Honeywell International Inc.
Company typePublic
IndustryConglomerate
Predecessor
Founded1906; 118 years ago (1906) in Wabash, Indiana, U.S.
FounderMark C. Honeywell (for the Honeywell Inc. line)
HeadquartersCharlotte, North Carolina, U.S.
Area served
Worldwide
Key people
RevenueIncrease US$36.66 billion (2023)
Increase US$7.159 billion (2023)
Increase US$5.672 billion (2023)
Total assetsDecrease US$61.53 billion (2023)
Total equityDecrease US$16.43 billion (2023)
Number of employees
c. 95,000 (2023)
Subsidiaries
Websitehoneywell.com
Footnotes / references
[1]

Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building automation, performance materials and technologies (PMT), and safety and productivity solutions (SPS).[2] Honeywell is a Fortune 500 company, ranked 115th in 2023.[3] In 2023, the corporation had a global workforce of approximately 95,000 employees.[1][4] The current chairman is Darius Adamczyk and the chief executive officer (CEO) is Vimal Kapur.[5]

The corporation's current name, Honeywell International Inc., is a product of the merger of Honeywell Inc. and AlliedSignal in 1999. The corporation headquarters were consolidated with AlliedSignal's headquarters in Morristown, New Jersey. The combined company chose the name "Honeywell" because of the considerable brand recognition.[6] Honeywell was a component of the Dow Jones Industrial Average index from 1999 to 2008. Prior to 1999, its corporate predecessors were included dating back to 1925, including early entrants in the computing and thermostat industries.[7][8]

In 2020, Honeywell rejoined the Dow Jones Industrial Average index.[9] In 2021, it moved its stock listing from the New York Stock Exchange to the Nasdaq.[10]

History

The Butz Thermo-Electric Regulator Company was founded in 1885 when the Swiss-born Albert Butz invented the damper-flapper, a thermostat used to control coal furnaces, bringing automated heating system regulation into homes.[11] In 1886, he founded the Butz Thermo-Electric Regulator Company. In 1888, after a falling out with his investors, Butz left the company and transferred the patents to the legal firm Paul, Sanford, and Merwin, who renamed the company the Consolidated Temperature Controlling Company.[11]

As the years passed, CTCC struggled with debt, and the company underwent several name changes. After it was renamed the Electric Heat Regulator Company in 1893, W.R. Sweatt, a stockholder in the company, was sold "an extensive list of patents" and named secretary-treasurer.[12]: 22  By 1900, Sweatt had bought out the remaining shares of the company from the other stockholders.[13]

1906 Honeywell Heating Specialty Company founded

In 1906, Mark Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana, to manufacture and market his invention, the mercury seal generator.[14][15]

The Honeywell 516, later used as the Interface Message Processor

1922–1934 Mergers and acquisitions

As Honeywell's company grew, thanks in part to the acquisition of Jewell Manufacturing Company in 1922 to better automate his heating system, it began to clash with the Electric Heat Regulator Company now-renamed Minneapolis Heat Regulator Company. In 1927, this led to the merging of both companies into the publicly-held Minneapolis-Honeywell Regulator Company. Honeywell was named the company's first president, alongside W.R. Sweatt as its first chairman.[16]

In 1929, combined assets were valued at over $3.5 million, with less than $1 million in liabilities just months before Black Monday.[12]: 49  In 1931, Minneapolis-Honeywell began a period of expansion and acquisition when they purchased the Time-O-Stat Controls Company, giving the company access to a greater number of patents for their controls systems.

W.R. Sweatt and his son Harold provided 75 years of uninterrupted leadership for the company. W.R. Sweatt survived rough spots and turned an innovative idea – thermostatic heating control – into a thriving business.

1934–1941 International growth

Harold took over in 1934, leading Honeywell through a period of growth and global expansion that set the stage for Honeywell to become a global technology leader. The merger into the Minneapolis-Honeywell Regulator Company proved to be a saving grace for the corporation.

1934 marked Minneapolis-Honeywell's first foray into the international market, when they acquired the Brown Instrument Company and inherited their relationship with the Yamatake Company of Tokyo, a Japan-based distributor.[12]: 51  Later in 1934, Minneapolis-Honeywell started distributorships across Canada, as well as one in the Netherlands, their first European office. This expansion into international markets continued in 1936, with their first distributorship in London, as well as their first foreign assembly facility being established in Canada. By 1937, ten years after the merger, Minneapolis-Honeywell had over 3,000 employees, with $16 million in annual revenue.[11]

World War II

With the outbreak of World War II, Minneapolis-Honeywell was approached by the US military for engineering and manufacturing projects. In 1941, Minneapolis-Honeywell developed a superior tank periscope, camera stabilizers, and the C-1 autopilot.

A World War II-era Honeywell C-1 autopilot control panel

The C-1 revolutionized precision bombing and was ultimately used on the two B-29 bombers that dropped atomic bombs on Japan in 1945. The success of these projects led Minneapolis-Honeywell to open an Aero division in Chicago on October 5, 1942.[12]: 73  This division was responsible for the development of the formation stick to control autopilots, more accurate fuel quantity indicators for aircraft, and the turbo supercharger.[12]: 79 

In 1950, Minneapolis-Honeywell's Aero division was contracted for the controls on the first US nuclear submarine, USS Nautilus.[12]: 88  In 1951, the company acquired Intervox Company for their sonar, ultrasonic, and telemetry technologies. Honeywell also helped develop and manufacture the RUR-5 ASROC for the US Navy.

1950–1970s

In 1953, in cooperation with the USAF Wright-Air Development Center, Honeywell developed an automated control unit, that could control an aircraft through various stages of a flight, from taxiing to takeoff to the point where the aircraft neared its destination and the pilot took over for landing. Called the Automatic Master Sequence Selector, the onboard control operated similarly to a player piano to relay instructions to the aircraft's autopilot at certain way points during the flight, significantly reducing the pilot's workload.[17] Technologically, this effort had parallels to contemporary efforts in missile guidance and numerical control. Honeywell also developed the Wagtail missile with the USAF.

A Honeywell-Pentax-Spotmatic

From the 1950s until the mid-1970s, Honeywell was the United States' importer of Japanese company Asahi Optical's Pentax cameras and photographic equipment.[12]: 153  These products were labeled "Heiland Pentax" and "Honeywell Pentax" in the U.S. In 1953, Honeywell introduced their most famous product, the T-86 Round thermostat.[11][12]: 110 

A Honeywell thermostat

In 1961, James H. Binger became Honeywell's president and in 1965 its chairman. Binger revamped the company sales approach, placing emphasis on profits rather than on volume. He stepped up the company's international expansion – it had six plants producing 12% of the company's revenue. He officially changed the company's corporate name from "Minneapolis-Honeywell Regulator Co." to "Honeywell", to better represent their colloquial name. Throughout the 1960s, Honeywell continued to acquire other businesses, including Security Burglar Alarm Company in 1969.[12]: 130 

In the 1970s, after one member of a group called FREE[18] on the Minneapolis campus (U of M) of the University of Minnesota[19] asked five major companies with local offices to explain their attitudes toward gay men and women, three responded quickly,[20] insisting that they did not discriminate against gay people in their hiring policies. Only Honeywell objected to hiring gay people.[21] Later in the 1970s, when faced with a denial of access to students, Honeywell "quietly [reversed] its hiring policy".[22]

The beginning of the 1970s saw Honeywell focus on process controls, with Honeywell merging their computer operations with GE's information systems in 1970, and later acquiring GE's process control business.[12]: 122  With the acquisition, Honeywell took over responsibility for GE's ongoing Multics operating system project. The design and features of Multics greatly influenced the Unix operating system. Multics influenced many of the features of Honeywell/GE's GECOS and GCOS8 General Comprehensive Operating System operating systems. Honeywell, Groupe Bull, and Control Data Corporation formed a joint venture in Magnetic Peripherals Inc. which became a major player in the hard disk drive market.[12]: 124 

Honeywell was the worldwide leader in 14-inch disk drive technology in the OEM marketplace in the 1970s and early 1980s, especially with its SMD (Storage Module Drive) and CMD (Cartridge Module Drive). In the second half of the 1970s, Honeywell started to look to international markets again, acquiring the French Compagnie Internationale pour l’Informatique in 1976.[12]: 124  In 1984, Honeywell formed Honeywell High Tech Trading to lease their foreign marketing and distribution to other companies abroad, in order to establish a better position in those markets.[12]: 147  Under Binger's stewardship from 1961 to 1978 he expanded the company into such fields as defense, aerospace, and computing.

