Advanced Turbine Engine Company Selected to Demonstrate Innovative Capability for Future Vertical Lift Helicopters

Huntsville, Ala., Oct. 4, 2016 – The U.S. Department of the Army has awarded a contract to the Advanced Turbine Engine Company (ATEC) – a joint venture of Honeywell and Pratt & Whitney – for the development and demonstration of advanced engine capabilities that could be applicable to a new fleet of future vertical lift combat helicopters.

The contract, part of the Army’s Alternate Concept Engine (ACE) program, is a science and technology effort intended to develop and validate new engine designs that will significantly improve vertical lift, range, speed, payload, survivability, and reliability for Army Aviation rotorcraft. Under the ACE program, ATEC will demonstrate advanced variable speed turbine capabilities as well as other advanced technologies in a demonstrator engine test. In addition, the program is also focused on reducing operational and life cycle costs, and the logistical footprint for both the engine and future rotorcraft.

“We are excited to play such a significant role in meeting the needs of Army Aviation through our involvement in the ACE program,” said Craig Madden, president of ATEC. “We are focused on ensuring warfighter success by delivering state-of-the-art technology improvements for the Army’s future vertical lift platforms.”

“ACE gives us the opportunity to build on a very successful demonstration of our HPW3000 engine, and to add the variable speed turbine and other advanced features that are directly applicable to future vertical lift,” added Madden. “We are honored to have gained the confidence of the Army customer and to be entrusted with their next advanced demonstrator engine program.”

In addition, ATEC was recently awarded a contract for Preliminary Design Review (PDR) of the Improved Turbine Engine (ITE), a more powerful and fuel efficient engine for the Army’s fleet of UH-60 Black Hawk and AH-64 Apache helicopters.

The ATEC joint venture of Honeywell (NYSE: HON) and Pratt & Whitney, a division of United Technologies Corporation (NYSE:UTX), brings together the world-class engineering, manufacturing, and production capabilities of two industry-leading companies perfectly suited for accomplishing the goals of the Army’s Advanced Concept Engine program.

To learn more about ATEC, visit www.dualspoolrules.com, Twitter, Facebook, or LinkedIn.

This press release contains forward-looking statements concerning opportunities for development and potential production of helicopter engines. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices, budget plans, and availability of funding; challenges in the design, development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in filings submitted by UTC and by Honeywell to the Securities and Exchange Commission.

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Pratt & Whitney

Matthew Bates

Pratt & Whitney Media Contact

Nathan Drevna

Nathan Drevna

Honeywell Media Contact

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