Honeywell has acquired privately held TruTrak Flight Systems, a leader in autopilots for experimental, light-sport and certified aircraft. The acquisition will become part of Honeywell's BendixKing business, helping to deliver affordable technologies to the experimental and general aviation markets. This market has grown by double digits over the past five years.
"TruTrak is a natural fit with BendixKing, and this acquisition opens up an exciting new market to us," said Carl Esposito, president, Electronic Systems at Honeywell Aerospace. "It provides great technology at affordable prices, which is central to BendixKing's business. Furthermore, adding TruTrak to the BendixKing family will attract new talent, foster collaboration and help us identify new ways to bring value to our customers."
As part of the acquisition, TruTrak's chief executive officer and owner, Andrew Barker, will join the BendixKing executive team and will continue to drive the successful adoption of TruTrak's autopilots in the experimental and certified aircraft markets. BendixKing will also add TruTrak's engineers to its staff to maintain the integrity of the technology and the affordability for which TruTrak's products are known.
"Honeywell and BendixKing's capabilities in the aerospace industry will accelerate the continued development of the products TruTrak has built from the ground up," said Barker. "Their vision for autopilots aligns with ours, and personally I am very excited to join the BendixKing team and use the extensive resources now available to us to continue forging the future of autopilots."
Since its founding in 1999, TruTrak has sold well over 15,000 autopilots and continues to introduce new products and features to improve autopilot technology, improve safety features, and add new capabilities. TruTrak's autopilot systems can fly a wide range of aircraft and fly well in turbulence. They are also easy to install, maintain and use.
Terms were not disclosed and there is no change to the company's 2019 outlook as a result of the acquisition.
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|Honeywell Aerospace||Air Conditioning Equipment, Air Conditioning Equipment, Cockpit Printers, Airborne Communication Systems, Cargo Systems, Airspeed Indicators, WAAS Equipment, Starter Generators, Bleed Air Systems, Air Purification Systems, Flight Management Systems, Engine Parts, Pneumatic Systems Equipment, Automatic Flight Control Systems, Inertial Components & Systems, Multi-Mode Receivers (MMR), Auxiliary Power Units, Cabin Pressure Control Systems, Autopilots, Cockpit Control Systems, Avionics Management Systems, Automatic Direction Finders, Distance Measuring Equipment, Transceivers, VOR (Omnirange) Receivers, Radio Communications Equipment, GPS, Attitude and Heading Reference Systems, Radar/Radio Altimeters, Terrain Awareness and Warning Systems, Horizontal Situation Indicator, Heading Indicators, Onboard Intercom Systems, Electronic Flight Instrument Systems, Flight Recorders, Collision Avoidance Systems/TCAS, Fly-by-Wire Systems, Air Data Computers, Cabin Management Systems, Weather Mapping Radar, Emergency Locator Transmitters, Radar Transponders, IFF Interrogators, Glide Slope Receivers, Weapons Countermeasures, LCD Displays, Moving Maps, Enhanced Vision Systems (EVS), Inflight Entertainment, Angle of Attack Indicators, Proximity Sensors, Testing Services, Environmental Testing Services, Electromagnetic Test Services|
|BendixKing||Avionics Management Systems, Radio Communications Equipment, Radar Transponders, Transceivers, Autopilots, Storm-Warning Radar, Electronic Flight Instrument Systems, Attitude Indicators|
|TruTrak, part of BendixKing||Autopilots, Electronic Flight Instrument Systems|
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|Flight and Data Management|