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DENSO, Honeywell ascend into urban air mobility with expanded alliance
DENSO, a leading mobility supplier, has signed a long-term agreement with aerospace leader Honeywell (NASDAQ: HON), establishing an alliance focused on electric propulsion units to meet new aerospace needs. Drawing from their automotive and aerospace backgrounds, the companies will develop and manufacture electric propulsion systems for aircraft, initially prioritizing the urban air mobility (UAM) segment with a focus on air taxis and delivery vehicles.
DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test configurations of the electric propulsion systems within the next year. This focus on electrified power sources will not only help the companies fulfill UAM’s promise of providing cleaner, safer, more efficient, quieter and freer-moving transportation in and between cities, but also strengthen each company’s efforts to achieve carbon neutrality by 2035.