Honeywell Bringing Heads-Up Displays to Aircraft Cockpits Through Acquisition of Saab Technology

PHOENIX, June 28, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) has reached an agreement with Saab, a Swedish aerospace and defense company, to acquire its heads-up-display (HUD) assets for use in a variety of Honeywell avionics offerings. As part of the acquisition agreement, Saab will partner with Honeywell to develop and strengthen its HUD product line. HUDs give pilots increased situational awareness, especially at night or in difficult weather conditions. Passengers will also enjoy safer and more fuel-efficient flights, while more often reaching their destinations on time.

"Heads-up displays are an essential offering for the aviation industry and have been known to reduce pilot workload, increase situational awareness, improve access to airports with Enhanced Flight Vision System and enhance safety," said Vipul Gupta, vice president and general manager, Avionics, Honeywell Aerospace. "The addition of HUDs as part of our wider avionics offerings will provide our customers in business aviation, air transport and defense segment a great safety tool that can be particularly useful during takeoff and landing, which are typically the most crucial parts of any flight."

"Saab believes that this agreement further establishes Saab and Honeywell as long-term partners and increases greater market opportunities," says Carl-Johan Bergholm, senior vice president and head of Saab´s business area Surveillance."

The main purpose of HUDs is to make it as easy as possible for pilots to see and absorb their necessary flight or mission details. This allows them to remain "head-up and eyes-out," instead of looking down or away from what is occurring around them, thus reducing the risk of safety incidents. Also, as part of an Enhanced Flight Vision System, HUDs enable pilots to take off and land at lower minima and thus avoid go-arounds and diversions.

The HUD solution will be available as a retrofit or forward-fit option. Paired with Honeywell's industry-leading heads-down solutions, the HUD addition will enable Honeywell to offer a harmonized cockpit to customers.

The completion of the transaction is subject to certain closing conditions including the accomplishment of certain development milestones.

About Honeywell

Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The Aerospace business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit www.honeywell.com/us/en or follow us at @Honeywell_Aero.

Honeywell (www.honeywell.com/us/en) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/us/en/news.