We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honeywell's (HON) AAM Business Wins Contracts Worth $10B
Read MoreHide Full Article
Honeywell International’s (HON - Free Report) Advanced Air Mobility (“AAM”) business unit has secured contracts worth more than $10 billion.
HON’s AAM business, which was formed more than three years ago, has a presence in North America, Western Europe and India, enabling it to meet customer needs more efficiently.
AAM, with its partners, including Archer Aviation, Lilium, Pipistrel, Supernal and Vertical Aerospace, will allow for packages to be delivered on the same day. A 100-mile journey can take 45 minutes or even less with the AAM vehicles.
The AAM vehicles feature Honeywell’s nose-to-tail technology, allowing for safety and sustainability while providing an enhanced experience to pilots. The sustainable flights consist of intuitive cockpit operations powered by Honeywell Anthem, a next-generation avionics system.
HON's fly-by-wire solutions and custom-built actuation systems provide precise flight controls and the necessary redundancy for advanced AAM vehicles. The company’s wide range of sensors, including RDR-84K radar and AH2000 attitude heading reference system, adds to the capabilities of these aircraft.
Zacks Rank & Key Picks
Honeywell carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Industrial Sector are as follows:
Applied Industrial has an estimated earnings growth rate of 5.8% for the current fiscal year. Shares of the company have risen 28.7% in the year-to-date period.
A. O. Smith Corporation (AOS - Free Report) presently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 14%, on average.
A. O. Smith has an estimated earnings growth rate of 19.4% for the current year. Shares of the company have gained 27.2% in the year-to-date period.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Honeywell's (HON) AAM Business Wins Contracts Worth $10B
Honeywell International’s (HON - Free Report) Advanced Air Mobility (“AAM”) business unit has secured contracts worth more than $10 billion.
HON’s AAM business, which was formed more than three years ago, has a presence in North America, Western Europe and India, enabling it to meet customer needs more efficiently.
AAM, with its partners, including Archer Aviation, Lilium, Pipistrel, Supernal and Vertical Aerospace, will allow for packages to be delivered on the same day. A 100-mile journey can take 45 minutes or even less with the AAM vehicles.
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
The AAM vehicles feature Honeywell’s nose-to-tail technology, allowing for safety and sustainability while providing an enhanced experience to pilots. The sustainable flights consist of intuitive cockpit operations powered by Honeywell Anthem, a next-generation avionics system.
HON's fly-by-wire solutions and custom-built actuation systems provide precise flight controls and the necessary redundancy for advanced AAM vehicles. The company’s wide range of sensors, including RDR-84K radar and AH2000 attitude heading reference system, adds to the capabilities of these aircraft.
Zacks Rank & Key Picks
Honeywell carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Industrial Sector are as follows:
Applied Industrial Technologies (AIT - Free Report) presently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 13.8%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Applied Industrial has an estimated earnings growth rate of 5.8% for the current fiscal year. Shares of the company have risen 28.7% in the year-to-date period.
A. O. Smith Corporation (AOS - Free Report) presently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 14%, on average.
A. O. Smith has an estimated earnings growth rate of 19.4% for the current year. Shares of the company have gained 27.2% in the year-to-date period.