Honeywell Software To Aid Airlines To Cut Costs & Save Fuel

Honeywell International Inc. (NYSE:HON) announced that its GoDirect Flight Efficiency software is being deployed by International Airlines Group (LON:ICAG), an Anglo-Spanish multinational airline holding company, across its fleet of more than 500 aircraft. It will use the Connected Aircraft flight data analytics platform, which uses flight analysis tools, to reduce carbon emissions, enhance efficiency and reduce fuel costs.

Honeywell’s GoDirect Flight Efficiency software integrates with existing systems to produce more than 100 analysis reports. These reports improve flight-planning capabilities and empower pilots with key insights, helping to expand their knowledge of operations and allowing them to learn from previous flight experiences.

The GoDirect solution is a one-stop shop for Honeywell's services and applications that provide airlines, business aviation operators, ???ight crews and maintenance teams with the information they need to monitor their services and network.

Honeywell is focusing on expanding its industry-leading range of Connected Aircraft offerings. It has set a new benchmark with the launch of its newest connectivity solution, the GoDirect Router.

The GoDirect Router maximizes available onboard Wi-Fi bandwidth and offers reliable, in-flight wireless connection on any network, including Honeywell's own GoDirect Cabin services. The router enables fast and reliable connectivity that passengers, pilots and operators expect.

Its small design and light weight make it easy to install and suitable for all kinds of aircraft. It also gives access to all kinds of data and services that increase safety and at the same time saves time and money.

The new router provides the same access to Honeywell's GoDirect software and services as Honeywell's larger CNX-900, irrespective of the connectivity provider. It is an upgrade for Honeywell's existing CNX-250, CNX-200 and other Satcom Direct routers.

Honeywell is well-positioned to gain from long-term expansion in markets like aerospace, facility automation and automotive turbochargers on the back of its strong market share and product lineup. Honeywell’s shares have outperformed the industry in the last three months. It has lost 2% compared with a decline of 5.3% for the industry. The company continues to invest in innovative technologies, which helps to maintain its leadership position.

Zacks Rank and Stocks to Consider

Honeywell carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are Leucadia National Corporation (NYSE:LUK) , Raven Industries, Inc. (NASDAQ:RAVN) and 3M Company (NYSE:MMM) . While Leucadia and Raven sport a Zacks Rank #1 (Strong Buy), 3M carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Leucadia has an expected long-term earnings growth rate of 18%. It exceeded earnings estimates thrice in the trailing four quarters with an average of 6.6%.

Raven has an expected long-term earnings growth rate of 10%. It surpassed earnings estimates thrice in the trailing four quarters with an average of 20.2%.

3M has an expected long-term earnings growth rate of 10.2%. It trumped earnings estimates in three of the trailing four quarters, with the average being 3.2%.

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