Honeywell International Inc. (HON) has been awarded a cost-plus fixed fee $4.6 million contract for delivery, testing and display of Micro-Grid at Wheeler Air Base, Hawaii, for 18 months of performance with 12 months of operation and evaluation, beginning in September 2010. The company is developing Micro-Grid technology to increase efficiency and reduce fossil fuel costs in remote U.S. Army locations.
The contract has been awarded by The U.S. Army Tank Automotive Research Development Engineering Center (TARDEC).
The system will enable the Army to decrease the number and size of generators needed. The Micro-Grid can also interface and control legacy generators. Additionally, it will provide electrical energy in remote locations and improve power availability. The Micro-Grid also minimizes power outages.
Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals and energy efficient products and solutions for homes, business and transportation.
Honeywell’s attractive collection of businesses has the potential to earn consistent above-average returns. The company’s focus on working capital management, free cash flow generation and balance sheet strength remain positive attributes in the current weak environment.
The company is a global leader in refrigerants, aerosols and foam-insulation blowing agents used to replace ozone-depleting Chlorofluorocarbon and Hydro chlorofluorocarbons. These same products also improve the energy efficiency of homes, appliances and commercial refrigeration systems.
We currently have a Neutral recommendation on Honeywell.
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