Honeywell International HON is set to provide its Advanced Visual Docking Guidance System (A-VDGS) to improve the safety and operations of Napoli International Airport ("NAP") in Italy.
HON’s A-VDGS will be deployed at NAP’s gates to allow for safe parking of aircraft after landing. This would improve turnaround management performance. A-VDGS’ docking technology will increase NAP’s operational efficiency and enhance the customer experience and overall airport safety.
Honeywell will deploy the A-VDGS units at four contact parking stands. A-VDGS will be integrated to maximize NAP’s gate usage and airport operations by capturing real-time aircraft gate arrival and departure timings. It will also boost the capability of the airport’s existing passenger terminal resources.
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
Honeywell’s A-VDGS uses advanced safety algorithms that can detect moving or stationary objects up to 100 meters. This can help pilots detect obstacles that could pose risks to an aircraft, thus allowing for efficient docking.
Alexander Cowen, Honeywell’s general manager, Global Airports, said that HON’s proprietary A-VDGS would help NAP increase its capability of safe gate operations, which would benefit both airlines and its passengers.
Zacks Rank & Key Picks
Honeywell presently carries a Zacks Rank #3 (Hold).
Some better-ranked industrial stocks are as follows:
Flowserve FLS currently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter earnings surprise of 2.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Flowserve has an estimated earnings growth rate of 64.5% for the current year. Shares of the company have gained 12.3% in a year.
Graco GGG currently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 7.9%, on average.
Graco has an estimated earnings growth rate of 16.4% for the current year. Shares of the company have rallied 26.7% in a year.
Ingersoll Rand IR presently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 12.6%, on average.
Ingersoll Rand has an estimated earnings growth rate of 14.8% for the current year. Shares of the company have jumped 22.3% in a year.
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