Copa Airlines Selects Honeywell's Fuel Tank Safety Technology For Boeing 737 Fleet

Copa Holdings SA (NYSE:CPA) subsidiary Copa Airlines has selected Honeywell International Inc (NASDAQ:HON) to provide the Air Separation Module (ASM) kit for its fleet of Boeing Co (NYSE:BA) 737 aircraft. The financial terms of the contract were not disclosed.
Copa is the first airline to operate Honeywell's version of the safety system that has a seven-year warranty.
Honeywell's ASM can be installed roughly six to eight hours faster than the current product from the original equipment manufacturer. This shortened installation time contributes to lower maintenance costs.
Additionally, Honeywell's ASM has increased durability over other options currently installed in 737 aircraft and is designed to integrate with its Nitrogen Generation System, which has been line-fit on every 737 built after 2008.
It is supplied as a kit and contains a new Honeywell ASM, complete with all needed blankets and brackets, ozone destruct filter and instructions for installation.
Price Action: HON shares closed lower by 0.63% at $228.23, and CPA shares closed up 0.03% at $75.65 on Monday.