logo
  

Honeywell Expects 4,100 New Civil Helicopter Deliveries Over Next 5 Years

Honeywell (HON) forecasts 4,100 new civilian-use helicopters will be delivered from 2020 to 2024, marginally higher than the five-year forecast from 2019.

While deliveries are expected to be higher than 2019, purchase plans are lower, but only by less than a percentage point.

"This year, we anticipate higher deliveries due to entry into service of new helicopter platforms," said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace. "Despite the slight dip in purchase plans, we see several bright spots, including higher utilization rates. This means operators plan to use their aircraft more frequently over the next 12 months. Honeywell is prepared for this upswing and is committed to providing seamless global customer support, while also maintaining our focus on bringing new, innovative products to the helicopter market."

According to the company, purchase plans are significantly stronger from the corporate/VIP segment in this year's survey, but lower from law enforcement and oil and gas operators.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada. Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13.
Follow RTT