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Honeywell International Inc. (NASDAQ:HON) shares are trading slightly higher after United Airlines Holdings, Inc. (NASDAQ:UAL) chose the company to supply a variety of avionics for its upcoming 737 MAX aircraft over the next decade.
This includes the industry’s only 3D weather radar, new 25-hour flight data recorders, and advanced traffic avoidance systems.
United Airlines initially chose Honeywell avionics in 2018 for 161 737 MAX aircraft.
This new agreement further reinforces Honeywell’s reputation for delivering top-tier aerospace technology.
Heath Patrick, President, Americas Aftermarket, Honeywell Aerospace Technologies said, “We are proud to continue our long-standing relationship with United Airlines to provide advanced avionics for its growing 737 MAX fleet.”
Earlier this month, Honeywell agreed to acquire Air Products And Chemicals, Inc.'s (NYSE:APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction.
Honeywell stock has gained more than 2% in the last 12 months. Investors can gain exposure to the stock via Gabelli Commercial Aerospace And Defense ETF (NYSE:GCAD) and Invesco Aerospace & Defense ETF (NYSE:PPA).
Price Action: HON shares are up 0.12% at $214.87 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