During and after the Vietnam Era, Honeywell's defense division produced a number of products, including cluster bombs, missile guidance systems, napalm, and land mines. Minnesota-Honeywell Corporation completed flight tests on an inertia guidance sub-system for the X-20 project at Eglin Air Force Base, Florida, utilizing an NF-101B Voodoo by August 1963. The X-20 project was canceled in December 1963.[23] The Honeywell project, founded in 1968, organized protests against the company to persuade it to abandon weapons production[24]

In 1980, Honeywell bought Incoterm Corporation to compete in both the airline reservations system networks and bank teller markets.

Honeywell Information Systems

A 1990 Honeywell-Bull Entry Level Mainframe DPS 7 mainframe

In April 1955, Minneapolis-Honeywell started a joint venture with Raytheon called Datamatic to enter the computer market and compete with IBM.[12]: 118  In 1957, their first computer, the DATAmatic 1000, was sold and installed. In 1960, just five years after embarking on this venture with Raytheon, Minneapolis-Honeywell bought Raytheon's interest in Datamatic and turned it into the Electronic Data Processing division, later Honeywell Information Systems (HIS) of Minneapolis-Honeywell.[12]: 118 

Honeywell purchased minicomputer pioneer Computer Control Corporation (3C's) in 1966, renaming it as Honeywell's Computer Control Division. Through most of the 1960s, Honeywell was one of the "Snow White and the Seven Dwarfs" of computing. IBM was "Snow White", while the dwarfs were the seven significantly smaller computer companies: Burroughs, Control Data Corporation, General Electric, Honeywell, NCR, RCA, and UNIVAC. Later, when their number had been reduced to five,[25] they were known as "The BUNCH", after their initials: Burroughs, UNIVAC, NCR, Control Data Corporation, and Honeywell.[26]

In 1970, Honeywell acquired GE's computer business, rebadging General Electric's 600-series mainframes to Honeywell 6000 series computers, supporting GCOS, Multics, and CP-6, while forming Honeywell Information Systems.[27] In 1973, they shipped a high speed non-impact printer called the Honeywell Page Printing System. In 1975, it purchased Xerox Data Systems, whose Sigma computers had a small but loyal customer base. Some of Honeywell's systems were minicomputers, such as their Series 60 Model 6 and Model 62[28][29] and their Honeywell 200. The latter was an attempt to penetrate the IBM 1401 market.

In 1987, HIS merged with Groupe Bull, a global joint venture with Compagnie des Machines Bull of France and NEC Corporation of Japan to become Honeywell Bull. In 1988 Honeywell Bull was consolidated into Groupe Bull and in 1989 renamed to Bull, a Worldwide Information Systems Company.[30] By 1991, Honeywell was no longer involved in the computer business.[31][32]

1985–1999 integrations

Aerospace and defense

1986 marked a new direction for Honeywell, beginning with the acquisition of the Sperry Aerospace Group from the Unisys Corporation.[33] In 1990, Honeywell spun off their Defense and Marine Systems business into Alliant Techsystems, as well as their Test Instruments division and Signal Analysis Center to streamline the company's focus.[34] Honeywell continues to supply aerospace products including electronic guidance systems, cockpit instrumentation, lighting, and primary propulsion and secondary power turbine engines. In 1996, Honeywell acquired Duracraft and began marketing its products in the home comfort sector.[35]

Honeywell is in the consortium that runs the Pantex Plant that assembles all of the nuclear bombs in the United States arsenal.[36][37] Honeywell Federal Manufacturing & Technologies, successor to the defense products of AlliedSignal, operates the Kansas City Plant which produces and assembles 85 percent of the non-nuclear components of the bombs.[38]

Home and building controls

Honeywell began the SmartHouse project, to combine heating, cooling, security, lighting, and appliances into one easily controlled system. They continued the trend in 1987 by releasing new security systems, and fire and radon detectors. In 1992, in another streamlining effort, Honeywell combined their Residential Controls, Commercial Systems, and Protections Services divisions into Home and Building Control, which then acquired the Enviracare air cleaner business.[12]: 183  By 1995, Honeywell had condensed into three divisions: Space and Aviation Control, Home and Building Control, and Industrial Control.[39]

Industrial control

Honeywell dissolved its partnership with Yamatake Company and consolidated its Process Control Products Division, Process Management System Division, and Micro Switch Division into one Industrial Control Group in 1998.[citation needed] It has further acquired Measurex System and Leeds & Northrup to strengthen its portfolio in 1997.[40]

1999–2002 merger, takeovers

AlliedSignal and Pittway

Main articles: AlliedSignal and Pittway

On June 7, 1999, Honeywell was acquired by AlliedSignal, who elected to retain the Honeywell name for its brand recognition.[11] The former Honeywell moved their headquarters of 114 years to AlliedSignal's in Morristown, New Jersey. While "technically, the deal looks more like an acquisition than a merger...from a strategic standpoint, it is a merger of equals."[6] AlliedSignal's 1998 revenue was reported at $15.1 billion to Honeywell's $8.4 billion, but together the companies share huge business interests in aerospace, chemical products, automotive parts, and building controls.

The corporate headquarters were consolidated to AlliedSignal's headquarters in Morristown, New Jersey, rather than Honeywell's former headquarters in Minneapolis, Minnesota. When Honeywell closed its corporate headquarters in Minneapolis, over one thousand employees lost their jobs. A few moved to Morristown or other company locations, but the majority were forced to find new jobs or retire. Soon after the merger, the company's stock fell significantly, and did not return to its pre-merger level until 2007.

In 2000, the new Honeywell acquired Pittway for $2.2 billion to gain a greater share of the fire-protection and security systems market, and merged it into their Home and Building Control division,[41] taking on Pittway's $167 million in debt. Analyst David Jarrett commented that "while Honeywell offered a hefty premium, it's still getting Pittway for a bargain" at $45.50 per share, despite closing at $29 the week before.[42] Pittway's Ademco products complemented Honeywell's existing unified controls systems.

General Electric Company

In October 2000, Honeywell, then valued at over $21 billion, accepted a takeover bid from then-CEO Jack Welch of General Electric.[43] The American Department of Justice cleared the merger, while "GE teams swooped down on Honeywell" and "GE executives took over budget planning and employee reviews." However, on July 3, 2001, the European Commission's competition commissioner, Mario Monti, blocked the move.[44] This decision was taken on the grounds that with GE's dominance of the large jet engine market, led by the General Electric CF34 turbofan engine, its leasing services (GECAS), and Honeywell's portfolio of regional jet engines and avionics, the new company would be able to "bundle" products and stifle competition through the creation of a horizontal monopoly.[45][46]

US regulators disagreed, finding that the merger would improve competition and reduce prices; United States Assistant Attorney General Charles James called the EU's decision "antithetical to the goals of antitrust law enforcement."[47][46] This led to a drop in morale and general tumult throughout Honeywell. The then-CEO Michael Bonsignore was fired as Honeywell looked to turn their business around.

2002–2014 acquisitions and further expansion

A Honeywell glass cockpit, sold under the brand BendixKing

In January 2002, Knorr-Bremse – who had been operating in a joint venture with Honeywell International Inc. – assumed full ownership of its ventures in Europe, Brazil, and the USA. Bendix Commercial Vehicle Systems became a subsidiary of Knorr-Bremse AG. Although declining in influence, Honeywell maintains a presence in emerging industries, such as Northern Alberta's oil sands. Honeywell's Plant integrator is currently deployed in some of the most important plant-sites in the Oil Sands, Syncrude, Suncor, and others.[48]

In February 2002, Honeywell's board appointed their next CEO and chairman, David M. Cote. Cote was instrumental in uniting the company cultures of Honeywell, AlliedSignal, and Pittway. Since 2002, Honeywell has made more than 80 acquisitions and 60 divestures, while adding $12 billion in new sales[49] and increasing its labor force to 131,000 as a result of these acquisitions. Under his tenure, Honeywell's stock nearly tripled from $35.23 in April 2002 to $99.39 in January 2015.[50]

Honeywell made a £1.2bn ($2.3bn) bid for Novar plc in December 2004.[51][52] The acquisition was finalized in March 2005.[53][54] In October 2005, Honeywell bought out Dow's 50% stake in UOP for $825 million, giving them complete control over the joint venture in petrochemical and refining technology.[55] In May 2010, Honeywell outbid UK-based Cinven and acquired the French company Sperian Protection for $1.4 billion, which was then incorporated into its automation and controls safety unit.[56]

2015–present

In 2015, the headquarters were moved to Morris Plains, New Jersey.[57] The 475,000-square-foot building on 40 acres in Morris Plains featured state-of-the-art technology and greater energy efficiency than Honeywell's Morristown campus, which was underutilized, outdated and costly, according to Cote.

