Honeywell Selected By AIBOT To Provide Compact Fly-By-Wire System To Support AIBOT's Fully Electric Vertical Takeoff And Landing Aircraft
Portfolio Pulse from Benzinga Newsdesk
Honeywell has been chosen by AIBOT to supply a compact fly-by-wire system for AIBOT's fully electric vertical takeoff and landing (eVTOL) aircraft. This partnership is aimed at supporting the development of AIBOT's eVTOL aircraft, which is a growing segment in the aerospace industry.
November 15, 2023 | 8:08 am
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POSITIVE IMPACT
Honeywell's partnership with AIBOT to provide fly-by-wire systems for eVTOL aircraft could enhance its position in the aerospace sector and potentially lead to increased revenue from this emerging market.
The news of Honeywell's selection by AIBOT to provide fly-by-wire systems for eVTOL aircraft is likely to be viewed positively by investors. The eVTOL market is an innovative and rapidly growing segment, and Honeywell's involvement could signal future growth opportunities. This could lead to a short-term positive impact on Honeywell's stock price as the market reacts to the potential for new revenue streams and technological advancements.
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