Honeywell International, Inc. - HON STOCK NEWS

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.

Honeywell (NYSE: HON) has partnered with Syracuse University to fund research on emerging indoor air quality technologies, establishing a dedicated Honeywell Indoor Air Quality Laboratory. This initiative aims to improve building environments, enhancing occupant health and productivity. The partnership will explore advanced air quality solutions and develop AI-driven ventilation strategies, ultimately benefiting real estate value and building efficiency. The initiative responds to the critical need for better indoor air quality, addressing pollutants that significantly impact health and productivity.

Honeywell (NYSE: HON) supports President Biden's call for businesses to act against COVID-19. The company has expanded U.S. production of personal protective equipment and partnered with local health entities, administering nearly 36,000 vaccine doses in six days. Honeywell has donated over 1 million masks and established a $3.6 million innovation fund for small businesses in Charlotte. The company emphasizes the need for safe vaccination and economic recovery as top priorities for the nation.