Tag: HON

Eve announces list of eVTOL suppliers

January 29, 2024 / WIL BALDWIN

Melbourne, Florida, January 29, 2024 – Eve Air Mobility (NYSE: EVEX) has named four additional suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Thales will supply a proven air data solution, comprising sensors and a computer while Honeywell (NYSE: HON) will supply guidance, navigation and external lighting for the aircraft. RECARO Aircraft Seating will supply the eVTOL’s seats and FACC will supply the horizontal and vertical tail including the rudder and elevator.

Honeywell will supply guidance and navigation products including magnetometers, GPS-aided attitude & heading reference systems, and inertial reference systems built upon decades of engineering and manufacturing experience. These systems will relay and aid the pilots and other onboard systems to ensure safe and efficient flight. The company will also supply external lighting for the aircraft.

Thales will supply a proven air data solution, comprising sensors and computer, which gather critical data such as airspeed, altitude and environmental conditions. The solution then relays the information to pilots and onboard systems to ensure safe and efficient flight in all weather conditions.

RECARO Aircraft Seating, a global supplier of premium aircraft seats for airlines, OEMs and eVTOL aircraft, was selected to design, certify and produce the four passenger seats and one pilot seat for the aircraft. RECARO is widely recognized for product innovation, award-winning customer service and commitment to reliability, efficiency and sustainable practices.

FACC was selected to lead the development and production of the eVTOL’s horizontal and vertical tail including its rudder, elevator and the aircraft’s aileron. FACC is recognized for its production of lightweight components relying on innovative manufacturing techniques and technology.

These new suppliers are in addition to Garmin (NYSE: GRMN), Liebherr Aerospace and Intergalactic that were announced in October and Nidec Aerospace LLC, a joint venture between Japan’s Nidec Corporation and Brazil’s Embraer SA (B3: EMBR3), BAE Systems PLC (London: BAES) and DUC Hélices Propellers which were announced at the Paris Air Show this past summer.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Heart Aerospace & Honeywell to collaborate on Flight Controls for ES-30 electric airplane

September 11, 2023 / WIL BALDWIN

Swedish electric airplane maker Heart Aerospace and Honeywell, a leader in aerospace technology, have announced a collaboration to integrate Honeywell’s next-generation flight control system into the new ES-30 regional electric airplane.

Honeywell International Inc (NASDAQ: HON) was selected by Heart Aerospace for the Joint Definition Phase of Heart’s ES-30 airplane, and the goal, once the phase has been completed successfully, is to fully integrate Honeywell’s compact Fly-by-Wire system into development for production.

Honeywell’s next-generation compact Fly-by-Wire system is in an advanced stage of development on multiple aircraft, and its functions are adaptable to the ES-30, allowing Heart to bring its airplane to market quickly and cost-effectively.

The ES-30 is a regional electric airplane with a 30-passenger standard seating capacity and is driven by electric motors powered by batteries. It will have a fully electric zero-emissions range of 200 kilometers, an extended hybrid range of 400 kilometers with 30 passengers, and flexibility to fly up to 800 kilometers with 25 passengers, all with typical airline reserves.

Heart Aerospace has 250 firm orders for the ES-30, with options and purchase rights for an additional 120 planes.

Honeywell Technology For Drones Increases Range With Hydrogen Fuel Cells

August 18, 2021 / WIL BALDWIN

PHOENIX, Aug. 18, 2021 /PRNewswire/ — Honeywell (NASDAQ: HON) is developing a new technology suite for light drones that allows them to fly three times longer and with less human intervention. Compared with traditional drones using batteries and line-of-sight radio links, drones equipped with Honeywell’s Beyond Visual Line of Sight (BVLOS) technologies can fly farther, carry more weight, avoid hazards up to three kilometers away and stream video of their progress anywhere in the world.

Honeywell’s BVLOS (pronounced bev-loss) systems are ideal for missions where distance or terrain interfere with radio links or visual guidance. Applications include last-mile package delivery, military intelligence, surveillance and reconnaissance, pipeline and power line inspection, search and rescue, or use by first responders.