In December 2015, Honeywell completed the acquisition of Elster for US$5.1B, announced in July 2015, entering the space of gas, electricity, and water meters with a specific focus on smart meters and hoped to be a growth driver for Honeywell in 2016 and beyond. The deal complements the HON Combustion business with the addition of Elster with strong brands such as Kromschroeder and Eclipse. Honeywell International Inc. then acquired the 30% stake in UOP Russell LLC it didn't own already for roughly $240 million in January 2016.[58]

In February 2016, Honeywell entered into a definitive agreement to acquire Xtralis, a leading global provider of aspirating smoke detection along with advanced perimeter security technologies and video analytics software, for $480 million, from funds advised by Pacific Equity Partners and Blum Capital Partners. The deal was completed in April 2016.[59] In May 2016, Honeywell International Inc. settled its patent dispute regarding Google subsidiary Nest Labs, whose thermostats Honeywell claimed infringed on several of its patents. Google parent Alphabet Inc. and Honeywell said they reached a "patent cross-license" agreement that "fully resolves" the long-standing dispute. Honeywell sued Nest Labs in 2012.[60] In 2017, Honeywell opened a new software center in Atlanta, Georgia.[61]

David Cote stepped down as CEO on April 1, 2017, and was succeeded by Darius Adamczyk, who had been promoted to president and chief operating officer (COO) in 2016. Cote served as executive chairman to April 2018.[62] In October 2017, Honeywell announced plans to spin off its Homes, ADI Global Distribution, and Transportation Systems businesses into two separate, publicly traded companies by the end of 2018.[63]

In 2018, Honeywell spun off both Honeywell Turbo Technologies, now Garrett Advancing Motion, and its consumer products business, Resideo.[64][65] Both companies are publicly traded on the New York Stock Exchange. For the fiscal year 2019, Honeywell reported net income of US$6.230 billion, with an annual revenue of US$36.709 billion, a decrease of 19.11% over the previous fiscal cycle. Honeywell's shares traded at over $158 per share, and its market capitalization was valued at over US$113.25 billion in September 2020.[66][67][68][69]

Honeywell relocated its corporate headquarters in October 2019 to Charlotte, North Carolina. In July 2019, Honeywell moved employees into a temporary headquarters building in Charlotte before their new building was complete.[70]

Honeywell Forge launched as an analytics platform software for industrial and commercial applications such as aircraft, building, industrial, worker and cyber-security.[71] In collaboration with Carnegie Mellon University National Robotics Engineering Center, the Honeywell Robotics was created in Pittsburgh to focus on supply chain transformation.[72] The Honeywell robotic unloader grabs packages in tractor-trailers then places them on conveyor belts for handlers to sort.[73]

In May 2019, GoDirect Trade launched as an online marketplace for surplus aircraft parts such as engines, electronics, and APU parts.[74] In March 2020, Honeywell announced that its quantum computer is based on trapped ions. Its expected quantum volume is at least 64, which Honeywell's CEO called the world's most powerful quantum computer.[75][76] In November 2021, Honeywell announced the spinoff of its quantum division into a separate company named "Quantinuum".[77][78]

In March 2023, Honeywell announced Vimal Kapur as its next CEO, effective June 1, 2023.[79] In December 2023, Honeywell acquired Carrier Global's security business for nearly $5 billion to boost its automation portfolio.[80]

In February 2024, Honeywell filed a lawsuit against Lone Star Aerospace, Inc due to their software products that allegedly infringe on five patents.[81]

COVID-19 pandemic

In response to the COVID-19 pandemic, Honeywell converted some of its manufacturing facilities in Rhode Island, Arizona, Michigan and Germany to produce supplies of personal protective equipment for healthcare workers.[82][83] In April 2020, Honeywell began production of N95 masks at the company's factories in Smithfield and Phoenix, aiming to produce 20 million masks a month. Honeywell's facilities in Muskegon and Germany were converted to produce hand sanitiser for government agencies.[84]

Several state governments contracted Honeywell to produce N95 particulate-filtering face masks during the pandemic. The North Carolina Task Force for Emergency Repurposing of Manufacturing (TFERM) awarded Honeywell a contract for the monthly delivery of 100,000 N95 masks. In April 2020, Los Angeles Mayor Eric Garcetti announced a deal with Honeywell to produce 24 million N95 masks to distribute to healthcare workers and first responders.[85][86]

In May 2020, United States President Donald Trump visited the Honeywell Aerospace Technologies facility in Phoenix, where he acknowledged the "incredibly patriotic and hard-working men and women of Honeywell" for making N95 masks and referred to the company's production as a "miraculous achievement".[87][88]

In April 2021, Will.i.am and Honeywell collaborated on Xupermask, a smart mask made of silicon and athletic mesh fabric that has LED lights, 3-speed fans and noise-canceling headphones in the mask.[89][90]

Business groups

Main article: List of Honeywell products and services
Honeywell House (Innoteknia) in Kuopio Science Park in Kuopio, Finland
A Honeywell wireless home alarm system control panel
A Honeywell digital compass sensor mounted on a circuit board

The company operates four business groups – Honeywell Aerospace Technologies, Building Automation, Safety and Productivity Solutions (SPS), and Performance Materials and Technologies (PMT).[68][91] Business units within the company are as follows:[92][93]

Honeywell Aerospace Technologies provides avionics, aircraft engines, flight management systems, and service solutions to manufacturers, airlines, airport operations, militaries, and space programs. It comprises Commercial Aviation, Defense & Space, and Business & General Aviation.[94][95][96] In January 2014, Honeywell Aerospace Technologies launched its SmartPath Precision Landing System at Malaga-Costa del Sol Airport in Spain, which augments GPS signals to make them suitable for precision approach and landing, before broadcasting the data to approaching aircraft.[97]

In July 2014, Honeywell's Transportation Systems merged with the Aerospace division due to similarities between the businesses.[98] In April 2018, Honeywell announced to develop laser communication products for satellite communication in collaboration with Ball Aerospace and plans future volume production. In June 2018 Honeywell spun off and rebranded its Transportation Systems as Garrett.[99]

Building Automation and Honeywell Safety and Productivity Solutions were created when Automation and Control Solutions was split into two in July 2016.[100][92] Building Automation comprises Honeywell Building Solutions, Environmental and Energy Solutions, and Honeywell Security and Fire. In December 2017, Honeywell announced that it had acquired SCAME, an Italy-based company, to add new fire and gas safety capabilities to its portfolio.[101] Honeywell Safety and Productivity Solutions comprises Scanning & Mobility, Sensing and Internet of Things, and Industrial safety.[102]

Honeywell Performance Materials and Technologies comprises six business units: Honeywell UOP,[103] Honeywell Process Solutions, Fluorine Products, Electronic Materials, Resins & Chemicals, and Specialty Materials. Products include process technology for oil and gas processing, fuels, films and additives, special chemicals, electronic materials, and renewable transport fuels.[104][105]

Corporate governance

Honeywell's current chief executive officer is Vimal Kapur.[106][107] As of June 2023, the members of the board are:[108]

Vimal Kapur Chief executive officer
Darius Adamczyk Chairman
Duncan B. Angove Chief Executive Officer of Arcspring LLC[109]
William S. Ayer Retired chairman of the board and chief executive officer of Alaska Air Group
Kevin Burke Non-executive chairman of Consolidated Edison, Inc. (Con Edison)
Deborah Flint[110] President and chief executive officer of the Greater Toronto Airports Authority (GTAA)[109]
D. Scott Davis Chairman and chief executive officer of United Parcel Service, Inc. (UPS)
Rose Lee President and CEO Cornerstone Buildings Brands
Grace D. Lieblein Vice president of global purchasing and supply chain of General Motors Corporation (GM)
Robin L. Washington Executive vice president and chief financial officer of Gilead Sciences, Inc.
Robin Watson CBE Former chief executive officer of Wood Plc

Acquisitions since 2002

Honeywell's acquisitions have consisted largely of businesses aligned with the company's existing technologies. The acquired companies are integrated into one of Honeywell's four business groups (Aerospace Technologies (AT), Building Automation (BA), Safety and Productivity Solutions (SPS), or Performance Materials and Technologies (PMT)) but retain their original brand name.

