Aerospace Group:

Business/Financial

Honeywell Creates Business Unit For Drones And Urban Air Mobility

By Brian Garrett-Glaser

Monday, June 15th, 2020

SHARE:

Honeywell Creates Business Unit For Drones And Urban Air Mobility

Seeing a $120 billion opportunity, Honeywell has created a business unit dedicated to providing hardware and software solutions for drones and air taxis. (Uber Elevate, design by Corgan)

Honeywell [HON] has created a new business unit dedicated to unmanned aerial systems (UAS) and urban air mobility (UAM) with dedicated engineering and sales resources valuing the hardware and software market for such systems at $120 billion by 2030 , the company said on Monday. “Urban Air Mobility and Unmanned Aerial Systems will play an increasing role in the future of aerospace, with potential applications in all-electric urban air taxi vehicles, hybrid-electric unmanned cargo drones, optionally piloted airplanes, delivery drones…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]