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

CEDAR RAPIDS, Iowa and MINNEAPOLIS (November 03, 2005) - Rockwell Collins (NYSE: COL) and Honeywell (NYSE: HON) today announced the formation of a limited liability company that will offer customers a new series of integrated precision guidance solutions for precision guided weapons.

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

Integrated Guidance Systems LLC combines the strengths of two defense industry leaders.  The LLC will provide deeply integrated guidance and navigation solutions, enabling its customers to meet new and emerging enhanced performance requirements. 

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

New guidance offerings will be made possible through the combination of Rockwell Collins' military GPS receiver technology and Honeywell's MEMS IMU and navigation processing technologies using an advanced coupling process called Deep Integration that increases navigation accuracy in GPS jammed or denied environments. 

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

The LLC combines intellectual property of the two companies to create best-value solutions for its customers.  It builds on the Deeply Integrated Guidance and Navigation Unit (DI-GNU) development and solid track record of successful guided flight tests.

"We are excited about the game-changing potential of our jointly developed products.  In addition to the innovative development capabilities of our two global companies, we also offer world-class high-volume manufacturing facilities and world-wide support infrastructure.  We are pleased to announce the formation of Integrated Guidance Systems LLC, and we stand ready to respond to our customers' needs," Houlton said.

Honeywell International is a $26 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 www.honeywell.com

Based in Phoenix, 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.

Rockwell Collins (NYSE: COL) is a worldwide leader in the design, production, and support of communication and aviation electronics for commercial and government customers. The company's 17,000 employees in 27 countries deliver industry-leading communication, navigation, surveillance, display, flight control, inflight entertainment, information management, and maintenance, training and simulation solutions. Additional information is available at www.rockwellcollins.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions.  Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

# # #

GS-NR-10