August 9, 2023 | International, Land
The Nation's Next Homeland Missile Defense Interceptor Marks Continued Progress Toward Production and Fielding.
November 12, 2023 | International, Aerospace
The T-7A Red Hawk made stops at Air Force bases in Oklahoma, New Mexico and Arizona to refuel and offer base employees a firsthand look at the new advanced trainer...
August 14, 2019 | International, Aerospace
Michael Bruno United Technologies (UTC) and Raytheon are working hard to convince shareholders to approve their mega-merger. L3 Harris Technologies is riding high after its heritage companies consolidated recently. Industry insiders are making bets on who is next. But Honeywell International has been conspicuously absent in all the major merger and acquisition (M&A) moves in recent years. Why? Honeywell Aerospace chief executive Tim Mahoney recently explained how his company still plans to take advantage of the wave of consolidation hitting aerospace and defense. “We've looked,” Mahoney told an Aug. 7 investor conference. “We've never thought—and we continue to not think—that scale is a major discriminator and a differentiator within our marketplace. Having said that, you need to be large enough to be relevant, and we have been at that point. But scale is not something that is attractive or makes you more attractive from an OEM perspective or from an aftermarket perspective. We've continued to differentiate ourselves relative to value-added offerings.” Mahoney spoke during a live interview with analyst Sheila Kahyaoglu at the Jefferies Global Industrials Conference. While Honeywell has remained active with bolt-on acquisitions—including the July 24 announcement it will buy autopilot specialist TruTrak Flight Systems for an undisclosed amount—the company has not consummated a prime- or OEM-level deal and even walked away from talks with UTC in 2016. That same year, Honeywell did buy warehouse automation specialist Intelligrated for $1.5 billion. And Honeywell leaders have long assured Wall Street that they keep their eyes open in A&D, as Mahoney reaffirmed. But they have complained that valuations were too rich to be conducive to dealmaking. Mahoney also indicated that Honeywell could take advantage of the consolidation trend in another way. “We've actually gone back and looked at when there has been very significant consolidations, or two companies coming together,” he explained. “That has actually helped us from a market share perspective, because typically when there's a large-scale integration of two companies, those two companies become inwardly focused, which is understandable. “As a result, we've been opportunistic relative to that,” he continued. “If you look at our cockpit systems business or some of those areas where we've competed with some of the companies that have consolidated, our auxiliary power unit business, you would see that we've actually grown disproportionately larger during those time periods.” One area Honeywell is now focusing on growing is its new big-data analytics software Forge, which the company recently rolled out for airlines and other industrial companies (Aviation DAILY, June 6). While the software expectedly looks to provide aircraft operators with predictive maintenance, fuel optimization and other flight operation benefits, Honeywell is looking to add ground operations through an expanding experiment with Swissport, one of the world's largest airport ground service providers. Last December, Honeywell and Swissport signed a five-year agreement initially to apply Honeywell's GoDirect Ground Handling product used across Swissport's global operation base. Ben Driggs, president of Honeywell Connected Aircraft, told the investor conference that the goal is to achieve faster airplane turnarounds in the 20-40% of the time the aircraft is on the ground. He said the partnership is first being implemented in Kansai International Airport (KIX) for Osaka, Japan, with Miami, Basel, Switzerland and “numerous” other Swissport airports planned. https://aviationweek.com/defense/big-ad-firms-seem-be-merging-or-acquiring-where-s-honeywell
September 10, 2019 | International, Aerospace
By: Sebastian Sprenger PARIS — Underway in Europe are two high-profile sixth-generation aircraft efforts: the Franco-German-Spanish Future Combat Air System, and Britain's Tempest fighter. But will they converge? Defense News asked the chief executive of the European Defence Agency, Jorge Domecq, for his take on the future of these programs. It's quite possible the FCAS program by Spain, Germany and France and the British Tempest program will lead to a situation of two fighters. What's your assessment? We'll have to see, but FCAS is not going to be just one platform. It's going to be a system of systems. It will be a very complex program; it will take many years. It will be very important for it to be sustainable, that it has the economies of scale that are necessary. And at the same time, as we have these three initial member states signing up, I do not exclude this would bring on other member states as we go long. What will happen with the Tempest project, I cannot say. But as the person that oversees FCAS, you would like to see some convergence, right? Europe would probably have to see convergence toward having a single system of systems, but as I underlined, it's not an issue of platform. As always, thinking of the competitiveness of the European defense industry, we have to think of program sustainability. Is the next generation of combat aircraft sustainable with several systems of systems in Europe? I have my doubts. Speaking of consolidation, there have been calls to consolidate the defense industry. What is the level of urgency for that? I think the urgency is there. In the next five to 10 years, the defense industry is going to know a real evolution of technology; disruptive technologies are going to change how we do business in defense. That is going to have an impact on the defense industry. The only way forward for defense in general is cooperation. Cooperation is the only way Europe will remain a credible partner in operational terms but also in technology-related industrial terms. That requires we pull together to do as many defense cooperation projects in the future. And the consolidation of the industry will happen around those cooperative endeavors. https://www.defensenews.com/digital-show-dailies/dsei/2019/09/08/3-questions-with-the-eu-defense-chief-on-europes-future-fighters/