Yahoo Finance Honeywell (HON) 1MW Generator Chosen for Flying Whales Aircraft
Honeywell International Inc. HON recently secured a contract from Flying Whales to supply a one-megawatt generator for the latter’s latest hybrid-electric airship, the LCA60T. France and Canada-based Flying Whales is constructing a 200-meter-long vertical take-off and landing (VTOL) airship made for the heavy-load transport market.
HON's one-megawatt generator system can merge easily with propulsion and operational systems for piloted or autonomous aircraft. Without making any alterations to electric propulsion engines, it can also be used as a one-megawatt motor. When installed into the LCA60T, the generator is also capable of creating a hybrid propulsion system in integration with a gearbox and a turbine that leverages jet fuel and sustainable aviation fuel (SAF). It will also supply electrical power to the engines. This will create a systematic and sustainable form of travel, which will be identical to hybrid-electric automobiles. This generator is four times more powerful than traditional generators.
Honeywell International Inc. Price
Honeywell International Inc. price | Honeywell International Inc. Quote
Honeywell successfully completed the first round of testing of the one-megawatt generator in May 2022. Since then, the company has conducted many similar tests. Honeywell’s generator showed high-power density and efficiency during the latest round of testing in late 2022. These are the key factors in hybrid-electric propulsion for both aerospace and ground applications.
Zacks Rank and Stocks to Consider
HON currently carries a Zacks Rank #3 (Hold).
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Deere & Company DE presently sports a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 4.9% in the past six months.
General Electric Company GE presently carries a Zacks Rank #2 (Buy). GE’s earnings surprise in the last four quarters was 27.9%, on average.
In the past 60 days, estimates for General Electric’s fiscal 2023 earnings have increased 2.6%. The stock has gained 46% in the past six months.
A. O. Smith Corporation AOS presently carries a Zacks Rank of 2. AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 30.5% in the past six months.
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