Honeywell International (HON) is foraying into developing a modern air traffic control system. It has been awarded a research program by the Federal Aviation Administration (FAA) to develop advanced air traffic management technology that will enable aircrafts to fly more direct routes and save on operating costs in addition to adhering to flying schedule.
Four-dimensional flight trajectory-based technology will take into account timing and data positions to improve air traffic operations. The technology includes time as the fourth dimension while tracing out a flight path. Aircrafts will be directed to fly faster or slower to avoid airport congestion, which will enable airport traffic management to optimize parking space demand.
Honeywell is a leading supplier of electronics, consumable hardware, engine controls, environmental controls, landing systems, power systems, propulsion engines, aerospace services and space products and systems for the aerospace industry, including commercial and regional airlines, air cargo carriers, as well as Original Equipment Manufacturers (OEMs) of commercial, regional, military aircraft and spacecraft.
Honeywell’s attractive collection of businesses has the potential to earn consistently 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’s proactive restructuring initiatives have positioned it to navigate better than many of its peers, but we have yet to see signs of stabilization in a number of its major end markets.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides turbine propulsion engines, auxiliary power units, environmental control systems, electric power systems, engine systems and accessories, avionics systems, aircraft and obstruction lighting systems, inertial sensor systems, control products, space products and subsystems, management and technical services, and landing systems for aircraft manufacturers, airlines, business and general aviation, military, space, and airport operations.
We currently have a Neutral recommendation on Honeywell.
HONEYWELL INTL (HON): Free Stock Analysis Report
Zacks Investment Research
