Honeywell (HON) has announced its Advanced Air Mobility, or AAM, business unit has secured contracts worth over $10B. Since its formation just over three years ago, the unit has developed vital partnerships with companies such as Archer Aviation (ACHR), Lilium, Pipistrel, Supernal and Vertical Aerospace. The $10B in wins represents Honeywell’s assessment of the lifetime value of awards using an internal forecast of the number of AAM vehicles the company expects to be built.
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