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Employers cut 533K jobs in Nov., most in 34 years- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
Thailand reopens main international airport- Dancers, drummers and apologetic tourism officials greeted travelers Friday at the official reopening of Thailand's main international airport, which was shut down for a week by anti-government protesters.
- A security pact that sets a timetable for troops to leave Iraq requires a shift in how the U.S. carries out combat missions during its remaining time in the country, the top U.S. military commander in Iraq said Friday.
AP IMPACT: Some bailout holdings down $9 billion- Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - about $9 billion - in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.
Hill leader says jobs report argues for car rescue- The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation's beleaguered auto industry even more urgent.
- Barack Obama, who rewrote the book on presidential fundraising, amassed more than $745 million during his marathon campaign, more than twice the amount obtained by his rival, Republican John McCain.
AP Enterprise: Deaths loom over self-defense laws- A convenience store clerk chased down a man and shot him dead over a case of beer this summer and was charged with murder. A week later, a clerk at another Jackson convenience store followed and fatally shot a man he said tried to rob him, and authorities let him go without charges.
- Paul Benedict, the actor who played the English neighbor Harry Bentley on the sitcom "The Jeffersons," has died. He was 70.
Giants' Pierce to meet with NYC investigators- Antonio Pierce is finally going to talk to investigators about what he did on the night Plaxico Burress shot himself.
Honeywell Signs $16 Billion Systems Contract With Airbus on A350 Extra Wide-Body Plane
PHOENIX (Map) - Honeywell (NYSE: HON) announced today that it has been selected to provide the major mechanical systems for Airbus's new long-range, wide-body A350 aircraft.
The contract is expected to generate more than
"We revitalized our customer focus in early 2005, and those efforts,
coupled with Honeywell's unparalleled technologies and experience with
integrated aerospace systems, uniquely positioned us to meet Airbus's
demanding requirements for this next-generation aircraft," said
As part of the agreement, Honeywell will design and build an auxiliary power unit (APU) and provide the APU Installation Kit and APU Starter- Generator. These integrated systems supply pneumatic and electric power for the aircraft while on the ground or in flight. The HGT1700 APU will incorporate proven technologies from Honeywell's fleet of Airbus APUs, optimized with industry-leading technological advancements to reduce weight, maximize performance and reduce direct maintenance to provide safe, efficient, low-cost operations.
The company will also provide integrated systems to manage all of the air used on the aircraft for environmental control, including cabin heating and cooling, and cabin pressurization for increased passenger comfort and safety. The Air Management System, specifically designed for Airbus A350, builds on Honeywell's more than 50 years of providing integrated aircraft systems. Honeywell is the leading supplier of environmental and cabin pressure control systems -- proven in millions of flight hours of commercial service.
"This first contract signed with a major equipment supplier for the A350
is the first concrete example of our new way of working with our suppliers who
are now becoming real partners," said Airbus Executive Vice
"With the A350 we are initiating a different type of relationship with this community. We attribute larger, complete work packages to a smaller number of major suppliers who are now becoming real systems integrators, which should allow them to define a globally much more efficient system," Williams continued. "They are fully responsible for the total process from the initial research and development up to manufacturing/production and integration of the complete element, which they deliver, once fully checked and tested to maturity, to the Airbus production line. We are convinced that, by starting the process very early and fully involving these suppliers as partners in the process, we shall be in a much better position to achieve an even higher maturity at entry into service."
The A350XWB (Xtra Wide-Body) Family is Airbus' response to widespread
market demand for a series of highly efficient medium-capacity long-range
wide-body aircraft. With a range of up to 8,300 nm / 15,400 km, it is
available in three basic passenger versions: the A350-800 accommodating 270
passengers, the A350-900 seating 314, and the A350-1000 for 350 passengers.
The twin engined A350XWB is powered by new generation Rolls
The company will host a media call at
Honeywell International is a
Based in
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 Contact:
Karen Crabtree Bill Reavis
(602) 365-5255 (602) 365-2055
karen.crabtree@honeywell.com bill.reavis@honeywell.com
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