Honeywell’s SmartView Synthetic Vision System, an aircraft cockpit display technology, has been chosen by aircraft manufacturer Pilatus for its PC-12 NG aircraft equipped with the Primus Apex integrated flight deck. The SmartView option is available now on new PC-12 NG production aircraft and also will be retrofittable in the future.

SmartView will provide PC-12 NG pilots with a real-time view of the location of the aircraft relative to surrounding terrain and a compelling 3-D virtual view outside the cockpit that is unencumbered by visual impediments such as fog, bad weather or darkness. SmartView is also a strategic tool, offering guidance cues, terrain shading and other intuitive prompts to aid pilots in critical decision-making — ultimately improving overall safety for PC-12 NG pilots and passengers. 

Honeywell will showcase other aviation products at the European Business Aviation Convention and Exhibition (EBACE) from May 14-16 in Geneva, Switzerland. Products include: Ovation Select™ Cabin Management System, Primus Elite™ Flight Deck, Gulfstream PlaneView® Flight Deck,  and Dassault EASy II Flight Deck.

Read all Honeywell Business Aviation News.

Honeywell Chairman and CEO Dave Cote was interviewed on CNBC’s Mad Money with host Jim Cramer to discuss the company’s strong first quarter 2012 financial results, highlighting a 7% increase in sales and an 18% increase in earnings per share versus the same quarter last year. 

Also, as part of CNBC’s and Mad Money’s Earth Week theme, Cote showcased some of Honeywell’s energy efficient solutions, including: a Honeywell turbocharger that can get 40 miles to a gallon of gas; Honeywell Green Jet Fuel made from inedible feedstocks that is powering military and commercial biofuel flights; Honeywell Total Connect system, which provides simple, integrated access to all of a user’s systems at home, helping to manage and reduce energy use; Honeywell’s Prestige thermostat, which helps homeowners save 33% on their home energy bill; and Honeywell’s 3D Weather Radar technology, which provides pilots improved safety and reduces flight delays to save fuel. 

“It’s got to be a good product, and got to accomplish a good end,” Cote said, referring to Honeywell’s approach to energy efficient technology.  “It’s got to be easy to use, and it has to make sense because if it doesn’t make economic sense, it’s not going to last.”

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As part of its nation-wide Dream Tour, the Boeing-787 Dreamliner arrived at Phoenix’s Sky Harbor Airport on Friday, March 9, giving Honeywell Aerospace workers an opportunity to see their innovative solutions at work.  

The aircraft is outfitted with several Honeywell technologies designed to increase reliability and improve equipment performance, including highly integrated flight controls for improved efficiency in flight, and a crew information and maintenance system that monitors and communicates in real time the performance and condition of the airplane’s systems for improved safety and reduced maintenance time.  The 787 also includes a Honeywell navigation package comprised of communications, flight management, inertial reference, and air data systems.

The company reported full-year 2011 results including:
• 2011 sales of $36.5 billion, up approximately 13% over 2010
   – 8% organic sales growth, again reflecting strong end markets, successful new product launches, and continued expansion in high growth regions
• 2011 proforma earnings (excluding the impact of pension mark-to-market adjustments)  of $4.05 per share, up 35% over $3.00 in 2010; Reported EPS of $2.61 in 2011 versus $2.59 in the prior year
   – Pension mark-to-market adjustment of $1.44 per share calculated using 791.6 million weighted average shares outstanding assuming dilution
• 2011 cash flow from operations of $2.8 billion, includes $1.7 billion cash pension contribution in the year
   – 2011 free cash flow of approximately $3.7 billion, prior to $1.7 billion cash pension contribution

“Honeywell had a terrific 2011,” said Honeywell Chairman and CEO Dave Cote. “We executed across the portfolio with record organic sales growth and segment margins. Our 2011 performance reflects the operational and financial disciplines that underpin the transformation that has taken place at the company over the last 10 years. We deployed the Honeywell 5 Initiatives – Growth, Productivity, Cash, People, and our Enablers, and created a common One Honeywell culture committed to continuous improvement. As a result, we built a better set of businesses with Great Positions in Good Industries, a terrific performance track record, a great leadership team with a truly global focus, a very full pipeline of new products and technologies, and our key process initiatives that are gaining momentum. We’ve come a long way, and we feel even better about our future.”

