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Honeywell and Safran to Create Joint Venture to Launch New Green Aircraft Taxiing System

Honeywell (NYSE: HON) and French aerospace leader Safran (NYSE Euronext Paris: SAF) have signed a memorandum of understanding to create a joint venture company to deliver an innovative new electric green taxiing system for new and existing aircraft. Honeywell and Safran expect it to be installed on new aircraft and retrofitted on to existing planes, beginning in 2016. ( More...

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