Workflow
Honeywell Grabs $103M Deal From U.S. Army for Radar Altimeter System
HONHoneywell(HON) ZACKS·2024-10-15 16:51

Honeywell International Inc. (HON) recently secured a contract worth 103millionfromtheU.S.Armytoofferitsnext−generationAPN−209radaraltimeter(NextGenAPN−209)systemforvariousarmyaircraft.Thelatestdealisbuiltonalong−standingpartnershipwhereHONhasservedasareliablealtimeterprovidertotheU.S.DepartmentofDefense,withmorethan150,000unitssupplied.HON′ssharesinchedup0.8103 million from the U.S. Army to offer its next-generation APN-209 radar altimeter (Next Gen APN-209) system for various army aircraft. The latest deal is built on a long-standing partnership where HON has served as a reliable altimeter provider to the U.S. Department of Defense, with more than 150,000 units supplied. HON's shares inched up 0.8% yesterday, eventually closing the session at 217.60. Inside the Headlines Honeywell's Next G ...