Year Acquisition Business Group
2023 LenelS2

Supra

Onity

SPS
2021 Sparta Systems[111] PMT
2020 Sine Group[112] HBT
Ballard Unmanned Systems[113][114] AT
2019 Tru-Trak Flight Systems[115] AT
Rebellion Photonics SPS
2018 Transnorm[116][117] SPS
2017 Nextnine[118] PMT
SCAME Sistemi[119] HBT
FLUX[120][a] SPS
2016 Com Dev[122] AT
RSI[123] HBT
Intelligrated[124] SPS
Xtralis[125] HBT
Movilizer[126] SPS
UOP Russell LLC[127] PMT
2015 Seelze[128] PMT
Elster[129][130] PMT
Aviaso[131] HBT
Datamax-O'Neil[132] SPS
2013 Saia Burgess Controls[133][130] HBT
Intermec[134] SPS
RAE Systems[135] SPS
2012 Fire Sentry[136][137] HBT
InnCom[138][139] HBT
Thomas Russell LLC[140] PMT
2011 EMS[141] SPS/AT
Iris Systems[142] HBT
Kings Safety Shoes[143] SPS
2010 Akuacom[144][145] HBT
Matrikon[146] PMT
E-Mon[147][148] HBT
Sperian[56] SPS
2009 RMG[149] PMT
Cythos[150] SPS
2008 AV Digital Audio-Videotechnik GmbH[151] HBT
Energy Services Group, LLC[152] PMT
Metrologic[153] SPS
IAC[154] AT
Callidus[155] PMT
Norcross[156] SPS
2007 Plant Automation Systems, Inc. (PAS)[157] PMT
Dimensions Int'l[158] AT
ActiveEye[159] SPS
Burtek[160] PMT
Ex-Or[161] HBT
Enraf Holdings B.V.[162] SPS
Handheld Products[163] SPS
Maxon Corporation[164] PMT
2006 Sempra Energy Services[152] PMT
First Technology[165] SPS
Gardiner Group[166] HBT
2005 Honeywell UOP[55] PMT
Novar Controls[167] HBT
Zellweger[168] SPS
Lebow SPS
Friedland HBT
InterCorr International, Inc.[169] SPS
Tridium, Inc.[170] HBT
2004 Hymatic Group[171] AT
Genesis Cable[172] HBT
HomMed, LLC[173] SPS
Aube Technologies[174] HBT
Vindicator[175] HBT
Electro-Radiation Incorporated (ERI)[176] AT
Edgelinx[177] HBT
GEM Microelectronics[178] PMT
2003 Silent Witness[179] HBT
Sensotec[180] SPS
Baker Electronics[181] AT
Gamewell[182] HBT
Olympo[183] HBT
FutureSmart[184] HBT
Kolon Films[185] PMT
Betatech[186] HBT
2002 Invensys Sensor Systems[187] SPS
Chadwick Helmuth[188][189] AT
Ultrak[190] HBT
Mora Moravia[191] AT
Shanghai Alarm[192] HBT

Environmental record

The United States Environmental Protection Agency states that no corporation has been linked to a greater number of Superfund toxic waste sites than Honeywell.[193] In 2007, Honeywell ranked 44th in a list of US corporations most responsible for air pollution, releasing more than 4.25 million kg (9.4 million pounds) of toxins per year into the air.[194] In 2001, Honeywell agreed to pay $150,000 in civil penalties and to perform $772,000 worth of reparations for environmental violations involving:[195]

In 2003, a federal judge in Newark, New Jersey, ordered the company to perform an estimated $400 million environmental remediation of chromium waste, citing "a substantial risk of imminent damage to public health and safety and imminent and severe damage to the environment."[196] In 2003, Honeywell paid $3.6 million to avoid a federal trial regarding its responsibility for trichloroethylene contamination in Lisle, Illinois.[197] In 2004, the State of New York announced that it would require Honeywell to complete an estimated $448 million cleanup of more than 74,000 kg (165,000 lbs) of mercury and other toxic waste dumped into Onondaga Lake in Syracuse, New York, from a former Allied Chemical property.[198]

Honeywell established three water treatment plants by November 2014. The chemicals cleanup site removed 7 tons of mercury.[199] In November 2015, Audubon New York gave the Thomas W. Keesee Jr. Conservation Award to Honeywell for its cleanup efforts in “one of the most ambitious environmental reclamation projects in the United States.”[200] By December 2017, Honeywell completed dredging the lake.[201] Later in December, the Department of Justice filed a settlement requiring Honeywell to pay a separate $9.5 million in damages, as well build 20 restoration projects on the shore to help repair the greater area surrounding the lake.[201]

In 2005, the state of New Jersey sued Honeywell, Occidental Petroleum, and PPG to compel cleanup of more than 100 sites contaminated with chromium, a metal linked to lung cancer, ulcers, and dermatitis.[202] In 2008, the state of Arizona made a settlement with Honeywell to pay a $5 million fine and contribute $1 million to a local air-quality cleanup project, after allegations of breaking water-quality and hazardous-waste laws on hundreds of occasions between 1974 and 2004.[203]

In 2006, Honeywell announced that its decision to stop manufacturing mercury switches had resulted in reductions of more than 11,300 kg (24,900 lb) of mercury, 2,800 kg (6,200 lb) of lead, and 1,500 kg (3,300 lb) of chromic acid usage. The largest reduction represents 5% of mercury use in the United States.[204] The EPA acknowledged Honeywell's leadership in reducing mercury use through a 2006 National Partnership for Environmental Priorities (NPEP) Achievement Award for discontinuing the manufacturing of mercury switches.[205]

Harvey Cox holding a Honeywell fragmentation bomb, 1973

Carbon footprint

Honeywell reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 2,248 Kt (-89 /-3.8% y-o-y).[206] Honeywell aims to reach net zero emissions by 2035.[207]

Honeywell's annual total CO2e Emissions - Location-Based Scope 1 + Scope 2 (in kilotonnes)
Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
5,760[208] 5,262[209] 4,218[210] 2,584[211] 2,528[212] 2,337[213] 2,248[206]

Criticism

On March 10, 2013, The Wall Street Journal reported that Honeywell was one of sixty companies that shielded annual profits from U.S. taxes.[214] In December 2011, the non-partisan liberal organization Public Campaign criticized Honeywell International for spending $18.3 million on lobbying and not paying any taxes during 2008–2010, instead getting $34 million in tax rebates, despite making a profit of $4.9 billion, laying off 968 workers since 2008, and increasing executive pay by 15% to $54.2 million in 2010 for its top five executives.[215]

Honeywell has also been criticized in the past for its manufacture of deadly and maiming weapons, such as cluster bombs.[216]

See also

Explanatory notes

  1. ^ Honeywell acquired a 25% stake in FLUX and a 75% stake in a new joint venture focused outside of China.[121]

