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News Breaks | | | | October 8, 2012 | | 06:15 EDT |  | IMASF, HON | Inmarsat announces Honeywell commitment to GX Aviation
Inmarsat (IMASF) announced it has signed a master distribution agreement, or MDA, with Honeywell (HON) for GX Aviation services. Under the terms of the agreement, Honeywell will partner with Inmarsat to bring the benefits of GX to the business aviation market. The Inmarsat Global Xpress satellite system is scheduled for global commercial service launch in late 2014, with service introduction for business aviation customers available in Q1 2015. The Ka-band satellite network will offer unprecedented data rates of up to 50mbps to the cabin and global coverage, all backed by Inmarsat's quality standards of reliability and performance. The signing of this agreement with Honeywell represents a strong endorsement of Inmarsat's GX service innovation for the business aviation sector, and is underscored by Honeywell's commitment to purchase GX capacity for 5 years and reserve capacity up to 2021. | |
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News For IMASF;HON From The Last 14 Days Check below for free stories on IMASF;HON the last two weeks. |
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| June 14, 2013 | | 06:16 EDT | | HON | Honeywell receives EU approval for Intermec acquisition
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Intermec by Honeywell. The Commission found that the transaction would not raise competition concerns, in particular because the merged entity will continue to face several credible competitors in the relevant markets. Reference Link | |
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