Honeywell Partners With SmartSky For Connectivity Solution
Zacks Investment Research | Jun 18, 2019 09:36PM ET
Honeywell International Inc. (NYSE:HON) recently announced that it has entered into an agreement with SmartSky Networks, a provider of air-to-ground network solutions for business aviation.
With the help of 5G technologies, SmartSky’s air-to-ground network offers a reliable and secured IFC solution for airlines, supporting inflight connectivity for aircraft. Notably, the SmartSky network sends a low-latency signal to each aircraft in the network, which supports high performance irrespective of network loading.
Per the agreement, Honeywell will serve as an authorized value-added reseller for SmartSky’s air-to-ground services, using 5G technologies for North American airlines. Notably, it will allow Honeywell to expand its inflight connectivity services, along with boosting its diverse connectivity solutions portfolio.
This will also offer Honeywell customers an additional option for Internet connectivity with the help of SmartSky’s new air-to-ground connectivity. As a matter of fact, the collaboration will enable airlines to cater to the increasing network requirements for passengers like conducting data transfers, running cloud-based applications, surfing the web and streaming videos.
Existing Business Scenario
Strength in the commercial aftermarket and sensing businesses is likely to boost Honeywell’s Aerospace revenues. Also, the company believes that solid demand for warehouse automation, sensing and IoT businesses will drive the Safety and Productivity Solutions’ revenues. Further, strong demand for commercial fire and security products, particularly in India and China, is likely to support the Building Technologies segment.
In the past three months, the Zacks Rank #2 (Buy) company's shares have gained 11.8% against 1% decline of the Zacks Investment Research
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