Diversified technology company Honeywell International Inc. HON announced that its upgraded navigational technology will be available as an option on Airbus A320 and A330 aircraft in early 2018.
With the new Integrated Multi-Mode Receiver (IMMR), Airbus customers will gain access to the most modern precision navigation capabilities. Honeywell thus presents a cost-efficient solution that raises airport traffic capacity while minimizing weather-related hold-ups, noise and operating costs through more competent routing and enhanced navigation performance.
The new navigation receiver will facilitate airline operators to leverage the most recent enhancements in satellite-based navigation. For example, they would be able to use Honeywell's SmartPath Ground-Based Augmentation System (GBAS), which enables more accurate approach and landing access than today's land-based systems. The new navigation receiver will also offer expanded capabilities for landing in very-low-visibility weather conditions.
As the industry's only all-digital navigation radio that integrates multiple navigation functions into a single receiver, IMMR reduces size and weight up to 50% relative to the currently available solutions. Thus, it will make it easier for pilots to fly more complicated and accurate flight paths and approaches by using GPS satellites to pinpoint the aircraft's location with extreme precision.
Being software upgradeable to support safe and successful GBAS GLS Category III approaches and landings, the IMMR will support future growth and enable pilots to fly and land the aircraft in bad weather conditions and low visibility. The solution is also made to support multiple satellite-based navigation solutions beyond GPS.
Honeywell’s IMMR will thus enable airlines to meet current industry navigation mandates and be prepared to incorporate future enhancements by way of simple software upgrades.
Honeywell presently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include Danaher Corp DHR, ServiceMaster Global Holdings, Inc. SERV and Barnes Group Inc. B, each carrying a Zacks Rank #2 (Buy).
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