The technologies draw upon Honeywell’s decades of experience building and certifying avionics, engines, and APUs for airplanes, helicopters and military drones.

The BVLOS suite comprises:

Honeywell’s 600-watt and 1200-watt hydrogen fuel cells
Honeywell’s RDR-84K multipurpose radar
Honeywell’s inertial measurement units (IMUs)
Honeywell’s UAV Satcom – the world’s smallest and lightest satellite transceiver

The fuel cells in the BVLOS suite operate three times longer than batteries with equivalent output. They work silently, unlike gasoline engines, and emit no greenhouse gases. Operators can refuel or swap hydrogen tanks in minutes, enabling more time in the air.

Honeywell’s RDR-84K is a phased-array radar that steers beams electronically, meaning it has no moving parts and requires minimal maintenance. It also requires no heavy cooling systems.

In addition to avoiding other aircraft, the radar can detect obstacles, map terrain and identify landing zones. It can act as a radar altimeter and provide mapping for alternate navigation if GPS guidance fails.

The BVLOS suite will allow drone designers to combine data in clever new ways to save weight and power. Its radar computes an avoidance path using built-in circuitry, rather than requiring a separate processor. Its satellite uplink can be used to download real-time weather and traffic reports from other drones.

Honeywell’s UAV Satcom and IMUs are available now, with some IMU models priced as low as $1,800. The RDR-84K and fuel cells are in late-stage development, and prototype fuel cells are available for purchase and evaluation now.

DENSO and Honeywell Ascend Into Urban Air Mobility With Expanded Alliance

May 25, 2021 / WIL BALDWIN

SOUTHFIELD, Mich., and PHOENIX, May 24, 2021 /PRNewswire/ — DENSO, a leading mobility supplier, has signed a long-term agreement with aerospace leader Honeywell (NASDAQ: HON), establishing an alliance focused on electric propulsion units to meet new aerospace needs. Drawing from their automotive and aerospace backgrounds, the companies will develop and manufacture electric propulsion systems for aircraft, initially prioritizing the urban air mobility (UAM) segment with a focus on air taxis and delivery vehicles.

DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test configurations of the electric propulsion systems within the next year. This focus on electrified power sources will not only help the companies fulfill UAM’s promise of providing cleaner, safer, more efficient, quieter and freer-moving transportation in and between cities, but also strengthen each company’s efforts to achieve carbon neutrality by 2035.

The formal alliance follows the companies’ initial teaming agreement in 2019. DENSO’s ability to produce quality components at mass scale paired with Honeywell’s storied aerospace expertise make for an alliance ready to take UAM to new heights. Additionally, the alliance’s electric propulsion systems will integrate seamlessly with Honeywell’s fly-by-wire, avionics and actuation systems, extracting the most thrust and lift from every watt of electricity.

Honeywell is one of the world’s leading makers of electronics, engines and mechanical systems for aircraft. Its systems fly on virtually every airliner in the sky, along with thousands of business jets and light aircraft. DENSO, meanwhile, develops advanced technology and components for nearly every make and model of road vehicle in existence today.

The alliance with Honeywell enhances DENSO’s Second Founding, the company’s strategy to provide value beyond a vehicle-centric focus and produce the core technologies for future mobility. It also bolsters DENSO’s two great causes: “Green” — acting environmentally friendly — and “Peace of Mind” — creating a safer and more seamless world for all. These guide DENSO as it leverages its 30-plus years of electrification know-how to create cleaner, more efficient mobility and will help the company reach its 2035 goal to be carbon neutral. Honeywell has also pledged to be carbon neutral in its facilities and operations by 2035.

The two companies will work together to seek customers who can help transform how the world moves, making transportation safer, more sustainable and efficient.

