14 août 2019 | International, Aérospatial
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
19 mai 2023 | International, Terrestre
The companies showed the vehicle for the first time in Europe during the FEINDEF defense exhibition in Madrid, eying a new sales opportunity in Spain.
6 mai 2020 | International, C4ISR
By THERESA HITCHENS on May 05, 2020 at 3:23 PM WASHINGTON: Northern Command head Gen. Terrence O'Shaughnessy says the key to winning tomorrow's all-domain wars is predicting an adversary's actions — as well as the impacts of US military responses — hours and even days in advance. The capability to perform such “predictive analysis” will be enabled by the US military's Joint All-Domain Command and Control (JADC2) initiative for managing high-speed battle across the air, land, sea, space and cyber domains,” he told the Mitchell Institute yesterday evening in a webinar. “We see JADC2 is absolutely core to the way we're gonna defend the homeland,” O'Shaughnessy enthused. “And the part that I think is going to be so incredibly game-changing is the ability for us to really use predictive analysis and inform our decisions going into the future.” “That's, to me, what JADC2 is going to do: it's going to inform our decision-makers, it's going to help them make decisions that, like playing chess, are thinking about two or three moves downstream,” he added. “It's going to give the decision-makers, at the speed of relevance, the ability to make really complex decisions.” NORTHCOM was a key player in the Air Force's first “On Ramp” demonstration in December of technologies being developed under its Advanced Battle Management System effort, which the service sees as a foundation for JADC2. O'Shaughnessy said he is excited that NORTHCOM will be expanding its participation in the next demonstration, now slated for late August or early September having been pushed back from its original April data due to the COVID-19 coronavirus pandemic. O'Shaughnessy said JADC2 also will be critical for providing much-needed improvements to domain awareness in the Arctic. The US military has to “put together a bigger ecosystem for sensing” rather than relying on “traditional stovepiped systems” in the High North, he explained. That ecosystem needs to fuse information from as many systems as possible — from submarines patrolling beneath the icy waters to ground-based radar to long-endurance unmanned drones to future sensors based on large constellations of Low Earth Orbit satellites — which is exactly the goal of JADC2. “We have to continue to work on our ability to see the approaches to our homeland and understand what what is there and be able to react to it,” said O'Shaughnessy, who also is the commander of NORAD. As Breaking D readers know, the US military is turning an increasingly worried eye toward the Arctic where Russia and China both have begun to covet as a future zone of economic wealth as the Earth's climate opens shipping routes and expands access to undersea oil. O'Shaughnessy said he sees three areas where more investment is required to up the US military's game in the Arctic: communications, training, and infrastructure. Communications at northern latitudes is a particular struggle due to the difficulties of laying fiber optic cable in the harsh terrain, and the paucity of satellite coverage in the region. This, he said, is why NORTHCOM is extremely interested in the potential for so-called proliferated LEO satellite constellations. — both those currently being built by commercial firms and any future military networks. As Breaking D readers are well aware, DoD's Space Development Agency is planning a multi-tiered network of satellites in LEO that includes “data transport” satellites to allow faster communications between satellites and air-, land- and sea-based receivers that Director Derek Tournear sees as integral to JADC2. DARPA also is experimenting with proliferated LEO architectures under its Blackjack program, which plans 20 satellites using various buses and payloads to test their capabilities by the end of third-quarter 2022. DARPA late last month selected Lockheed Martin to undertake Phase 1 satellite integration of satellite buses with payloads and the central Pit Boss C2 system under a $5.8 million contract. SEAKR Engineering announced on April 28 that it had been granted a sole source Phase I, Option 2 contract (under a three-phased program plan) to develop a Pit Boss demonstrator, beating out two other teams led, respectively, by BAE and Scientific Systems. “One of the things we find is after you get above about 65 degrees or so north, some of our traditional means of communications really start breaking down,” he said, “and once you get closer to 70, almost all except for our most exquisite communications capability really starts to break down. And so we see a need to relook our ability to communicate in the Arctic” — with proliferated LEO “one of the best approaches.” “If you look at some of the companies out there doing incredible things, we see that as a solution set to allow us to communicate in the Arctic in the relatively near future, and that will be critical,” he added. https://breakingdefense.com/2020/05/the-key-to-all-domain-warfare-is-predictive-analysis-gen-oshaughnessy
18 juillet 2024 | International, Naval
The Navy's SM-6 missile intercepted a target in a test during Valiant Shield using the Army's new missile defense radar and battle command system.