New Maintenance Contract for Honeywell - Analyst Blog
Honeywell International Inc . ( HON ) recently secured
a three-year maintenance and training contract worth $72.4 million
from the U.S. Army. According to the deal, the company will provide
mission-capable vehicles and essential training to operate and
maintain heavy tactical vehicles under the U.S. Army
Tank-automotive and Armaments Command (TACOM) Heavy Tactical
Over the past 18 years, Honeywell Technology Solutions Inc. (HTSI) has been providing support to the heavy tactical wheeled vehicles program. As per the contract, the company is required to provide Total Package Fielding in army modernization training to the U.S. Army.
Over the years, HTSI has achieved significant expertise in maintenance, repair and overhaul, and fielding and training for all kinds of military vehicles. Additionally, Honeywell will provide certified instructors to train army drivers to operate the vehicles and train army mechanics to service the vehicles. Honeywell will also equip its own employees with electronic technical manuals and schematics, making it easier for them to repair any defect before they hand over the vehicles to the army. The HTSI team will take appropriate action for every situation, ensuring maximum operational efficiency.
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. In the last reported quarter, Honeywell's revenues remained flat year over year at $9.3 billion due to the prevailing macroeconomic challenges.
Honeywell currently has a Zacks Rank #2 (Buy). Other stocks that
look promising and are worth a look are ITT
Corporation ( ITT ), Crane
Co ( CR )
and Macquarie Infrastructure Company LLC, Inc ( MIC ), each carrying a
Zacks Rank #2 (Buy)
CRANE CO (CR): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis Report
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MACQUARIE INFRA (MIC): Free Stock Analysis Report
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