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  • Tuesday, April 23, 2024

Tim Mahoney: Honeywell to Buy Satcom1 for In-Flight Connectivity Market Push


AirplaneHoneywell (NYSE: HON) has agreed to purchase aeronautical satellite communications technology and services company Satcom1 for an undisclosed amount as the companies aim to develop an integrated in-flight connectivity offering.

Tim Mahoney, president and CEO of Honeywell’s aerospace business, said Monday the company made the acquisition to also grow its satcom hardware and software products and airtime services.

Denmark-based Satcom1 produces onboard communications routing technology for business, military and head of state planes, as well as serves as a distributor of Honeywell’s JetWave satellite terminals and Inmarsat’s Global Xpress Aviation platform.

Satcom1 owns a research, design and support facility at a Paris airport and has consulting and sales offices in Texas and the United Arab Emirates.

Honeywell said the transaction is scheduled to close by the end of this year.

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