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Honeywell Launches Aspire 300 to Enhance Cockpit Safety

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Premium diversified machinery company, Honeywell International Inc. (HON - Free Report) enhanced its connectivity product portfolio with the release of Aspire 300, its latest global satellite communication system. The company noted that the system is approved for voice and datalink for long-range oceanic communications as well as cockpit safety services.

Over the last one year, shares of this Zacks Rank #3 (Hold) stock yielded a return of 11.24%, outperforming 5.60% growth recorded by the Zacks categorized Diversified Operations industry. The company is poised to grow on the back of diversified business portfolio, diligent acquisitions, strategic capital management and greater free cash flow generation. However, on the other hand, headwinds such as volatility in crude oil prices, sluggish economy in China, input price inflation or a stronger U.S. dollar are likely to limit near-term growth.

Inside the Headlines

Honeywell’s latest Aspire 300 includes premium cockpit safety and voice services, approved by the International Civil Aviation Association. These services would augment the overall safety of airline operators. Notably, the company mentioned that the new communication system is 75% smaller and includes an antenna about 90% smaller than the conventional satellite communication systems available in other cockpit systems of recent times. Thus, Aspire 300 would be saving fuel expenses of airline companies by thousands of dollars.

Notably, Honeywell stated that Aspire 300 would be complementing its JetWave fuselage mount antenna (offering high-speed Wi- Fi services) and redefine the quality of cabin connectivity, as well as cockpit safety in contemporary aircrafts.

Key Picks

Some better-ranked stocks within the industry are listed below:

ACCO Brands Corporation (ACCO - Free Report) has a positive average earnings surprise of 24.74% for the last four quarters and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

3M Company (MMM - Free Report) presently holds a Zacks Rank #2 (Buy) and has a positive average earnings surprise of 1.94% for the trailing four quarters.

Alarm.Com Holdings, Inc. (ALRM - Free Report) also carries a Zacks Rank #2 and generated a positive average earnings surprise of 40.56% over the past four quarters.

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