Honeywell International Inc. ( HON - Free Report ) stands to benefit from a solid momentum in its defense and space business, supported by stable U.S. government defense budgets. For 2021, the company anticipates organic growth in the defense and space business to be flat to up in low-single digits. Also, strong demand for warehouse automation products and robust backlog level are likely to support its Intelligrated business. For the ongoing year, it expects overall revenues in the range of $34-$34.8 billion with organic revenues projected to be up 3-5% from the year-ago reported figure. Further, the company's Sparta Systems buyout (in April 2021) is predicted to strengthen its position in the digital transformation, industrial automation and enterprise performance management solutions space. Moreover, the Ballard Unmanned Systems takeover (October 2020) is steadily enhancing its prospects in the unmanned aerial systems market.