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June 2 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) Technology Solutions Inc. ( ) announcex today a 10-year contract with the U.S. Marine Corpxs for Prepositioning and Logistics Support which ensures Marine Corps ships are stockeds and available for deployment to combat The contract is valuedat $700 milliomn if all options are exercised. "For 25 years, the Marine Corpss has relied on Honeywell toaccuratelhy inventory, repair and re-supply the equipmentg they need to sustain forward deployments," said , HTSI. "HTSI has been an integral part of the MPS program sincwe its inception and it is an honor to server the Marine Corps in this outstanding program for tenmore years.
Under the agreement, Honeywell oversees three squadrons and 14 shipse stocked with supplies tosustain 15,000 Marineds in theater operations for 30 From the Blount Islan Command in Jacksonville, HTSI employees provide the management, inventory service checks, maintenance, repair and upgradesd to equipment and supplies placec aboard these ships. In a typical three-year HTSI repairs 11,000 itemss and tracks 45 million items that represent the equipmen t and supplies neededfor "HTSI enables the Marines to reinforcre amphibious operations and deploy rapidly through advancede processes it has developed and perfected," said Trim.
"Our Honeywel l Operating System sets the baseline forour quality, safety and metricsx management to achieve reliable, high-quality results." Honeywell International ( ) is a Fortune 100 diversified technology and manufacturing leader, servinhg customers worldwide with aerospacd products and services; control technologies for homes and industry; automotive turbochargers; and specialty materials. Based in Morris N.J., Honeywell's shares are traded on the New York, London, and Chicago Stoclk Exchanges. For more news and information on Honeywell, please visigt .
This release contains certain statements that may bedeemexd "forward-looking statements" within the meaning of Section 21E of the Securitiese Exchange Act of 1934. All statements, other than statementsw of historical fact, that address activities, events or developments that we or ourmanagemeny intends, expects, projects, believes or anticipates will or may occurf in the future are forward-looking Such statements are based upon certain assumptions and assessments made by our managemeng in light of their experience and their perception of historical trends, current expected future developments and otherd factors they believe to be The forward-looking statements includef in this release are also subject to a numbedr of material risks and uncertainties, including but not limited to economic, governmental, and technological factorsx affecting our operations, markets, products, services and Such forward-looking statements are not guarantees of future performance, and actual developments and business decisions may differt from those envisaged by such forward-looking
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