New Honeywell Turbogenerator Will Run on Biofuel and Power Hybrid Electric Aircraft

March 8, 2021 / WIL BALDWIN

PHOENIX, March 8, 2021 /PRNewswire/ — Honeywell (NYSE: HON) announced it is developing a power source for hybrid-electric aircraft, planned for demonstration later this year. At 280 pounds, the Honeywell 1-Megawatt generator weighs about the same as a motor scooter but delivers enough energy to power an entire neighborhood block. This generator will be combined with the Honeywell HGT1700 auxiliary power unit, currently flown on every Airbus A350 XWB, to form a turbogenerator 2.5 times more powerful than the version the company unveiled in 2019.

The new turbogenerator from Honeywell will be able to run on aviation biofuel, including Honeywell Green Jet Fuel, which is chemically similar to fossil fuel but made from more sustainable alternatives, as well as conventional jet fuel and diesel. Honeywell’s turbogenerator can be used to operate high-power electric motors or charge batteries and can satisfy missions from heavy-lift cargo drones to air taxis, or commuter aircraft. The first demonstration of this turbogenerator system will occur in the third quarter of 2021, with ongoing development and qualification to follow.

Traditionally, aircraft use fuel-burning engines to mechanically turn rotors, propellers or fans. Many new designs, however, use a distributed electric propulsion architecture, in which many electric motors can be tilted or turned off for vertical takeoff and horizontal flight. A Honeywell turbogenerator can provide electric power for multiple electric motors anywhere on an aircraft.

In December, Honeywell signed a memorandum of understanding with British startup Faradair Aerospace to collaborate on systems and a turbogeneration unit that will run on sustainable aviation fuel to power Faradair’s Bio Electric Hybrid Aircraft (BEHA). Faradair intends to deliver 300 hybrid-electric BEHAs into service by 2030, of which 150 will be in a firefighting configuration. Honeywell is in advanced discussions with several other potential turbogenerator customers, working to help define power requirements based on mission profiles required by various manufacturers.

Honeywell unveiled its first turbogenerator for urban air mobility (UAM) at the 2019 HAI HELI-EXPO in Atlanta. It combined Honeywell’s HTS900 turboshaft engine with two 200-kilowatt generators. Since then, the company continues to grow its role in the UAM segment, highlighted by advancements in electric and hybrid-electric propulsion systems.

Honeywell is a major player in the emerging UAM segment, offering a full line of avionics, propulsion and operational systems—all tailored for piloted and autonomous vertical take-off and landing UAM and cargo vehicles. Honeywell also offers aerospace integration and certification expertise for enabling the commercialization of these vehicles.

Honeywell pioneered the sustainable aviation fuel market with its UOP Ecofining process. Honeywell Green Jet Fuel produced by this process is blended seamlessly with petroleum-based jet fuel at commercial scale. When used in up to a 50% blend with petroleum-based jet fuel, Honeywell Green Jet Fuel requires no changes to aircraft technology and meets all critical specifications for flight.

Honeywell Profit Beats On Strong Aero & Automation Sales

October 19, 2018 / WIL BALDWIN

(Reuters) – Honeywell International Inc (HON.N) beat expectations for third-quarter profit on Friday and lifted its full-year forecasts for cash flow and margins as it rode a boom in e-commerce driven warehouse investment and aircraft production.

Shares of Honeywell, which makes everything from aircraft engines to catalysts used in petroleum refining, were up 2.5 percent at $159 in premarket trading.

Honeywell has benefited from a rise in global travel that has driven record orders for jets, leading to robust demand for its avionics, braking systems and other aircraft parts.

Recovering demand for business jets, for which the company makes engines, thanks to a tax windfall handed to Corporate America by President Donald Trump in January, has also helped the company.

Sales at the aviation unit, the company’s biggest business, rose 10 percent to $4.03 billion. Margins expanded by 80 basis points to 22.1 percent in the third quarter ended Sept. 30.

Honeywell’s results come a day after Cessna jet maker Textron (TXT.N), one of its customers, reported a 12.5 percent growth in its backlog at $1.8 billion, citing an improving business jet market.

