Honeywell (NASDAQ: HON), a worldwide chief in aerospace innovation, has introduced its Superior Air Mobility (AAM) enterprise unit has secured contracts value over $10 billion. Since its formation simply over three years in the past, the unit has developed important partnerships with trade leaders corresponding to Archer Aviation, Lilium, Pipistrel, Supernal and Vertical Aerospace.
“This milestone is not only about reaching a sure quantity, it is a testomony to the unwavering imaginative and prescient we maintain for the way forward for aviation and Superior Air Mobility,” mentioned David Shilliday, vice chairman and normal supervisor, AAM, Honeywell Aerospace. “We’re dedicated to reworking journey and supply companies. Think about a world the place a 100-mile journey takes 45 minutes or much less, and same-day package deal supply is feasible in each populated area of the world. With the assistance of our companions, we’re making that imaginative and prescient a actuality.”
Honeywell’s complete product portfolio of ready-now options has been the cornerstone of its profitable entry within the AAM market. The choices, primarily based on generations of expertise throughout all sectors of aerospace, act because the brains, muscular tissues and senses of the plane. Honeywell Anthem, a next-generation avionics system, serves because the “mind” behind intuitive cockpit operations. Honeywell’s fly-by-wire options and custom-built actuation methods operate because the “muscular tissues,” offering exact flight controls and the required redundancy for these superior automobiles. Our various vary of sensors corresponding to RDR-84K radar and AH2000 perspective heading reference system provides the “senses,” making these plane not simply good but additionally conscious of their setting.
“Honeywell’s nose-to-tail expertise is a game-changer, setting the usual for security and sustainability whereas offering an unprecedented person expertise for our pilots,” mentioned Yves Yemsi, chief working officer of Lilium.
The footprint of Honeywell’s AAM enterprise spans North America, Western Europe and India. This world presence has not solely enabled Honeywell to fulfill buyer wants extra effectively however has additionally opened doorways to a wealthy range of expertise and views, additional enriching its method to the market.
Honeywell can be prioritizing the long-term development of the AAM trade. By means of initiatives like internet hosting trade summits in Washington, D.C., the corporate brings collectively regulators, authentic gear producers and members of Congress to catalyze significant dialogue and motion.
“As we rejoice this milestone, we’re trying towards the longer term,” mentioned Jim Currier, president and CEO, Honeywell Aerospace. “Should you’re growing an AAM car, the time to discover a partnership with Honeywell is now. We’re wanting to collaborate with firms that share our imaginative and prescient to remodel the best way we journey and create a extra sustainable future for aviation.”
The $10B in wins represents Honeywell’s evaluation of the lifetime worth of awards utilizing an inside forecast of the variety of AAM automobiles the corporate expects to be constructed.