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Company Update (NYSE:HON): Honeywell And Israel Aerospace Industries To Demonstrate New Sense-And-Avoid Capabilities For Unmanned Aerial Systems

[PR Newswire] – FARNBOROUGH, England, July 11, 2016 /PRNewswire/ — Honeywell (HON) is partnering with Israel Aerospace Industries (IAI) to jointly develop a sense-and-avoid capability for IAI’s Heron family of unmanned aerial systems (UASs). Selected for funding from the Binational Industrial Research and Development (BIRD) Foundation, the system will be demonstrated for the first time on the Heron medium-altitude, long-endurance (MALE) UAS platform in 2018. “Sense-and-avoid solutions do not currently exist for UASs to operate in a national civilian airspace. Read more on this. Honeywell International Inc. (HON) , valued at $90.18B, started trading this morning at $118.94. Today’s price range has been between $118.27 and $119.04 per share with its 52-week range being $87.00 to $119.04. HON shares are currently priced at 17.84x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.44x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.38 per share annually in dividends, yielding 2.00%. According to a consensus of 18 analysts, the earnings estimate of $1.64 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.66, which would be a $0.56 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.13 Billion. If realized, that would be a 3.58% increase over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. With the above information in mind, readers should note that the average price target is $125.18, which is 5.25% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Company Update (NYSE:HON): Honeywell And Palo Alto Networks Team To Protect Industrial Control Systems From Cyber Attacks Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition Of COM DEV International’s Space Hardware And Systems Business Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum
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