Honeywell Unveils Satellite Communications System, Aspire 40
Zacks Investment Research | Apr 09, 2018 10:38PM ET
Honeywell International Inc. (NYSE:HON) recently announced the availability of Aspire 40, its newest satellite communications system. Apart from offering critical cockpit safety services to pilots, the system provides passengers and aircraft flight crews with an access to global voice and data connectivity. Also, it ensures safer and more efficient flights for business jets, commercial and military aircraft by offering a simultaneous connectivity to both the cockpit and the cabin.
Notably, the Aspire 400 satellite communication system is lightweight and takes into account the operator's choice of either a high-gain antenna or an intermediate-gain. Additionally, it encompasses of a satellite data unit, a high-power amplifier, a configuration module as well as a low noise amplifier. With the help of two independent SwiftBroadband channels and Inmarsat's I-4 network, the system offers connectivity to pilots as well as passengers.
The Inmarsat's SwiftBroadband–Safety service strengthens communications safety in the cockpit by providing a separate and secure data channel such as text messaging with air traffic control or in-flight tracking and electronic flight bag applications. Moreover, it presents opportunity for the passengers to utilize the second channel for SwiftBroadband voice and data connectivity in the cabin.
Our Take
Honeywell is well-positioned to gain from long-term expansion in markets like aerospace, facility automation and automotive turbochargers backed by its strong market share and product line-up. The company also continues to invest in innovative technologies that are expected to help it maintain its leadership position. Also, as emerging markets expand the demand for the company’s, airplanes, automobiles and construction products is expected to grow.
In the past year, shares of this Zacks Rank #3 (Hold) company have outperformed the Zacks Investment Research
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