HON Buoys China Eastern Airlines - Analyst Blog
February 27 2013 - 5:10AM
Zacks
Diversified technology company
Honeywell International Inc. (HON) recently
augmented its strategic ties with China Eastern Airlines by
entering into a number of agreements to improve the safety and
efficiency features of its growing fleet of aircrafts. The move is
also aimed at increasing passenger safety as air passenger travel
continues to grow at a rapid pace in China.
In concurrence with the deal, Honeywell will offer specialized
avionics products for 58 new Boeing 737NG aircrafts and wheels and
brakes for 15 new Airbus A330 aircrafts, bringing the tally of
Airbus A330 aircraft in China Eastern Airlines' fleet equipped with
its wheels and brakes to 51 by 2015. At the same time, Honeywell
will provide an entire range of aftermarket repair and maintenance
services for the braking systems for its fleet of Airbus A330
aircrafts.
The avionics products set to be introduced in Boeing 737NG
aircrafts include IntuVue 3-D Weather Radar, Traffic Alert and
Collision Avoidance System (TCAS), and Enhanced Ground Proximity
Warning System (EGPWS). The weather radar provides flight crews
with intuitive displays of weather to minimize fuel consumption by
avoiding unnecessary diversions. TCAS facilitates airlines to
safely navigate through congested areas with the help of an
informative display of traffic, thereby saving fuel, while EGPWS
predicts potential conflicts between the aircraft's flight path and
terrain or obstacles.
In addition to increased passenger safety features, the wheels and
brakes of Honeywell further reduce costs, fuel consumption, and
carbon emissions during flight. The carbon heat-sink materials,
titanium braking components, and antioxidant protections used in
the braking systems enhance durability and improve landing
performance.
With a continuous flow of contracts from new as well as existing
customers, Honeywell is poised to generate healthy revenue in the
coming quarters. Based in Morris Township, NJ, the company
manufactures a wide range of aerospace products and services,
control, sensing and security technologies for buildings, homes and
industry, turbochargers, automotive products, specialty chemicals,
electronic and advanced materials, process technology for refining
and petrochemicals and energy efficient products and solutions for
homes, business and transportation.
Honeywell organizes its business into four operating segments –
Aerospace, Automation and Control Solutions, Performance Materials
and Technologies, and Transportation Systems. The Aerospace segment
provides integrated avionics, engines, systems and service
solutions for aircraft manufacturers, airlines, business and
general aviation, military, space and airport operations.
Honeywell faces intense competition from industry bigwigs such as
China Merchants Holdings (International) Company
Limited (CMHHY), Koninklijke KPN N.V.
(KKPNF), and Jardine Strategic Holdings Ltd.
(JSHLY), each carrying a Zacks Rank #1 (Strong Buy). Honeywell
presently has a Zacks Rank #3 (Hold).
CHINA MERCHANTS (CMHHY): Get Free Report
HONEYWELL INTL (HON): Free Stock Analysis Report
JARDINE STRATEG (JSHLY): Get Free Report
KONIN KPN NV (KKPNF): Get Free Report
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