Honeywell International Inc. (HON) revealed on Wednesday an expanded collaboration with NXP Semiconductors N.V. (NXPI) aimed at enhancing developments in aviation products. This strategic partnership seeks to combine Honeywell's deep aerospace knowledge and its innovative Honeywell Anthem avionics systems with NXP's cutting-edge high-performance computing technologies. The goal is to enhance operational efficiency and ensure greater safety within the aviation industry.
In pre-market trading, Honeywell's shares are valued at $221, reflecting a 0.17 percent increase, while NXP's shares are priced at $211.20, marking a 0.65 percent decline on the Nasdaq.
