Honeywell International Inc.
) recently awarded a contract to Wavestream - a wholly-owned
Gilat Satellite Networks Ltd
) - for the manufacture and supply of Ka-band transceivers for
in-flight connectivity. As per the contract, Wavestream will
provide Ka-band transceivers for airborne antenna systems to
enhance in-flight connectivity to the Inmarsat Global Xpress (GX)
Honeywell currently has business relationships with Inmarsat and
has been developing and distributing on-board hardware to enable
users to connect to its aviation network with a high speed
Ka-band system. The Ka-band product family provides high output
power, greater efficiency and lighter weight product packages
suitable for mobile and flyaway antenna systems, thereby
supporting critical defense operations. Honeywell is already
deploying in-flight connectivity services to business, commercial
and aviation customers across the globe.
Being an established vendor in the aviation market, Wavestream's
Ka-band products have been successfully used in defense satellite
systems, with over 5,000 deployed around the world. This
agreement between Wavestream and Honeywell is expected to provide
superior connectivity to passengers and is likely to generate
additional revenues from the Global Xpress Aviation network.
Earlier, in the fourth quarter 2012, Honeywell's Aerospace
segment sales climbed 4% year over year to $3.0 billion, led by
increased sales in commercial end markets. This increase was
partially offset by Defense and Space sales.
Honeywell is a global diversified technology and manufacturing
company with 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.
The company faces intense competition from industry bigwigs,
which include formidable names such as
Carlisle Companies Incorporated
Federal Signal Corp
). Honeywell currently has a Zacks Rank #3 (Hold).
CARLISLE COS IN (CSL): Free Stock Analysis
FED SIGNAL CP (FSS): Free Stock Analysis
GILAT SATELLITE (GILT): Free Stock Analysis
HONEYWELL INTL (HON): Free Stock Analysis
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