References

  1. ^ a b "Honeywell International Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 16, 2024.
  2. ^ "About Us". Honeywell. Archived from the original on March 3, 2020. Retrieved March 2, 2020.
  3. ^ "Honeywell International". Fortune. Archived from the original on September 26, 2021. Retrieved July 12, 2023.
  4. ^ "Honeywell: Number of Employees 2006-2021". www.macrotrends.net. Archived from the original on November 10, 2021. Retrieved November 10, 2021.
  5. ^ "Leadership". Honeywell. Archived from the original on March 8, 2020. Retrieved March 2, 2020.
  6. ^ a b Deutsch, Claudia H.; Holson, Laura M. (June 7, 1999). "Allied Signal and Honeywell to Announce Merger Today". The New York Times. Archived from the original on June 30, 2017. Retrieved February 16, 2017.
  7. ^ "Dow Jones Industrial Average History". Global Financial Data. Archived from the original on April 21, 2006.
  8. ^ Goldman, David (February 11, 2008). "Dow industrials Add Bank of America, Chevron". CNN. Archived from the original on May 14, 2012. Retrieved February 28, 2020.
  9. ^ "Honeywell CEO Darius Adamczyk on rejoining the Dow". CNBC. September 10, 2020. Archived from the original on October 26, 2020. Retrieved November 6, 2020.
  10. ^ Root, Al (April 30, 2020). "Honeywell Just Dumped the New York Stock Exchange for the Nasdaq. Here's Why". Barron's. Archived from the original on May 12, 2021. Retrieved May 12, 2021.
  11. ^ a b c d e Votteler, Thom, ed. (2003). International Directory of Company Histories (50 ed.). Detroit: St. James Press. pp. 231–235. Archived from the original on June 25, 2022. Retrieved January 13, 2015.
  12. ^ a b c d e f g h i j k l m n o p Rodengen, Jeffrey L. (1995). The Legend of Honeywell. Write Stuff Syndicate. ISBN 978-0-945903-25-3.
  13. ^ "Keeping temps just right: the Minneapolis-developed thermostat". December 3, 2012.
  14. ^ Reilly, Edwin D. (2003). Milestones in Computer Science and Information Technology. illustrated Publisher Greenwood Publishing Group. p. 122. ISBN 9781573565219.
  15. ^ Holohan, Dan (June 18, 2014). "Honeywell Heat Generator". HeatingHelp.com. Archived from the original on June 14, 2022. Retrieved June 14, 2022.
  16. ^ "Honeywell official history site". Honeywell.com. Archived from the original on September 27, 2011. Retrieved September 13, 2011.
  17. ^ "Punched Tape Controls Aircraft In Flight" Archived May 9, 2013, at the Wayback Machine Popular Mechanics, May 1953, p. 89.
  18. ^ Bruce Johasen, "Out of Silence", Minnesota History (Spring 2019), 189:
    • "Halfhill steered the group through the administrative channels needed to establish FREE as a student group".
  19. ^ Neal R. Peirce, "The Great Plains States of America: People, Politics, and Power in the Nine Great Plains States", George J. McLeod (1973), 145; available online, accessed February 7, 2014
  20. ^ Anon., "Three big companies say they hire Gays", The Advocate (30 September 1970).
  21. ^ Sources: Michael McConnell Files, "Full Equality, a diary" (volumes 1a - d), Tretter Collection in GLBT Studies, U of M Libraries.
    • Letter to FREE from Vice President Gerry E. Morse, Honeywell Inc. (29 June 1970):
      • "We would not employ a known homosexual."
  22. ^ Lars Bjornson, "A quiet win: Honeywell yields", The Advocate (10 April 1974), 13.
  23. ^ "Fiery Crash of Drone Plane Kills Two, Injures One – Four Firemen Overcome In Wake Of Blaze." Playground Daily News (Fort Walton Beach, Florida), Volume 16, Number 271, August 20, 1963, p. 1.
  24. ^ State ex rel. Pillsbury v. Honeywell, Inc., Minnesota Supreme Court, 1971 [1] Archived January 5, 2016, at the Wayback Machine
  25. ^ Ceruzzi, Paul E. (2003). A history of modern computing. MIT Press. p. 143. ISBN 9780262532037. Retrieved May 13, 2010. By the 1970s, General Electric and RCA had left the business
  26. ^ or DeBUNCH with Digital Equipment Corporation/DEC as the industry's #2. "Oral History of John William (Bill) Poduska Sr" (PDF). Archived (PDF) from the original on July 21, 2021. Retrieved July 14, 2021.
  27. ^ *https://www.starringthecomputer.com/computer.html?c=227
  28. ^ "Honeywell to Begin Selling A Smaller Computer in U.S". The New York Times. April 24, 1975. Archived from the original on July 14, 2021. Retrieved July 14, 2021.
  29. ^ "Honeywell Accord". The New York Times. July 19, 1983. Archived from the original on July 14, 2021. Retrieved July 14, 2021.
  30. ^ "A Strong New Name in Global Computing" (PDF). www.1000bit.it. Archived (PDF) from the original on March 8, 2022. Retrieved December 6, 2021.
  31. ^ "Our History". Honeywell. Honeywell, Inc. Archived from the original on March 6, 2019. Retrieved March 5, 2019.
  32. ^ David E. Sanger (September 25, 1986). "Honeywell Retreat From Computers". The New York Times. Archived from the original on July 14, 2021. Retrieved July 14, 2021.
  33. ^ Phillips, Stephen (November 15, 1986). "HONEYWELL TO BUY SPERRY AEROSPACE". The New York Times. Archived from the original on May 27, 2021. Retrieved May 26, 2021.
  34. ^ "COMPANY NEWS; Honeywell Backs Spinoff of Unit". The New York Times. September 29, 1990. Archived from the original on May 17, 2018. Retrieved May 16, 2018.
  35. ^ "Company News;honeywell to Buy Duracraft for $283 Million". The New York Times. February 13, 1996. ISSN 0362-4331. Archived from the original on January 28, 2018. Retrieved May 16, 2018.
  36. ^ "The U.S. Nuclear Weapons Complex: Major Facilities". Union of Concerned Scientists. Archived from the original on May 17, 2018. Retrieved May 16, 2018.
  37. ^ "Pantex | Defense Nuclear Facilities Safety Board". dnfsb.gov. Archived from the original on November 17, 2018. Retrieved November 17, 2018.
  38. ^ "KC Council gets $673 million plan to replace Honeywell plant – Kansas City Star – January 7, 2010". Archived from the original on January 14, 2010. Retrieved January 13, 2010.
  39. ^ "[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Honeywell International Inc's breakthroughs in 117 years of world industry development (1906)". Worldkings - World Records Union. Retrieved April 9, 2024.
  40. ^ Archives, L. A. Times (January 28, 1997). "Honeywell to Buy Measurex". Los Angeles Times. Retrieved April 2, 2024.
  41. ^ Grant, Tina, ed. (2000). International Directory of Company Histories. Vol. 33. Detroit: St. James. pp. 334–337. Archived from the original on June 29, 2017. Retrieved January 14, 2015.
  42. ^ Van, Jon (December 21, 1999). "Pittway Shares Leap On News Of Honeywell Deal". Archived from the original on January 5, 2016. Retrieved December 29, 2015.
  43. ^ "GE/Honeywell: Engine failure". The Economist. July 5, 2001. Archived from the original on January 5, 2016. Retrieved December 29, 2015.
  44. ^ Elliott, Michael (July 8, 2001). "The Anatomy of the GE-Honeywell Disaster". TIME. Archived from the original on January 5, 2016. Retrieved December 29, 2015.
  45. ^ Charles James, "International Antitrust in the Bush Administration" Archived August 13, 2007, at the Wayback Machine, September 21, 2001
  46. ^ a b "Honeywell in Russia". Archived from the original on December 15, 2013. Retrieved July 18, 2013.
  47. ^ Charles James, "International Antitrust in the Bush Administration" Archived August 13, 2007, at the Wayback Machine, September 21, 2001
  48. ^ "Honeywell 2015 Fact Sheet". Archived from the original on January 5, 2016. Retrieved December 29, 2015.
  49. ^ "Honeywell 2015 Fact Sheet". Archived from the original on January 5, 2016. Retrieved December 29, 2015.
  50. ^ "Honeywell International Inc". Wall Street Journal. Archived from the original on March 10, 2015. Retrieved January 22, 2015.
  51. ^ "December 13, 2004". BBC News. December 13, 2004. Archived from the original on June 25, 2022. Retrieved September 13, 2011.
  52. ^ The offer was £798m or £1.85 per share for each Novar share, with another £331m for preference shares and debt.
  53. ^ "Honeywell Completes Acquisition of Novar plc; Final Clearance from European Commission Confirmed — Business Wire, March 31, 2005". Findarticles.com. March 31, 2005. Archived from the original on December 23, 2008. Retrieved September 13, 2011.
