Honeywell International, Inc. - HON STOCK NEWS

Pipistrel has chosen Honeywell's Compact Fly-By-Wire system for its Nuuva V300 cargo UAV, highlighting Honeywell's advanced technology in autonomous flight. This system, compact yet powerful, enhances stability and performance by replacing traditional hydraulic and cable systems. The Nuuva V300 can carry up to 300 kg over 300 km, aiming to meet the growing demand for same-day delivery in logistics. Honeywell plays a crucial role in the emerging urban air mobility sector, providing a range of solutions for autonomous and piloted aircraft.

Honeywell (NYSE: HON) has launched its Connected Life Safety Services (CLSS), an innovative cloud platform designed for fire safety systems. This suite aids fire technicians in enhancing compliance and efficiency, addressing challenges like reduced resources and limited facility access amidst the pandemic. The tools allow for real-time monitoring and reporting, improving system commissioning and maintenance while ensuring cybersecurity. Noteworthy partners, such as Firetron and EDSB Group, are already utilizing CLSS for better compliance and operational efficiency.

Honeywell (NYSE: HON) will announce its third quarter financial results on October 30, before the NYSE opens. A conference call will follow at 8:30 a.m. EDT to discuss these results. Participants can join the call by dialing specific numbers for domestic and international audiences. For those unable to attend the live call, a replay will be available for one week after the initial call. Investors can also access presentation materials and the live audio webcast at Honeywell's investor relations website.

Honeywell (NYSE: HON) has acquired assets from Ballard Unmanned Systems, a subsidiary of Ballard Power Systems. The acquisition includes key intellectual property, inventory, and equipment, with the existing team joining Honeywell. This move underscores Honeywell's commitment to the growing unmanned aerial systems (UAS) market, allowing for the production of scalable power systems that use hydrogen fuel cells. These systems enhance UAS capabilities by providing longer flight durations and zero emissions. Financial terms remain undisclosed, and the acquisition does not affect Honeywell's third-quarter 2020 outlook.

Honeywell (NYSE: HON) has successfully installed its 100th biomethane grid injection station for GRDF, the main gas distribution operator in France, marking a significant milestone in promoting renewable energy. These stations facilitate the injection of biomethane into the gas network, emphasizing local production from organic waste. With over 210 stations implemented across Europe, Honeywell's advanced technology supports the energy sector's transition towards sustainability. The capacity achieved by these stations can now heat approximately 500,000 households, showcasing Honeywell's leadership in biogas technology.

Honeywell has secured a five-year IDIQ contract for repairing and overhauling T55-GA-714A engines used in the U.S. Army's CH-47 Chinook helicopters. This contract aims to enhance the operational readiness of the Chinook fleet. The services will be performed at Honeywell's new facility in Phoenix, which boasts improved maintenance capabilities and potential surge output of up to 20 engines monthly. The company has also initiated enhancements to increase engine horsepower, reducing fuel consumption and maintenance hours.

Honeywell (NYSE: HON) has acquired Rocky Research, a Boulder City, Nevada-based firm specializing in thermal and power management solutions. This acquisition enhances Honeywell's portfolio in the growing power and thermal management market and integrates Rocky Research's R&D capabilities with its own engineering expertise. The company aims to improve performance in critical sectors like aerospace and defense, especially for aircraft electrification and autonomous vehicles. The deal's terms were not disclosed, with no impact on Honeywell's third-quarter outlook.

Honeywell's 29th annual Global Business Aviation Outlook predicts up to 7,300 new business jet deliveries valued at $235 billion from 2021 to 2030, a 4% decline from last year. Despite this drop, 80% of business jet operators indicate their purchase plans remain unchanged due to COVID-19. The report suggests a 13% increase in deliveries in 2021 compared to 2020, with an expected recovery to 80%-85% of 2019 usage levels by Q4 2020. The survey reveals 30% of planned purchases will occur within the next two years.