Honeywell sees third-quarter net rising slightly

Article Abstract:

Honeywell Inc expects to post 3rd qtr earnings of $1.20 a share. The company is pleased with the figure, but the company is concerned that the country could slip back into recession because of the economic crises in many cities which is resulting in cutback in services and tax hikes. Honeywell earnings for all of 1991 are expected to be in the range of $4.50 to $4.85 a share, down from $5.03 last year. The slump reflects this year's higher taxes. Sales are up for the company's industrial automation segment, which accounts for 27 percent of sales but off in the residential and commercial area. Some analysts believe that the commercial flight area cannot remain profitable for Honeywell. A company representative said that Honeywell will 'follow the lead of McDonnell Douglas and Boeing,' International sales have slipped because of European economic problems, but are showing signs of recovery. Honeywell plans to increase overseas sales to over 50 percent of total sales by the year 2000.

Communications equipment, not elsewhere classified, Environmental controls, Finance, Profits, Control equipment, Outlook, Third Quarter, Profit

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Honeywell to make avionics systems for new Boeing jet

Article Abstract:

Honeywell receives a 15-year, $2 billion contract to provide the avionics for Boeing Co's new 777 jet transport. The electronics and computer maker will develop cockpit displays, navigation systems and a flight management system for the new jet transport, which is scheduled for delivery in 1995. Flat panel displays will be used in the cockpit and will provide multi-colored graphs and maps, as well as providing up-to-the-minute engine data and pitch and direction indications. The flat panel displays are much lighter than the cathode ray tubes, along with their cooling fans, that are found in most modern aircraft.

Aircraft, Aircraft industry, Boeing 777 (Aircraft), Avionics industry, Electronic Industry

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Air Force halts missile-defense job with Boeing, TRW

Article Abstract:

Boeing Co. and TRW Inc. have had $830 million in contracts canceled by the U.S. Air Force. The contracts were for demonstration low-orbit satellite warning systems. The Air Force says the reason for the cancellations is "cost and performance problems." This decision seems to be separate from a $1.6 billion contract Boeing won last April to develop the proposed National Missile Defense system. That contract still awaits White House approval.

Comment:

Air Force canceled $830 million in contracts with TRW and Boeing

United States, Contracts & orders received, Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, Satellite Tracking ex Radar, Aerospace industry, Satellite tracking systems, Military electronics industry, Missile attack warning systems, TRW, Northrop Grumman Space & Mission Systems Corp.

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