  54. ^ Novar also had two other divisions, IAS and SPS, which Cote indicated would be sold quickly because although strong businesses in their respective industries they did not fit with the Honeywell portfolio.
  55. ^ a b Tullo, Alexander (October 10, 2005). "Honeywell Buying Dow Share of UOP". Chemical & Engineering News. American Chemical Society. Archived from the original on January 5, 2016. Retrieved October 7, 2014.
  56. ^ a b Korn, Melissa (May 20, 2010). "Honeywell to Buy Sperian for $1.4 Billion". online.wsj.com. The Wall Street Journal. Archived from the original on May 28, 2020. Retrieved October 8, 2014.
  57. ^ Tom Bergeron, NJBiz. "Honeywell opens 'truly awesome building' in Morris Plains Archived May 10, 2017, at the Wayback Machine." November 16, 2015. Retrieved May 17, 2017.
  58. ^ Tess Stynes, The Wall Street Journal. “Honeywell Buys Remaining UOP Russell Stake for $240 Million Archived July 5, 2017, at the Wayback Machine.” Jan 6, 2016. Jan 8, 2016.
  59. ^ Street Insider. “Honeywell (HON) Announces Completion of $480M Xtralis Acquisition Archived April 6, 2016, at the Wayback Machine.” April 1, 2016. April 1, 2016.
  60. ^ Joshua Jamerson, The Wall Street Journal. “Honeywell, Google Settle Lawsuit Over Nest Labs Thermostat Archived January 17, 2017, at the Wayback Machine.” May 6, 2016. May 9, 2016.
  61. ^ Trubey, J. Scott (September 12, 2016). "Honeywell announces division HQ, software center in Atlanta". The Atlanta Journal-Constitution. Archived from the original on March 9, 2018. Retrieved December 29, 2017.
  62. ^ Mann, Ted (June 28, 2016). "Honeywell CEO Cote to Step Down in March". The Wall Street Journal. Archived from the original on April 30, 2017. Retrieved May 18, 2017.
  63. ^ PR Newswire. “Honeywell Announces Planned Portfolio Changes Archived December 1, 2017, at the Wayback Machine.” October 10, 2017.
  64. ^ Events, UKi Media & (June 21, 2018). "Honeywell transportation systems business spin-off named Garrett – ETI". Engine Technology International. Archived from the original on November 14, 2019. Retrieved November 14, 2019.
  65. ^ Al-Muslim, Aisha (September 12, 2018). "Resideo Names CFO, Board Ahead of Spinoff From Honeywell". Wall Street Journal. Archived from the original on August 14, 2019. Retrieved November 14, 2019.
  66. ^ "Honeywell Market-cap 2006–2019 HON". macrotrends.net. Archived from the original on October 1, 2019. Retrieved October 30, 2018.
  67. ^ "Honeywell stock-price-history 2006–2019 HON". macrotrends.net. Archived from the original on January 2, 2020. Retrieved October 30, 2018.
  68. ^ a b "Honeywell International, Inc. 2018 Annual Report, Form 10-K, Filing Date Feb 8, 2019". Honeywell.com. Archived from the original on February 9, 2021. Retrieved September 9, 2019.
  69. ^ "Honeywell Financial Statements 2005–2019 HON". macrotrends.net. Archived from the original on October 1, 2019. Retrieved October 30, 2018.
  70. ^ "'A sign of a growing city.' Honeywell CEO is bullish on Charlotte, new jobs". Charlotte Observer. August 27, 2019. Archived from the original on August 27, 2019. Retrieved August 27, 2019.
  71. ^ "Honeywell Forge Analytics Platform Begins Moving into the Markets". eWEEK. March 21, 2020. Retrieved August 3, 2020.
  72. ^ "Honeywell Robotics hub will focus on warehouse automation". Supply Chain Dive. Archived from the original on August 10, 2020. Retrieved August 3, 2020.
  73. ^ "Robots edge closer to unloading trucks in Amazon-era milestone". Los Angeles Times. May 6, 2019. Archived from the original on November 8, 2020. Retrieved August 3, 2020.
  74. ^ Shah, Agam (May 28, 2019). "Honeywell Brings Blockchain to Used Aircraft Parts Market". The Wall Street Journal. ISSN 0099-9660. Archived from the original on October 1, 2020. Retrieved August 3, 2020.
  75. ^ Castellanos, Sara (March 3, 2020). "Honeywell to Roll Out Quantum Computer". The Wall Street Journal. ISSN 0099-9660. Archived from the original on March 3, 2020. Retrieved August 3, 2020.
  76. ^ Lardinois, Frederic (March 3, 2020). "Honeywell says it will soon launch the world's most powerful quantum computer". TechCrunch.com. Archived from the original on March 3, 2020. Retrieved March 3, 2020.
  77. ^ "Introducing Quantinuum: The World's Largest Integrated Quantum Computing Company". finance.yahoo.com. November 30, 2021. Archived from the original on December 1, 2021. Retrieved December 1, 2021.
  78. ^ Shankland, Stephen (November 30, 2021). "Quantum computing heavyweight arrives as merger creates Quantinuum". www.msn.com. Archived from the original on December 1, 2021. Retrieved December 1, 2021.
  79. ^ "Honeywell names new CEO". wcnc.com. March 14, 2023. Retrieved April 2, 2023.
  80. ^ "Honeywell Buys Carrier's Security Business for Nearly $5B, Boosting Automation Portfolio - Carrier Global (NYSE:CARR), Honeywell Intl (NASDAQ:HON)". Benzinga. Retrieved December 8, 2023.
  81. ^ Castle, Lauren (February 26, 2024). "Honeywell Hits Aerospace Company With Patent Suit Over Software". Bloomberg Law. Retrieved February 27, 2024.
  82. ^ Kilgore, Tomi (April 17, 2020). "Honeywell's Rhode Island facility has started producing N95 face masks". MarketWatch. Archived from the original on June 3, 2020. Retrieved July 9, 2020.
  83. ^ Keith, Tamara; Gonyea, Don; Wise, Alana (May 5, 2020). "President Trump Visits N95 Mask Facility In Phoenix". NPR. Archived from the original on July 4, 2020. Retrieved July 9, 2020.
  84. ^ Burgess, Molly (April 20, 2020). "Honeywell to produce 20 million N95 masks per month". GasWorld. Archived from the original on June 3, 2020. Retrieved July 9, 2020.
  85. ^ Tchekmedyian, Alene (April 28, 2020). "L.A. to secure 24 million N95 masks. 'These will be lifesavers' in coronavirus battle". Los Angeles Times. Archived from the original on July 8, 2020. Retrieved July 9, 2020.
  86. ^ "Coronavirus: Garcetti Announces Partnership With Honeywell To Produce 24M N95 Masks". CBS Local. April 28, 2020. Archived from the original on June 3, 2020. Retrieved July 9, 2020.
  87. ^ Steinbach, Alison (May 6, 2020). "What we learned about Honeywell N95 mask production from Trump's visit". The Arizona Republic. Retrieved July 9, 2020.
  88. ^ Keith, Tamara; Gonyea, Don; Wise, Alana (May 5, 2020). "President Trump Visits N95 Mask Facility In Phoenix". NPR. Archived from the original on July 4, 2020. Retrieved July 9, 2020.
  89. ^ Friedman, Vanessa (April 6, 2021). "Is This the Future of Face Masks?". The New York Times. ISSN 0362-4331. Archived from the original on December 28, 2021. Retrieved May 11, 2021.
  90. ^ Clifford, Tyler (April 6, 2021). "Will.i.am and Honeywell make bet on fashionable high-tech face masks". CNBC. Archived from the original on May 13, 2021. Retrieved May 11, 2021.
  91. ^ Krauskopf, Lewis (July 14, 2014). "Honeywell to merge turbocharger business into aerospace unit". Reuters. Archived from the original on October 11, 2014. Retrieved October 14, 2014.
  92. ^ a b "Honeywell International Inc. Form 8-K (2016)". www.sec.gov. Archived from the original on March 20, 2020. Retrieved March 5, 2020.
  93. ^ "Honeywell International Inc Form 8-K (2019)". SEC.report. Archived from the original on March 20, 2020. Retrieved March 5, 2020.
  94. ^ "Honeywell Aerospace". Bloomberg. April 6, 2020. Archived from the original on April 6, 2020. Retrieved April 24, 2020.
  95. ^ Insinna, Valerie (October 10, 2017). "Honeywell will retain its aerospace and defense business". Defense News. Archived from the original on June 1, 2021. Retrieved April 24, 2020.
  96. ^ Leyes, Richard; William Fleming (1999). The History of North American Small Gas Turbine Aircraft Engines. National Air and Space Museum. Written by Smithsonian Institution and AIAA. ISBN 9781563473326. Archived from the original on April 10, 2022. Retrieved October 4, 2020.
  97. ^ Airtrafficmanagement.net. "Honeywell's SmartPath launches at Malaga Archived January 5, 2016, at the Wayback Machine". May 6, 2014. Retrieved May 7, 2014.
  98. ^ "Honeywell Divests Friction Materials, Reorganizes". Zacks Investment Research. July 25, 2014. Archived from the original on July 31, 2014. Retrieved October 8, 2014.
  99. ^ Russell, Kendall (April 17, 2018). "Honeywell, Ball to Develop Optical Communication Links – Via Satellite -". Via Satellite. Archived from the original on March 4, 2021. Retrieved April 21, 2018.
