Honeywell Gears Up United Airlines' New 737 MAX with Cutting-Edge Avionics: Details
Portfolio Pulse from Lekha Gupta
Honeywell International Inc. (HON) has been selected by United Airlines Holdings, Inc. (UAL) to supply advanced avionics for its new 737 MAX aircraft over the next decade. This includes 3D weather radar, 25-hour flight data recorders, and traffic avoidance systems. Honeywell's stock is trading slightly higher following the news. Additionally, Honeywell recently agreed to acquire Air Products And Chemicals, Inc.'s (APD) LNG process technology and equipment business for $1.81 billion. Investors can gain exposure to Honeywell via Gabelli Commercial Aerospace And Defense ETF (GCAD) and Invesco Aerospace & Defense ETF (PPA).
July 22, 2024 | 11:39 am
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POSITIVE IMPACT
Investors can gain exposure to Honeywell through the Gabelli Commercial Aerospace And Defense ETF.
The positive developments for Honeywell may indirectly benefit the Gabelli Commercial Aerospace And Defense ETF, which includes HON in its holdings.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Honeywell has been chosen by United Airlines to supply advanced avionics for its new 737 MAX aircraft, reinforcing its reputation in aerospace technology. Additionally, Honeywell is acquiring Air Products And Chemicals' LNG process technology business for $1.81 billion.
The selection by United Airlines and the acquisition of APD's LNG process technology are significant positive developments for Honeywell, likely boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Honeywell through the Invesco Aerospace & Defense ETF.
The positive developments for Honeywell may indirectly benefit the Invesco Aerospace & Defense ETF, which includes HON in its holdings.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
United Airlines has chosen Honeywell to supply advanced avionics for its new 737 MAX aircraft, enhancing its fleet with cutting-edge technology.
The partnership with Honeywell to equip its 737 MAX fleet with advanced avionics is a positive development for United Airlines, likely improving operational efficiency and safety.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Honeywell is acquiring Air Products And Chemicals' LNG process technology and equipment business for $1.81 billion in an all-cash transaction.
While the acquisition by Honeywell is significant, the direct impact on Air Products And Chemicals' stock price is less clear in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60