Honeywell to acquire Saab’s heads-up-display assets

Honeywell has reached an agreement with Saab, a Swedish aerospace and defense company, to acquire its heads-up-display, or HUD, assets for use in a variety of Honeywell avionics offerings. As part of the acquisition agreement, Saab will partner with Honeywell to develop and strengthen its HUD product line. HUDs give pilots increased situational awareness, especially at night or in difficult weather conditions. Passengers will also enjoy safer and more fuel-efficient flights, while more often reaching their destinations on time. The completion of the transaction is subject to certain closing conditions including the accomplishment of certain development milestones.