Honeywell Intl Inc Stock Price, News & Analysis

Honeywell (NASDAQ: HON) announced a partnership with the Defence Research Development Organisation (DRDO) and the Council of Scientific and Industrial Research–Indian Institute of Petroleum (CSIR–IIP) to supply molecular sieve adsorbents for establishing Medical Oxygen Plants (MOP) in India. This initiative aims to enhance medical oxygen production amid rising demand due to the ongoing pandemic. Honeywell UOP will provide timely supplies and collaborate on optimizing costs and efficiency.

Honeywell (NASDAQ: HON) has been chosen by Lilium to develop avionics and flight control systems for the all-electric 7-Seater Lilium Jet. The compact fly-by-wire system will manage 36 control surfaces, enhancing maneuverability. Honeywell's expertise in urban air mobility ensures safety and comfort for passengers. Their avionics system aims to simplify operations for single-pilot usage, increasing passenger capacity. Furthermore, Honeywell is participating in Lilium's PIPE offering related to its SPAC transaction, showcasing its commitment to this innovative transport solution.

Honeywell (NASDAQ: HON) announced the launch of its Advanced Monitoring and Incident Response (AMIR) service on June 9, 2021. This 24/7 operational technology cybersecurity service aims to enhance detection and rapid response to cyber threats targeting industrial control systems. AMIR is designed for IT and OT security teams, particularly those facing expertise or budget challenges. It leverages advanced software and expert guidance to analyze cybersecurity threats, with ongoing deployment at multiple global sites to bolster cybersecurity maturity.

Honeywell (NASDAQ: HON) announced a merger between Honeywell Quantum Solutions (HQS) and Cambridge Quantum Computing (CQC), creating the largest standalone quantum computing company. This new entity aims to capitalize on a projected $1 trillion industry over the next three decades. Honeywell will maintain a majority stake and invest $270-$300 million to develop the world's highest-performing quantum systems. The merger is expected to finalize in Q3 2021, pending regulatory approvals. No change to Honeywell's 2021 financial outlook is anticipated.

Honeywell (NASDAQ: HON) has launched JetWave MCX, a new broadband satcom solution tailored for military and governmental aircraft. This offering enhances the existing JetWave product line, providing improved situational awareness, secure communications, and connectivity to various Ka-band networks. The JetWave MCX is designed for missions such as surveillance and humanitarian efforts. Over 2,000 JetWave systems are already in use across different sectors, indicating strong demand and adoption in defense applications.

Honeywell Aerospace (NASDAQ: HON) has announced the installation of its SmartPath Ground-Based Augmentation System at San Francisco International Airport (SFO) to enhance flight efficiency. This technology aims to reduce flight delays, lower fuel consumption, and decrease noise pollution in local neighborhoods. SmartPath, already adopted by airports like Newark and Houston, offers up to 48 simultaneous precision approaches, enhancing navigational flexibility. SFO's implementation is expected to bring immediate environmental benefits and improve overall air traffic management.

Honeywell (Nasdaq: HON) has released a computer modeling study demonstrating how indoor air quality can be improved in hotel common areas through the use of mobile HEPA air purifiers. The study found that these purifiers can capture 97% of airborne particles as small as 0.3 microns, significantly enhancing air quality. Strategic placement of these purifiers in high-traffic areas is crucial for efficacy. The findings can also be applied to other environments, suggesting a cost-effective solution for improving air quality without extensive infrastructure changes.

DENSO has signed a long-term agreement with Honeywell (NASDAQ: HON) to develop electric propulsion systems for aircraft, focusing on urban air mobility (UAM) applications like air taxis and delivery vehicles. The companies aim to deliver flight test configurations within a year and align their efforts with goals for carbon neutrality by 2035. The collaboration builds on a previous agreement and combines DENSO's automotive expertise with Honeywell's aerospace experience. This strategic move is expected to enhance both companies' positions in sustainable transportation.