Reduced Maintenance Costs

With the design improvements of the TFE731-50R, Hawker Beechcraft has lowered its overall maintenance costs thanks to periodic inspections of 3,000 hours and core zone inspection intervals of 6,000 hours as compared to 2,100 and 4,200 respectively on the original engines. Durability enhancements extend engine life and reduce maintenance costs.This same Honeywell engine also powers the Hawker 900XP, delivering higher performance, range, efficiency and increased value.

The TFE731-50R engine is the latest evolution in Honeywell’s family of new TFE731-20/-40/-60 engines that entered service in 1996. The TFE731-20/40/50/60 fleet has accumulated nearly eight million hours of operation with more than 2,900 engines in service. Honeywell’s classic series TFE engine family, the TFE731-2/3/4 and 5 series engines have accumulated more than 74 million hours of operation with nearly 9,200 engines in service and are backed by Honeywell’s industry-leading Maintenance Service Plan and exceptional global customer support network.

Based in Phoenix, Arizona, 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.Honeywell International is a Fortune 100 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, and Chicago Stock Exchanges.

Honeywell and the Honeywell logo are the exclusive properties of Honeywell International, Inc., are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners.

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate.

November 24, 2011

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