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Honeywell To Offer Cockpit Avionics For United Airlines Fleet

By Zacks Investment ResearchStock MarketsJan 18, 2018 08:55PM ET
www.investing.com/analysis/honeywell-to-offer-cockpit-avionics-for-united-airlines-fleet-200281758
Honeywell To Offer Cockpit Avionics For United Airlines Fleet
By Zacks Investment Research   |  Jan 18, 2018 08:55PM ET
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Honeywell International Inc. (NYSE:HON) has announced that it will provide United Airlines with key cockpit avionics for more than 150 Boeing (NYSE:BA) 737 MAX aircraft. The delivery of these technologies will take place in April 2018.

Honeywell's SmartRunway and SmartLanding software will be included as part of the deal. These are expected to greatly decrease the risk of long landings, hard landings, tail strikes and runway excursions, especially since majority of aviation accidents occur during aircraft approach and landing. Honeywell's IntuVue RDR-4000 3D Weather Radar System will also be included.

The first of its kind, IntuVue RDR-4000 with its superior technology to combat weather hazards, aims to help the aerospace industry and the U.S. economy save billions of dollars in annual expenses caused by weather related delays and cancellations. Integrated Multi-Mode Receiver, a fully digital navigation receiver is the industry’s only receiver to combine satellite-based and ground-based navigation systems into one. These technologies are expected to help increase passenger comfort and safety.

By providing these technologies Honeywell will help United Airlines meet the upcoming Federal Aviation Administration regulations.

Honeywell's Aerospace unit develops innovative technologies designed to make aircraft safer and more fuel-efficient. Currently, the Zacks Consensus Estimate for revenues from the Aerospace unit for fourth-quarter 2017 is $3,873 million, which is relatively higher than the year-ago figure of $3,666 million. The increase in revenues can be attributed to a recent increase in demand of Aerospace’s products and services by aircraft manufacturers, airlines and the U.S. military.

Since revenues from the Aerospace business constitute the majority of total revenues for the company, this can spell good news for its profitability. Shares of the company have outperformed the industry in the last three months with an average return of 9.8% against a decline of 1.9% for the latter.



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

Raven has an expected long-term earnings growth rate of 10%. It exceeded estimates thrice in the trailing four quarters with an average beat of 25.8%.

3M has an expected long-term earnings growth rate of 10.2%. It exceeded estimates thrice in the trailing four quarters with an average beat of 2.5%.

Leucadia National has an expected long-term earnings growth rate of 18%. It exceeded estimates thrice in the trailing four quarters with an average beat of 21.2%.

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3M Company (MMM): Free Stock Analysis Report

Honeywell International Inc. (HON): Free Stock Analysis Report

Leucadia National Corporation (LUK): Free Stock Analysis Report

Raven Industries, Inc. (RAVN): Free Stock Analysis Report

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Zacks Investment Research
Honeywell To Offer Cockpit Avionics For United Airlines Fleet
 

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Honeywell To Offer Cockpit Avionics For United Airlines Fleet

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