Honeywell (HON), NASA Complete 2-Year Pilot Interface Test
Zacks Investment Research | Jun 21, 2017 05:51AM ET
Honeywell International Inc. (NYSE:HON) declared that it has successfully completed a two-year long test with National Aeronautics and Space Administration (NASA), for evaluating the pilot interface in civilian airspaces.
Over the last three months, shares of this Zacks Rank #3 (Hold) stock yielded a return of 7.52%, outperforming 3.59% growth recorded by the Zacks categorized Diversified Operations industry.
The company is poised to grow on the back of its diversified product portfolio, greater cost discipline and new capital investment programs.
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The two-year testing program successfully integrated display technology and predictive software into corporate jet cockpits. The program demonstrated how pilots can view as well as determine the extent up to which sonic booms would affect the population on ground.
NASA noted that “This technology could prove to be useful for NASA's future planned Low Boom Flight Demonstration experimental airplane. This plane is being designed to gather community noise response data that may help remove the regulatory speed restriction to overland commercial supersonic flight."
The aviation industry would drastically progress if airplanes are run on supersonic speeds. This would help pilots cut down business jet travelling time by nearly 50%. For instance, the travel time between Los Angeles to New York would be reduced from 5 to 2.5 hours, or even lesser than that.
However, sonic booms (loud noises) are the major barriers to widespread adoption of supersonic airplanes.
Nevertheless, the test depicted that Honeywell’s predictive technology would help pilots change course and lower sonic booms over densely populated areas.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Hitachi Ltd. (OTC:HTHIY) has a remarkable average positive earnings surprise of 158.49% for the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). You can see .
Federal Signal Corp. (NYSE:FSS) currently carries a Zacks Rank #2 (Buy) and has an average positive earnings surprise of 3.10% for the last four quarters.
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