Honeywell, Lockheed Martin Sign Deal To Grow Capabilities And Presence In Czech Republic

Brno, Czech Republic, Jun. 05, 2023 –Honeywell (NASDAQ: HON), a world leader in the design, integration, and manufacture of commercial and military aerospace technologies, and Lockheed Martin, a global security and aerospace company, signed a Memorandum of Understanding (MOU) at the recently concluded International Defense and Security Technologies Fair (IDET) in Brno, Czech Republic. The agreement outlines collaboration to identify growth opportunities in the Czech Republic, marking an important expansion milestone for Honeywell on the F-35 Lightning II platform.

The agreement provides Honeywell the opportunity to participate in development projects in the Czech Republic using high-end manufacturing technologies to create growth in country and regionally. The agreement outlines the intention for work to be performed out of Honeywell Aerospace’s operations in Olomouc, Czech Republic, extending advancements in aerospace technology, mentorship of small, medium enterprises, and participation with local universities.

The intent is to provide localization of support which reduces turnaround time, lowers the spares pool, provides operational flexibility and increased aircraft availability, while also providing access to new technological jobs and local investment to the country.

Honeywell is already a proud collaborator with Lockheed Martin and continues to look forward to supporting advancements of their products worldwide.

(left to right): Jan Rysner (Honeywell), Michal Jornicek (Honeywell) Ludek Nechleba (Honeywell), Martin Šebesta (Honeywell), Zuzana Čižmárová (Honeywell), Grant Blaeser (Lockheed Martin), Jonathon Linn (Lockheed Martin), Dustin Langford (Lockheed Martin), Jakub Hoda (Lockheed Martin)

About Honeywell

Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The Aerospace business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero.

Honeywell (www.honeywell.com) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.