NEW DELHI: Honeywell International Inc said on Monday it was partnering with the Indian government to ramp up oxygen production in the country.
Honeywell, which makes aircraft parts for planes manufactured by Boeing Co and Canada s Bombardier Inc, said its researchers will collaborate with Indian scientists to test and validate suitability of adsorbents for oxygen production in India.
Indian hospitals ran out of beds and life-saving oxygen during a devastating second wave of coronavirus in April and May.
The country s total Covid-19 case load now stands at 29.51 million, while total fatalities are at 374,305.
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(Reuters) -Honeywell International Inc said on Friday sales at its aerospace business would trend at the lower end of its full-year forecast due to a slow recovery in its high-margin commercial aftermarket sales business, sending shares down 3%.
Honeywell, which makes aircraft parts for planes manufactured by Boeing Co and Canada s Bombardier Inc, saw its revenue tumble after the COVID-19 pandemic brought air travel to a standstill.
Rising infection rates and the lack of peak holiday travel led to fewer flight hours and hit the company s air transport aftermarket sales, which fell 48% from last year. Weakness in commercial aero and oil & gas are persisting longer than hoped for, said RBC analyst Deane Dray.
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