“Connectivity will drive ‘decoupled’ growth, an Aerospace aftermarket sales strategy not bound by traditional aviation flight hours or aircraft production cycles,” continued Mahoney. “We anticipate that more than 5,000 planes will be equipped with Honeywell broadband technology by 2018, bringing passengers and pilots the same reliable, high-speed Wi-Fi you get at home thanks to our JetWave™ satellite communications technology.”
“In addition to the unprecedented number of big wins and double-digit growth in our services and connectivity portfolio, our long-term performance will be driven by mid-market carrier wins in high-growth regions, improving dynamics in the defense sector, and the eventual recovery of the business aviation market,” Mahoney concluded. “We are optimistic about the Aerospace business, and proud of our continuing legacy of leadership and innovation.”
Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The Aerospace business unit develops innovative solutions for more fuel-efficient automobiles and airplanes, more direct and on-time flights, safer flying and runway traffic, along with aircraft engines, cockpit and cabin electronics, wireless connectivity services, logistics, and more. The business delivers safer, faster, and more efficient and comfortable transportation-related experiences worldwide. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero.
Presentation materials and webcast information for the Honeywell Aerospace Investor Showcase which starts at 9 a.m. today, are available at www.honeywell.com/investor. A replay of the webcast will be available following the presentation.
Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon…