Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NYSE: HON) has announced its commitment to achieve carbon neutrality in its operations and facilities by 2035. This initiative involves investments in energy-saving projects, transition to renewable energy, and completion of capital improvements. The company has already reduced greenhouse gas intensity by over 90% since 2004 and saved $100 million annually through sustainability projects. Honeywell also aims to address indirect emissions in its value chain by enhancing tracking systems and promoting climate solutions.

Pipistrel has chosen Honeywell's next-generation Attitude Heading Reference System (AH-2000) and Air Data Module (ADM) for its Nuuva V300 cargo UAV. These systems are essential for navigation and motion data, enhancing the aircraft's operational efficiency. The Nuuva V300 is a long-range UAV, capable of vertical takeoff and landing with a cargo capacity of 460 kg over 300 km. Honeywell's advanced inertial and pressure-sensing technologies aim to improve safety and simplify flight control, positioning Honeywell as a key player in the urban air mobility sector.

Honeywell Building Technologies is collaborating with San Diego International Airport to test advanced video analytics technology aimed at enhancing health and safety measures. This initiative, part of the airport's Airport Innovation Lab, utilizes AI-driven analytics to monitor compliance with social distancing and mask mandates. A successful pilot could lead to broader implementation across the airport. SAN, the busiest single-runway airport in the U.S., is focused on improving safety standards and efficient operations through innovative technology.

Honeywell (NYSE: HON) has agreed to acquire a majority stake in Fiplex Communications, Inc., a Miami-based developer of in-building communication systems. This acquisition aims to enhance Honeywell's connectivity and communication offerings, particularly for public safety. Fiplex's bi-directional amplifiers (BDAs) will aid first responders by improving radio coverage in buildings with challenging environments. The growth of the in-building communications market is driven by new fire codes and technology adoption, promising innovation and safety enhancements. Financial terms of the deal were not disclosed.

Honeywell has secured a $476 million contract for the production and supply of T55-GA-714A engines used in the U.S. Army's CH-47 Chinook helicopters. This 4-year IDIQ contract will ensure the availability of spare engines for the Army and foreign partners through 2024. The engines will be manufactured at Honeywell's facility in Phoenix. Additionally, Honeywell has made strides in engine technology with the upgraded T55-GA-714C engine, which offers 23% more power and 9% better fuel efficiency.

Honeywell (NYSE: HON) is developing a power source for hybrid-electric aircraft, set for demonstration in 2021. The new 1-Megawatt generator, weighing 280 pounds, delivers power to various aircraft types and is 2.5 times more powerful than previous versions. It runs on sustainable aviation biofuel and conventional fuels. This initiative aligns with urban air mobility trends, as the industry seeks electric propulsion systems. Honeywell's collaboration with Faradair Aerospace aims to produce 300 hybrid-electric aircraft by 2030, enhancing its role in sustainable aviation.

Honeywell (NYSE: HON) announced that CEO Darius Adamczyk will present at the virtual J.P. Morgan 2021 Industrials Conference on March 15, 2021, from 2:00 p.m. - 2:40 p.m. EDT. A real-time audio webcast will be available at honeywell.com/investor, with related materials posted beforehand and a replay accessible for 30 days after the event. Honeywell is a Fortune 100 technology company that provides aerospace products, control technologies, and performance materials to enhance connectivity and sustainability in various industries.