  100. ^ Tsang, Amie (October 10, 2017). "Honeywell Set to Spin Off 2 Units, but Keep Aerospace Division". The New York Times. ISSN 0362-4331. Archived from the original on March 4, 2020. Retrieved April 6, 2020.
  101. ^ "BRIEF-Honeywell Acquires Scame Sistemi S.R.L." Reuters. November 30, 2017. Archived from the original on April 6, 2020. Retrieved April 6, 2020.
  102. ^ "Form 8-K Honeywell International Inc". www.sec.gov. July 22, 2016. Archived from the original on August 1, 2020. Retrieved March 5, 2020.
  103. ^ "Honeywell UOP's PSA technology to be used by Hubei Sanning, China to produce Plastics from Coal". Plastics Insight. August 10, 2018. Archived from the original on April 6, 2020. Retrieved April 6, 2020.
  104. ^ "Honeywell International Inc 2019 Current Report 8-K". SEC.report. Archived from the original on March 20, 2020. Retrieved March 5, 2020.
  105. ^ "Honeywell's Performance Materials and Technologies segment". Yahoo! Finance. February 3, 2015. Archived from the original on August 8, 2020. Retrieved March 5, 2020.
  106. ^ Ed Crooks and James Politi, Financial Times. "Honeywell chief warns on debt gridlock Archived September 12, 2012, at the Wayback Machine." Jul 12, 2012. Retrieved Jul 19, 2012.
  107. ^ "David M Cote Archived July 29, 2017, at the Wayback Machine." Forbes. Retrieved Jul 19, 2012.
  108. ^ "Board of Directors – Honeywell". investor.honeywell.com. Archived from the original on May 15, 2022. Retrieved May 15, 2022.
  109. ^ a b "Corporate Governance - Board of Directors - Honeywell". investor.honeywell.com. Archived from the original on April 25, 2021. Retrieved May 11, 2021.
  110. ^ "Honeywell Adds New Independent Director to Board". powderbulksolids.com. October 9, 2019. Archived from the original on February 27, 2021. Retrieved October 12, 2020.
  111. ^ "Honeywell buys Sparta Systems for $1.3B to move into life sciences". SiliconANGLE. December 22, 2020. Archived from the original on June 3, 2021. Retrieved April 22, 2021.
  112. ^ "StackPath". www.securityinfowatch.com. December 15, 2020. Archived from the original on April 22, 2021. Retrieved April 22, 2021.
  113. ^ "Honeywell Acquires Ballard Unmanned Systems". sUAS News - The Business of Drones. October 19, 2020. Archived from the original on April 29, 2021. Retrieved April 22, 2021.
  114. ^ McNabb, Miriam (November 9, 2020). "Hydrogen Fuel Cells for Passenger Drones: Honeywell Purchases Ballard Unmanned Systems Assets". DRONELIFE. Archived from the original on April 28, 2021. Retrieved April 22, 2021.
  115. ^ "Honeywell Acquires Tru-Trak Autopilots". Flying. July 26, 2019. Archived from the original on December 3, 2020. Retrieved October 12, 2020.
  116. ^ "Honeywell to buy German warehouse automation firm Transnorm for $493 million". Reuters. October 1, 2018. Archived from the original on December 2, 2019. Retrieved November 25, 2019.
  117. ^ "Honeywell announces acquisition of Transnorm for $492.8 million". www.mmh.com. Archived from the original on December 2, 2019. Retrieved November 25, 2019.
  118. ^ Solomon, Shoshanna. "Honeywell-Nextnine deal illustrates owners' dilemma: Sell or hold". Times of Israel. Archived from the original on March 9, 2018. Retrieved February 8, 2018.
  119. ^ Narayanan, Aparna (December 13, 2017). "Honeywell Seen Lowballing 2018 Earnings Outlook But This Is A Concern | Stock News & Stock Market Analysis – IBD". Investor's Business Daily. Archived from the original on March 9, 2018. Retrieved February 8, 2018.
  120. ^ Sutherland, Brooke (December 27, 2017). "Honeywell's Adamczyk Is Right for The Times". Bloomberg.com. Archived from the original on March 9, 2018. Retrieved February 8, 2018.
  121. ^ "Honeywell to buy 25 percent of Chinese supply chain software firm". Reuters. December 7, 2017. Archived from the original on March 9, 2018. Retrieved March 8, 2018.
  122. ^ Black, Shannon (April 15, 2016). "Honeywell Completes Acquisition of Com Dev International – Market Realist". marketrealist.com. Archived from the original on August 2, 2017. Retrieved December 9, 2016.
  123. ^ Bannister, Adam (March 2, 2016). "Honeywell Acquires RSI Video Technologies as Consolidation in Security Tech Market Continues – IFSEC Global". IFSEC Global. Archived from the original on June 2, 2016. Retrieved December 9, 2016.
  124. ^ Black, Thomas (July 2016). "Honeywell Buys Supply-Chain Firm in Return to Bite-Size M&A". Bloomberg.com. Archived from the original on November 15, 2017. Retrieved December 9, 2016.
  125. ^ "Honeywell (HON) Announces Completion of $480M Xtralis Acquisition". Honeywell. April 1, 2016. Archived from the original on April 6, 2016. Retrieved April 1, 2016.
  126. ^ "Honeywell Acquires Movilizer, Leader In Simplifying Operations For Remote Connected Workers". Honeywell. March 1, 2016. Archived from the original on March 9, 2016. Retrieved January 8, 2016.
  127. ^ Stynes, Tess (January 8, 2016). "Honeywell Honeywell Buys Remaining UOP Russell Stake for $240 Million". The Wall Street Journal. PR Newswire. Archived from the original on January 7, 2016. Retrieved January 8, 2016.
  128. ^ "Honeywell Completes Acquisition of Research Chemicals Business From Sigma-Aldrich". PR Newswire. December 15, 2015. Archived from the original on December 18, 2015. Retrieved December 15, 2015.
  129. ^ Bray, Chad (July 28, 2015). "Honeywell to Buy Elster for $5.1 Billion". The New York Times. Archived from the original on July 9, 2017. Retrieved August 10, 2015.
  130. ^ a b "Honeywell Completes $5.1B Acquisition of Elster; 'Strong Fit' for Company's Home Automation Strategy". Security Sales & Integration. December 29, 2015. Archived from the original on December 2, 2019. Retrieved November 25, 2019.
  131. ^ "Honeywell Acquires Aviaso to Augment Aerospace Portfolio". nasdaq.com. Nasdaq. September 18, 2015. Archived from the original on January 16, 2022. Retrieved January 16, 2021.
  132. ^ "Honeywell Completes Acquisition of Datamax-O'Neil to Deliver Enhanced Workflow Performance". Enterprisemobilityexchange.com. Archived from the original on June 27, 2015. Retrieved November 14, 2015.
  133. ^ Hardcastle, Jessica Lyons (October 26, 2012). "Honeywell Acquires Saia Burgess Controls for $130m". energymanagertoday.com. Business Sector Media, LLC. Archived from the original on July 20, 2017. Retrieved October 8, 2014.
  134. ^ Whiteman, Lou (December 10, 2012). "Honeywell acquires Intermec for $600M". thedeal.com. The Deal. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  135. ^ "Honeywell Closes RAE Acquisition – Analyst Blog". nasdaq.com. Zacks.com. June 6, 2013. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  136. ^ Nacelewicz, Tess (January 25, 2012). "Honeywell acquires Fire Sentry". securitysystemsnews.com. United Publications Inc. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  137. ^ "Honeywell acquires Fire Sentry | Security Systems News". www.securitysystemsnews.com. Archived from the original on October 16, 2014. Retrieved November 25, 2019.
  138. ^ "Honeywell Acquires INNCOM". Finance.yahoo.com/. Zacks.com. June 6, 2012. Archived from the original on July 23, 2017. Retrieved October 8, 2014.
  139. ^ "Honeywell Acquires INNCOM". Hospitality Technology. Archived from the original on December 2, 2019. Retrieved November 25, 2019.
  140. ^ CHAUDHURI, SAABIRA (October 1, 2012). "Honeywell to Buy Stake in Thomas Russell for $525 Million". wsj.com. The Wall Street Journal. Archived from the original on July 23, 2017. Retrieved October 8, 2014.
  141. ^ Daley, Will (June 13, 2011). "Honeywell International to Acquire EMS Technologies for About $491 Million". bloomberg.com. bloomberg. Archived from the original on October 6, 2014. Retrieved October 8, 2014.
  142. ^ "Honeywell Acquires IRIS Systems Inc". powderbulksolids.com. UBM Canon. August 4, 2011. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  143. ^ Whiteman, Lou (November 1, 2011). "Honeywell buys King's Safetywear for $338M". thedeal.com. The Deal. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  144. ^ Nusca, Andrew (May 7, 2010). "Honeywell acquires Akuacom; automated demand response for smart grid". smartplanet.com. CBS Interactive. Archived from the original on October 19, 2014. Retrieved October 8, 2014.
