The key to your success is going to be finding a description of the binary data that the compass is transmitting. Hopefully this is available from Honeywell. If it is not, then you have a much more difficult task ahead of you, as you will have to attempt to decode the binary data yourself. This is probably beyond the scope of what I would expect someone on the forum to help you with, unless they have worked with this exact instrument in the past.
Once you know what the data format is, converting it to readable data types is going to consist of extracting the appropriate substrings from your long hex string, then typecasting them to the proper data types. This is actually fairly simple to do, but only if you have a reference telling you how the output data is formatted.
See if you can find a reference for the data format, and then it will be much easier for me or others on the forum to help you figure out how to extract the data in LabVIEW.
- Jason S.