 Honeywell International Inc NASDAQ: HON and key Toyota Motor Corp NYSE: TM supplier Denso Corp OTC: DNZOY have formed a long-term partnership to develop and manufacture electric propulsion systems for aircraft with a focus on air taxis and delivery vehicles. What Happened: The two companies plan to use their automotive and aerospace expertise and have their first electric propulsion motors ready for flight tests in 2022 and they are in advanced discussions with current and prospective customers, according to a statement. 