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Honeywell International Inc. (HON) - free report >>
A. O. Smith Corporation (AOS) - free report >>
Applied Industrial Technologies, Inc. (AIT) - free report >>
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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.