Flying Vehicle Sales Drive $10B to Honeywell

Company has partnered with Archer, Lilium, Hyundai’s Supernal, Pipistrel and Vertical Aerospace

Chuck Martin, Editorial Director AI & IoT

November 14, 2023

2 Min Read
A flying vehicle on a tarmac with a city skyline behind it.

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 Aerospace has partnerships with major EAV makers including Archer Aviation, Lilium, Hyundai’s Supernal, Pipistrel and Vertical Aerospace.  

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.

Related:Hyundai Flying Vehicle Company, Honeywell Team for Pilotless eVTOLs

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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About the Author(s)

Chuck Martin

Editorial Director AI & IoT

Chuck Martin, author of "Flying Vehicles," New York Times Business Bestselling author and futurist, is Editorial Director at Informa Tech, home of AI Business, IoT World Today and Enter Quantum. Martin has been a leader in emerging digital technologies for more than two decades. He is considered one of the foremost emerging technology experts in the world and his latest book title "Flying Vehicles" (The Emergence of Personal Air Travel, Flying Cars, and Air Taxis) followed "Digital Transformation 3.0" (The New Business-to-Consumer Connections of The Internet of Things).  He hosts a worldwide podcast titled “The Voices of the Internet of Things with Chuck Martin,” where he converses with top executives from the companies driving the adoption of emerging technology.

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