Honeywell (NYSE: HON) Technology Solutions Inc. has been awarded a five year contract with the U.S. Army Prepositioned Stocks-3 (APS-3) Afloat Program. The contract will ensure that all of the Army's ships are stocked and available for deployment to combat zones. If all options are exercised the value of the five year contract would be $125 million. Last June, Honeywell announced a 10 year contract with the U.S. Marine Corps for prepositioning and logistics support services which is valued at $700 million if all options are exercised.
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Honeywell International 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.
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