(MT Newswires) -- Vimal Kapur, head of Honeywell, is focusing on transforming the company away from its conglomerate image to focus on three strategic business areas: the future of aviation, automation and the energy transition. Honeywell now operates as an integrated company, leveraging the synergies between these areas to create value.

The company recently strengthened its position through a significant acquisition, aimed at deepening its involvement in these fundamental trends. Kapur highlights the importance of sustainable aviation fuels, a solution available today, with the possibility of blending up to 50% of these fuels with conventional jet fuels and representing a step towards greener aviation. It also looks at the role of electrification and urban air mobility as areas of future development for the aviation sector.

Artificial intelligence is identified as a major growth driver, with the potential to overcome skills shortages and increase worker productivity. Kapur sees AI as a tool that makes operators and maintenance technicians more efficient, providing new opportunities for Honeywell's customers.

Kapur explains that Honeywell's M&A strategy aims to further refine its portfolio around established megatrends, with an annual budget of $8bn dedicated to these strategic initiatives. These investments should enable Honeywell to position itself more competitively in the areas of aviation, automation and energy transition.

Despite these developments, Kapur expresses his frustration at Honeywell's current valuation on the stock market. He believes the company deserves better recognition of its value because of its robust portfolio and growth orientation. However, he remains optimistic that future results will reflect Honeywell's fair value.

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