Honeywell (NASDAQ: HON) said it has agreed to acquire the heads-up display, or HUD, assets of the Swedish aerospace and defense company Saab for use in a range of its avionics products.
Under the agreement, Saab will work with Honeywell to develop and strengthen its HUD product line. HUDs help increase pilots’ situational awareness, especially when flying at night or in difficult weather conditions. Honeywell said the systems also help to boost safety, fuel efficiency, and on-time performance.