The company has also taken advantage of a boom in e-commerce as it supplies warehouse automation equipment and software to customers such as Amazon.com Inc (AMZN.O).

Sales in safety and productivity solutions unit, which houses the warehouse automation business, climbed 11 percent to $1.58 billion, while margins jumped 150 basis points to 16.6 percent.

Excluding items, Honeywell earned $2.03 per share, beating analysts’ average estimate of $1.99 per share, according to Refinitiv data.

The company’s revenue rose 6.3 percent to $10.76 billion, topping the consensus of $10.75 billion.

Honeywell increased the low end of its 2018 adjusted free cash flow to $5.8 billion from $5.6 billion, while keeping the top end unchanged at $6.2 billion.

The company now expects full-year margins to rise 19.5-19-6 percent, up from 19.4-19.6 percent. Excluding the impact of divestitures, Honeywell said its full-year earnings will be in a range of $7.95 to $8.00 per share.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)

Gulfstream Expects Business Jet Market Growth In 2019

October 17, 2018 / WIL BALDWIN

ORLANDO, Fla. (Reuters) – Gulfstream Aerospace expects growth in both sales opportunities and deliveries next year, as the U.S. business jet maker brings two new large-cabin corporate planes to market, company President Mark Burns said on Wednesday.

Burns said in an interview that the entry into service of the company’s new G500 and G600 business jets will drive market growth for Gulfstream, a division of General Dynamics Corp. (GD.N)

“I expect next year will be a growth year,” he said on the sidelines of the National Business Aviation Association annual corporate jet show in Orlando, Florida. “We’re bringing two new airplanes to market at a time when the market is improving.”

After years of sluggish sales, potential buyers at the show are looking closely at new aircraft models with longer ranges and technology for smoother rides, while weighing the advantage of recent U.S. tax deductions. Hopes for new orders in the industry have also been underpinned by a dwindling supply of pre-owned aircraft.

Burns said he is confident that Gulfstream will meet its existing 2018 plans to deliver between 115 to 125 planes this year, although he could not be more specific ahead of the company’s third-quarter earnings report next week.

The G500 was certified in July and its first delivery was made in September. The slightly larger G600, which can fly nonstop from London to Los Angeles, is expected to be certified by year’s end and enter service in 2019.

A 10-year outlook by Honeywell Aerospace (HON.N) ahead of the convention forecasts up to 7,700 new business jet deliveries worth $251 billion from 2019 to 2028, up 1 percent to 2 percent from the 10-year forecast in 2017.

(Reporting By Allison Lampert; editing by Jonathan Oatis)

United Technologies and Honeywell to Merge?

February 23, 2016 / WIL BALDWIN

United Technologies and Honeywell are reportedly discussing a merger once again, according to a report by CNBC. The talks reportedly came within the last two weeks, with Honeywell acquiring United Technologies. This is not the first time that the two companies have held merger talks over the course of the last year. Honeywell and United Technologies declined to comment on the report.

United Technologies and Honeywell Business synergies

United Technologies makes jet engines, elevators, and heating and cooling equipment. It reported a profit of $7.6 billion last year on sales of $56.1 billion. Honeywell is involved with aerospace, along with oil and gas refining, petrochemicals, biofuelsproducts, and building systems equipment. The company reported net income of $4.8 billion on revenue of $38.6 billion last year. United Technologies has been shifted its business mix over the course of the last four years. It purchase Goodrich Corporation for $16.5 billion in 2012, the biggest deal ever for United Technologies. The company also divested its Sikorsky helicopter subsidiary, selling the unit to Lockheed Martin last year for $9 billion. A merger between the two would potentially face tough scrutiny from regulators in the United States and Europe. The reasons behind the merger talks may very well be business cost savings in the areas where the two companies business’s overlap. The two companies both compete in engine systems & controls and helicopters & general aviation aircraft engines.

United Technologies and Honeywell

United Technologies and Honeywell Business synergies

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