“While we expect a more challenging macro environment ahead in 2012, primarily driven by softness in Europe impacting the short-cycle businesses, we’re confident that Honeywell is well positioned to continue to outperform,” continued Cote.  “Our long-cycle businesses are accelerating, with Commercial Aerospace OE, UOP, Building Solutions & Distribution, and Process Solutions all having substantial backlog, in total just under $16 billion. While we expect growth to moderate in the first half of 2012, we’re confident that we can drive strong sales conversion leading to higher segment margins over the course of the year.  The investments we’ve made, coupled with our execution track record and disciplined playbook, will be key to our continued outperformance in 2012 and beyond.”

For more information, read the press release or listen to a replay of the Investor Conference Call.

Honeywell has named Briand Greer President of Aerospace Asia Pacific. Greer is based in Shanghai and will report to Tim Mahoney, President and CEO of Honeywell Aerospace. Greer succeeds Mark Howes, who will be returning to Phoenix, Arizona, to continue a role within the Aerospace Leadership Team.

As president of Honeywell Aerospace in Asia Pacific, Greer will oversee direct Honeywell operations across six countries and broader field operations across a network of 14 countries in the region. 
 
“Briand has more than 20 years of experience in the aerospace industry,” said Mahoney. “Briand’s deep understanding of our technologies and capabilities, combined with his track record of growing our Aerospace business globally, will be critical to strengthening our position in Asia Pacific and help advance China’s aviation industry.”

Greer was most recently Vice President of China Growth at Honeywell Aerospace, in which he was responsible for all strategic growth initiatives with the Aviation Industry Corporation of China (AVIC) and other entities across the region. Previously, Greer has held positions with Honeywell as Vice President of Global Sales and Business Development for the Defense & Space business unit and as Vice President of Airline Sales, where he was responsible for global airline sales, business development strategies and execution.  Greer has traveled and done business in Asia for the past 15 years and has led aerospace business development in China for the last seven years.

For more information, read the press release.

Don Bateman, chief engineer and corporate fellow at Honeywell, is one of five inventors to receive this year’s National Medal of Technology from U.S. President Barack Obama. The recognition is the highest honor bestowed by the U.S. government on scientists, engineers, and inventors. Bateman is being honored as a laureate for developing and championing critical flight-safety sensors now used by aircraft worldwide, including ground proximity warning systems and wind-shear detection systems. Read more about the award.

Bateman is widely recognized in the industry as a pioneer of flight safety systems and products. Many of the technologies he first envisioned and designed proceeded through production and certification, such as the angle of attack systems, stall warning systems, ground proximity warning systems (GPWS), automatic throttle, reactive wind shear warning systems, and radar. He is the inventor or co-inventor of more than 50 U.S. patents and 90 foreign patents, and is a recipient of numerous industry awards including induction into the National Inventors Hall of Fame, the Laura Tabor Barbour Air Safety Award, Admiral Luis de Florez Safety Award, and the Flight International Aerospace Industry Personality of the Year. His dedication to aviation safety is strengthened by his personal love of flying — he has logged more than 2,200 flight hours as a private pilot.

Honeywell issued the 20th edition of its annual Business Aviation Outlook, forecasting sales and delivery of approximately $230 billion in new business jets from 2011 through 2021.  This represents approximately a two percent increase in total expected industry sales value compared to the prior 10-year horizon Honeywell forecasted in 2010.

For 2011, Honeywell Aerospace estimates deliveries of 600-650 new business jets, down approximately 15 percent from 732 in 2010 due to continued slow global economic recovery.  While 2012 deliveries are expected to be below 700 airframes, Honeywell anticipates higher delivery levels than in 2011.  While five-year buyer interest remained steady versus 2010, based on the reduced economic growth outlook and this year’s survey responses, the industry appears to be positioned to begin another period of expansion in 2012, which is consistent with Honeywell’s current industry outlook.

One bright spot is the earlier demand timing coming from Brazil, Russia, India, and China (BRIC) countries and the Middle East.  Acting on these purchase plans in 2011 and 2012 is critical to providing the industry momentum as current backlogs will not sustain delivery levels indefinitely despite recent book to bill ratios exceeding one at some manufacturers.

Honeywell surveyed more than 1,500 flight departments around the world for its annual business aviation outlook.

For more information, read the press release.

