November 14, 2023
Thanks to deals with numerous eVTOL (electric vertical takeoff and landing) vehicle companies, Honeywell has secured contracts worth $10 billion.
The Honeywell advanced air mobility (AAM) business, formed about three years ago, has partnered with some of the major electric aerial vehicle (EAV) makers.
“As we celebrate this milestone, we’re looking toward the future,” said Jim Currier, president and CEO of Honeywell Aerospace. “If you’re developing an AAM vehicle, the time to explore a partnership with Honeywell is now. We’re eager to collaborate with companies that share our vision to transform the way we travel and create a more sustainable future for aviation.”
Honeywell provides fly-by-wire technology and custom-built actuation systems.
Its technology provides for precise flight controls and redundancy for advanced vehicles.
Honeywell sensors also provide attitude heading reference systems, making the flying vehicles essentially aware of their environment.
“Honeywell’s nose-to-tail technology is a game-changer, setting the standard for safety and sustainability while providing an unprecedented user experience for our pilots,” said Yves Yemsi, chief operating officer of Lilium.
The $10 billion revenue number represents Honeywell’s estimate of the value of the awarded contracts including the number of AAM vehicles expected to be built.
“This milestone is not just about reaching a certain number, it’s a testament to the unwavering vision we hold for the future of aviation and advanced air mobility,” said David Shilliday, vice president and general manager, AAM, Honeywell Aerospace.
“We are committed to transforming travel and delivery services. Imagine a world where a 100-mile journey takes 45 minutes or less, and same-day package delivery is possible in every populated region of the world. With the help of our partners, we’re making that vision a reality.”
Honeywell is active in additional areas of the AAM industry, including by hosting industry summits in Washington, D.C., which facilitates discussions among regulators, original equipment manufacturers and members of Congress.
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