HAI-EXPO2007

Orlando, FloridaMarch 2007

2 HONEYWELL - CONFIDENTIAL File Number

0

4000

2002-2006 2007-2011

2007 Civil Helicopter Outlook: Higher Deliveries

• 9th annual operator survey

• 5 year purchase plans rose strongly from 2006 base

• 5 year forecast for new turbine helicopter deliveries up 40%

• Strong buyer interest in light single and intermediate multi-engine models

• New helicopter purchase decision focus:- Avionics capabilities

- Performance / power

- Lower operating costs

Accelerating Growth for Civil Turbine Helicopters

Hel

ico

pte

r D

eliv

erie

s

40% Increase

2,500

3,500

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5 Year Survey Expectations for New Helicopters

• 2007 expectations rose strongly over the 2006 survey

• Current buying plans increased 8% over 2006 levels

2007 Survey Expectations at Record Levels

Planned Fleet Replacements & Additions by Year

AddReplace

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Five Year Operator Purchase Plans for New Helicopters by Region

Strong Increases in Asia, Africa Middle East North America & Europe also Up

Percent of Fleet to be Replaced or Expanded with Aircraft Purchased New

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Five Year World Demand for New Helicopters

Asia - second largest regional demand based on survey

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Purchase Plans For New Helicopters By Size Class

(Operator Responses: Share of Total Mentions)

50% 50%

55% 55%

51%

19%

13%16% 15% 16%

28% 29%

25%

28% 29%

3%

7%4%

1%5%

0%

10%

20%

30%

40%

50%

60%

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

Light Single Engine

Light Twin Engine

Intermediate Twin Engine

Heavy Multi- Engine

Light Single & Intermediate Twin Most Popular Choices

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Planned Usage of New Helicopter Purchases

Note: Data does not add to 100% due to multiple uses for some aircraft and excludes miscellaneous applications such as Tourism, Agriculture, Recreation, Experimental Testing Etc.

29%

25%

31%

9%11%

10%

8%

14%

27%

19%

22%

14%16%

27%

16%

13%

25%

19%

3%4% 3%

2% 2%

25%

14%15%

11%

20%

26%

34%

0%

10%

20%

30%

40%

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

2003

2004

2005

2006

2007

CorporateOffshore

Oil SupportEmergency

Medical Svcs.Law

Enforcement

Strong Increases in Security, Oil & Utility Applications

News & Television

General

Utility

8 HONEYWELL - CONFIDENTIAL File Number

Light Single-Engine

Light Twin-Engine

Intermediate Twin-Engine

0

200

400

600

800

1000

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Hel

ico

pte

r U

nit

s

Heavy-Lift

History Forecast

Honeywell Delivery Outlookfor Civil Turbine Powered Helicopters

22%22%

53%53%

18%

SegmentShare of

Deliveries

Over 8,000 New Turbine Powered Helicopter Deliveries Projected from 2007-2017

7%7%