• 3Q11 sales were up 14% to $9.3 billion versus $8.1 billion in 3Q10
    – 8% organic growth reflects continued strength in end markets
• 3Q11 earnings of $1.10 per share, an increase of 45% over $0.76 in 3Q10
    – Segment profit growth and margin expansion in all segments
    – Includes $0.04 benefit from lower tax rate; tax rate favorability expected to be offset in 4Q11
    – Includes $0.33 repositioning and other actions funded by the gain on sale of the divested Consumer Products Group (CPG) business ($0.23, discontinued operations) and OPEB curtailment ($0.10) in the quarter, which will better position the company for 2012 and beyond
• 3Q11 cash flow from operations of $0.7 billion, includes $400 million cash pension contribution
    – 3Q11 free cash flow (cash flow from operations less capital expenditures) of $884 million, excludes $400 million cash pension contribution

The company is raising its 2011 sales and EPS outlook and now expects:
• 2011 sales of $36.5 – 36.7 billion, up approximately 13% over 2010
    – Excludes the divested CPG business, treated as discontinued operations
• 2011 proforma earnings per share of $4.00 – 4.05, up 33 – 35% over 2010
    – Mark-to-market pension adjustments in both periods excluded
• 2011 free cash flow guidance of approximately $3.5 billion, prior to any cash pension contribution

“Honeywell’s strong third quarter results are a continuation of the momentum we’ve seen across our businesses in 2011,” said Honeywell Chairman and CEO Dave Cote.  “Our third quarter sales growth reflects a particularly robust Commercial Aerospace upcycle, with growth in both original equipment and aftermarket sales. It also highlights the company’s extensive innovation pipeline and increasing presence in high growth regions in all our businesses. Our long-cycle backlog continues at near record levels, with sustained strong orders growth particularly at UOP, ACS Solutions, and Commercial Aerospace. Further, our short-cycle businesses, such as Turbo Technologies, Advanced Materials, and ACS Products are performing well overall.” 

“Despite signals of slower economic growth, we expect positive organic growth to continue the rest of this year and into 2012,” concluded Cote. “The repositioning actions we took in the third quarter, funded by non-operational gains, better position our businesses for 2012 and beyond. These repositioning tailwinds, combined with our great positions in good industries, execution track record, and disciplined playbook, will be keys to our continued outperformance.”

For more information, read the press release, watch Chairman and CEO Dave Cote discuss the company’s financial performance on CNBC, or listen to a replay of the Investor Conference Call.

(from left to right: Tian Min, Vice President and Chief Accountant of COMAC, and Mark Howes, President of Honeywell Aerospace’s Asia-Pacific region)

Mark Howes, President of Honeywell Aerospace’s Asia-Pacific (APAC) region, won the “Leadership Excellence Award” at the China Aerospace Laureate Awards Ceremony held at Aviation Expo 2011 in Beijing. The awards are organized by the China Aviation Media Group, China Aviation News, and Aviation Week. 

Introduced in 2005, the China Aerospace Laureate Awards are considered China’s highest honor for aviation and aerospace, recognizing organizations and individuals who have made significant contributions to the industry. The awards are supported by various institutions including the government, military, enterprises, as well as the Change Foundation and Laureate Foundation.

Howes is the first non-Chinese citizen to receive the prestigious China Aerospace Laureate Award in its seven-year history. Howes’ strategic vision and firm understanding of China’s aviation industry as well as his emphasis on the need for comprehensive and cooperative partnership have resulted in Honeywell’s strong market performance, localization, and leadership in China, according to the organizers.

Howes joined Honeywell in 1980 and has led different business segments within the company.  In 2007, he was named President of Honeywell Aerospace’s APAC region.

Read more about Honeywell’s presence in China and APAC.

Photo from left to right: Guy C. Hachey, president and chief operating officer, Bombardier Aerospace; Hélène V. Gagnon, vice president, public affairs, communications and corporate social responsibility, Bombardier Aerospace; Rob Wilson, president, Business and General Aviation, Honeywell Aerospace.

                                                                                            
Honeywell Aerospace received a Corporate Social Responsibility Supplier Recognition Program award from one of its largest customers, Bombardier Aerospace.

Guy Hachey, Bombardier Aerospace president and chief operating officer, presented the award to Rob Wilson, president of Honeywell’s Business and General Aviation business, during the Bombardier Strategic Suppliers Executive Meeting in Dorval, Quebec, Canada.

According to Bombardier executives, this award reaffirms their commitment to suppliers such as Honeywell and the overall goal of creating a high-quality, competitive, and sustainable supply chain for the future. Honeywell received the award because it operates consistently with Bombardier’s six pillars of corporate social responsibility: governing effectively, valuing employees, building responsible products, operating sustainably, engaging suppliers, and acting as a responsible citizen.                                                                      
                                                                                                
Canada-based Bombardier is a manufacturer of innovative transportation solutions including the highly successful Learjet, Challenger, and global families of business jets as well as a full line of regional aircraft.                                                                          

For more information, read the press release.