businesses that were part of the First Technology acquisition completed by Honeywell on March 24, 2006. Honeywell is integrating First Technology's Gas Sensing business into its Automation and Control Solutions (ACS) business and continues to assess the strategic fit of the Automotive & Special Products (ASP) business.

"The integration of the First Technology Gas Sensing business into our ACS business and newly formed Honeywell Analytics unit is proceeding on schedule," continued Cote. "This business gives Honeywell a strong position in the high-growth gas sensing and detection industry."

All references to U.S. dollars herein use a GBP conversion of 1.875.

Honeywell International is a $30 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 additional information, please visit http://www.honeywell.com/.

This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

  Media:                      Investor Relations:
  Robert C. Ferris            Nicholas Noviello
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