
Please try another search
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.
PLTR stock has moved sideways since going public in late 2020 The company’s financial performance, however, has been solid, answering two key questions surrounding the...
In Tuesday's post I outlined how institutional investors are rerouting funds from Alibaba (NYSE:BABA) to Amazon (NASDAQ:AMZN), and I suggested it might be due to the regulatory...
U.S. data mixed after two quarters of negative growth Citi Economic Surprise Index is below zero But Goldman Sachs reports recent data has been better than expected Fed closely...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.