In a concerted effort to augment in-flight connectivity within business jets, airline and helicopter operator, Honeywell International Inc. HON introduced two state-of-the-art satellite communications systems. The strategic move will facilitate the company to strengthen its leading position in the Aerospace market.
The two new products, namely Aspire 150 and Aspire 350 satellite communication systems, are lightweight and easy to install. With embedded router, the products will be based on the latest technology upgrade — the Iridium NEXT network. The upgraded technology features will enable operators to reduce operating costs by 30% compared with other legacy satellite communication systems available in the market. In addition, Aspire 350 will enable pilots to take advantage of preferred routing across the globe and satellite voice capabilities by utilizing global Future Air Navigation System datalink.
A few days back, Honeywell announced that its GoDirect Flight Efficiency software was deployed by International Airlines Group, an Anglo-Spanish multinational airline holding company, across its fleet of more than 500 aircraft. This software integrates with existing systems to produce more than 100 analysis reports. These reports improve flight-planning capabilities and provide pilots with key insights, expanding their knowledge of operations and allowing them to learn from previous flight experiences.
The GoDirect solution is a one-stop shop for Honeywell's services and applications that provide airlines, business aviation operators, flight crews and maintenance teams with the information to monitor their services and network.
With continued offerings in the Aerospace business, Honeywell is focusing on expanding its industry-leading range of Connected Aircraft offerings. The company is well-positioned to gain from long-term expansion in markets like aerospace, facility automation and automotive turbochargers on the back of its strong market share and product lineup.
Honeywell’s shares have outperformed the industry in the last six months with an average return of 4.7% against a decline of 11.4% for the latter.
Honeywell has a Zacks Rank #2 (Buy). Other stocks in the industry worth considering include 3M Company MMM, Federal Signal Corporation FSS and Crane Co. CR, each carrying Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M has a long-term earnings growth expectation of 10.2%. It has beaten earnings estimates thrice in the trailing four quarters with an average positive surprise of 3.2%.
Federal Signal beat earnings estimates in each of the trailing four quarters with an average positive surprise of 16.5%.
Crane has a long-term earnings growth expectation of 10.4%. It has beaten earnings estimates in each of the trailing four quarters with an average positive surprise of 2.6%.
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