Honeywell to Build New Turbocharger Plant in Slovakia

Expanded Footprint Critical to Meet Growing Demand for Turbochargers Worldwide

PRESOV, Slovakia, March 31, 2011 - Honeywell (NYSE: HON) announced today that it will invest in a
new turbocharger manufacturing facility in Presov, Slovakia. The new plant
will initially produce turbochargers for light vehicle and light vehicle
commercial vehicle applications and is expected to be operational by 2012.

The new Slovakia facility will supplement Honeywell's global
footprint and address the rapid increase in turbo adoption around the world.
Honeywell expects global vehicle production to increase in 2011 and beyond,
and the turbocharger segment is expected to grow by more than two million
vehicles this year alone. In the next five years, turbo penetration is
expected to nearly double as automakers turn to turbos as a technology
enabler to meet fuel economy and emissions regulations around the world.

"The new plant in Slovakia further extends Honeywell's
leadership in the development of turbochargers," said Alex Ismail, president
and CEO of Honeywell Transportation Systems. "Turbochargers give car- and
truck-makers the flexibility to downsize their engines to increase fuel
efficiency as much as 40 percent and reduce emissions without sacrificing the
performance that consumers demand."

Last year, Honeywell was awarded more than $3 billion of new
business over the life of the programs and expects to introduce more than 100
new turbo applications this year alone, and has more than 500 engine
applications in its development pipeline.

Honeywell Turbo Technologies is the leading automotive
turbocharger developer in the world, supplying technology solutions to nearly
every major automaker in the world. The Turbo Technologies business is part
of Honeywell Transportation Systems, which enhances vehicle performance,
efficiency and appearance through state-of-the-art technologies, world-class
brands, and global solutions tailored for its automotive customers around the
world.

Honeywell's full technology portfolio includes applications
ranging from micro-turbos with volume displacements of less than 1L to
extra-large turbos on commercial vehicle applications in excess of 100L.
These applications apply to gasoline, diesel and hybrid engines and are
available in regions all around the world.

Honeywell International (www.honeywell.com) 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. For more news and information on Honeywell, please visit
www.honeywellnow.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.

Mike Stoller, Honeywell Transportation Systems, +1-734-392-5525, michael.stoller at honeywell.com; or Nicolas Muzi, Weber Shandwick, +32-2-894-90-44, nmuzi at webershandwick.com