Diversified technology company
Honeywell International Inc.
) 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.
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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
Honeywell faces intense competition from industry bigwigs such as
China Merchants Holdings (International) Company
Koninklijke KPN N.V.
Jardine Strategic Holdings Ltd.
), each carrying a Zacks Rank #1 (Strong Buy). Honeywell
presently has a Zacks Rank #3 (Hold).