Honeywell Supports CSeries Aircraft - Analyst Blog
Honeywell International Inc's ( HON ) technologies helped Bombardier CSeries aircraft in its first take of. As one of the major suppliers, Honeywell ensured advanced navigation, fuel efficiency and safety for the CSeries aircraft by providing the Auxiliary Power Unit (APU), LASEREF VI Inertial reference unit and emergency locator transmitter (ELT). The CSeries line of aircrafts are primarily designed for the long range, single-aisle, 100 to 149 seat market at the lowest operating cost in its class.
An APU is a gas turbine engine that is a source of bleed air
and AC electrics for the aircraft, which gives an aircraft the
independence during turnarounds, provides it with electrical
backup in the event of engine failure and provides air
conditioning & pressurisation when an engine bleeds off
during take-off. The LASEREF VI Inertial Reference Unit is an
all-digital, high-performance ring laser gyro system used for
inertial navigation, which facilitates safe and accurate landing
while reducing the operational and maintenance costs for the
CSeries aircraft. The emergency locator transmitter helps in the
detection and location of aircraft and people in distress. The
CSeries aircraft family combines advanced materials, leading-edge
technology and proven methods to meet commercial airline
Prior to this, Honeywell has being supplying engine components to all the commercial aircraft series of Bombardier. These include the CRJ series, Q-Series and now the CSeries.
Honeywell Aerospace is a leading provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations, globally. In the latest reported quarter, Aerospace segment sales dipped 1% year over year to $3.0 billion primarily due to a decline in the Defense and Space business, partially offset by Commercial Growth.
Honeywell currently has a Zacks Rank #3 (Buy). Other stocks
that look promising and are worth a look are
Hutchison Whampoa Ltd
), carrying a Zacks Rank #1 (Strong Buy), and
Federal Signal Corp
), both carrying a Zacks Rank #2 (Buy)
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