  145. ^ Nusca, Andrew. "Honeywell acquires Akuacom; automated demand response for smart grid". ZDNet. Archived from the original on August 1, 2020. Retrieved November 25, 2019.
  146. ^ Mintchell, Gary (August 1, 2010). "Honeywell Completes Acquisition of Matrikon". automationworld.com. Summit Media Group, Inc. Archived from the original on October 19, 2014. Retrieved October 8, 2014.
  147. ^ Marino, Jonathan (July 22, 2010). "Honeywell Snaps Up E-Mon". themiddlemarket.com. SourceMedia. Archived from the original on March 26, 2016. Retrieved October 8, 2014.
  148. ^ "Honeywell Acquires E-Mon D-Mon Submetering Firm". www.electronicspecifier.com. Archived from the original on December 2, 2019. Retrieved November 25, 2019.
  149. ^ Tausch, Henri (September 5, 2009). "Honeywell acquires RMG Regel + Messtechnik". controlengeurope.com. IML GROUP PLC. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  150. ^ "Ackermann by Honeywell: History". Ackermann-clino.com. Archived from the original on January 5, 2016. Retrieved November 14, 2015.
  151. ^ "HONEYWELL.docx (business policy)". scribd.com. Scribd Inc. 2013. Archived from the original on October 15, 2014. Retrieved October 8, 2014.
  152. ^ a b Puishys, Joe (April 17, 2006). "Honeywell Acquires Energy Services Group". achrnews.com. BNP Media. Archived from the original on May 28, 2020. Retrieved October 8, 2014.
  153. ^ Gutierrez, Carl (April 28, 2008). "Honeywell Captures Metrologic". forbes.com. Archived from the original on July 29, 2017. Retrieved October 8, 2014.
  154. ^ "Honeywell to Buy IAC". aviationtoday.com. Access Intelligence, LLC. June 13, 2008. Archived from the original on October 17, 2014. Retrieved October 8, 2014.
  155. ^ "Honeywell to acquire combustion equipment vendor Callidus Technologies". chemengonline.com. Access Intelligence, LLC. October 22, 2008. Archived from the original on October 15, 2014. Retrieved October 8, 2008.
  156. ^ "Honeywell acquires Norcross Safety Products for $1.2B". Reliableplant.com. Archived from the original on September 24, 2015. Retrieved November 14, 2015.
  157. ^ "Honeywell acquires advanced process control and optimization business from PAS". plantservices.com. Control Global. 2007. Archived from the original on October 17, 2014. Retrieved October 8, 2014.
  158. ^ "Honeywell agrees to buy Dimensions Int'l for $230 mln". marketwatch.com. MarketWatch, Inc. May 22, 2007. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  159. ^ "Honeywell buys analytics maker ActivEye". Securitysystemsnews.com/. United Publications Inc. March 1, 2007. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  160. ^ "Honeywell to Acquire Burtek Systems". sdmmag.com. BNP Media. June 1, 2007. Archived from the original on May 28, 2020. Retrieved October 8, 2014.
  161. ^ "Honeywell acquires Ex-Or". Modern Building Services. Portico Publishing Ltd. August 5, 2007. Archived from the original on October 18, 2014. Retrieved October 8, 2014.
  162. ^ "Honeywell acquires Enraf Holding B.V." pacetoday.com.au. Cirrus Media. August 2, 2007. Archived from the original on September 24, 2015. Retrieved October 8, 2014.
  163. ^ Hannagan, Charley (October 15, 2007). "Honeywell Buys Hand Held Products". syracuse.com. Syracuse Media Group. Archived from the original on December 19, 2014. Retrieved October 8, 2014.
  164. ^ "Honeywell Acquires Maxon". achrnews.com. BNP Media. December 24, 2007. Archived from the original on May 28, 2020. Retrieved October 8, 2014.
  165. ^ "Honeywell acquires First Technology share capital". Filtration Industry Analyst. 2006 (4): 2. April 2006. doi:10.1016/s1365-6937(06)71090-5.
  166. ^ "Honeywell To Buy Gardiner Group". Electricalmarketing.com/. Penton. March 9, 2006. Archived from the original on October 16, 2014. Retrieved October 8, 2014.
  167. ^ Funk, Dale (January 1, 2005). "Honeywell to buy Novar to enhance automation and control solutions business". Electrical Wholesaling. Penton. Archived from the original on October 17, 2014. Retrieved October 8, 2014.
  168. ^ "Honeywell Completes Acquisition of Zellweger Analytics". securityinfowatch.com. Cygnus Business Media. July 7, 2005. Archived from the original on October 18, 2014. Retrieved October 8, 2014.
  169. ^ "Honeywell to acquire InterCorr International". controlglobal.com. Control Global. June 15, 2005. Archived from the original on October 20, 2014. Retrieved October 8, 2014.
  170. ^ "TRIDIUM, INC. Company Profile". Hoover's. Hoover's Inc. October 8, 2014. Archived from the original on July 1, 2017. Retrieved October 8, 2014.
  171. ^ "Honeywell acquires Hymatic to expand European presence". Aviationweek.com/. Penton. January 13, 2004. Archived from the original on October 17, 2014. Retrieved October 7, 2014.
  172. ^ "Genesis Cable Acquired by Honeywell". sdmmag.com. BNP Media. July 29, 2004. Archived from the original on May 28, 2020. Retrieved October 7, 2014.
  173. ^ "Honeywell appoints HomMed president". bizjournals.com. American City Business Journals. March 20, 2007. Archived from the original on October 21, 2014. Retrieved October 7, 2014.
  174. ^ "Honeywell Acquires Aube Technologies". Air Conditioning Heating & Refrigeration News. 223 (3): 6. September 20, 2004. Archived from the original on October 19, 2014. Retrieved October 7, 2014.
  175. ^ "Honeywell Acquires Vindicator". sdmmag.com. BNP Media. October 1, 2004. Archived from the original on May 28, 2020. Retrieved October 7, 2014.
  176. ^ "Acquisition should be right fit for all involved". Billingsgazette.com/. The Billings Gazette. January 21, 2007. Archived from the original on October 7, 2014. Retrieved October 7, 2014.
  177. ^ "Honeywell Acquires Edgelinx Systems". securitysales.com. EH Publishing. May 12, 2004. Archived from the original on October 17, 2014. Retrieved October 7, 2014.
  178. ^ Mather, Lee (December 2004). "Honeywell Acquires GEM". Advanced Packaging. 13 (12): 10. Archived from the original on October 19, 2014. Retrieved October 7, 2014.
  179. ^ "Company Overview of Silent Witness Enterprises Ltd". Investing.businessweek.com/. Bloomberg. October 7, 2014. Archived from the original on October 7, 2014. Retrieved October 7, 2014.
  180. ^ "Honeywell buying Sensotec to increase sensor, wireless capabilities". Control Engineering. March 1, 2003. ISSN 0010-8049. Archived from the original on October 6, 2016. Retrieved October 7, 2014.
  181. ^ "Honeywell Acquires Baker Electronics". ainonline.com. The Convention News Co., Inc. January 14, 2008. Archived from the original on October 16, 2014. Retrieved October 7, 2014.
  182. ^ "MERGERS & ACQUISITIONS". securitysolutions.com. Penton Media, Inc. April 1, 2003. Archived from the original on June 20, 2005. Retrieved October 7, 2014.
  183. ^ "Honeywell Acquires FutureSmart, Olympo Controls". SDM: Security Distributing & Marketing. 33 (12): 28. December 2003. Archived from the original on October 19, 2014. Retrieved October 7, 2014.
  184. ^ Zurier, Steve (January 20, 2004). "Futuresmart bought". builderonline.com. Hanley Wood Media, Inc. Archived from the original on October 18, 2014. Retrieved October 7, 2014.
  185. ^ "Kolon sells nylon-film lines to Honeywell for $26.7m". Asian Chemical News. 9 (403): 8. June 2003. Archived from the original on October 19, 2014.
  186. ^ McDowell, Maurice (February 2003). "Honeywell – the new preferred brand name for security products and systems". securitysa.com. Technews Publishing (Pty) Ltd. Archived from the original on October 17, 2014. Retrieved October 7, 2014.
  187. ^ "Honeywell to Acquire Sensor Systems Business from Invensys plc". Electrical Marketing. August 30, 2002. Archived from the original on October 16, 2014. Retrieved October 7, 2014.
  188. ^ "Chadwick-Helmuth Company Inc". Innovation Development Institute, LLC. October 5, 2011. Archived from the original on October 17, 2014. Retrieved October 7, 2014.
  189. ^ "Honeywell buys helicopter vibration monitoring specialist". Aviation Week. Penton. July 8, 2002. Archived from the original on January 5, 2016. Retrieved October 7, 2014.
  190. ^ "SDM: Security Distributing & Marketing". Vol. 33, no. 2. February 2003.
  191. ^ "Mora Moravia ended with a solid fuel boiler". Novinky.cz. Seznam.cz, Inc. July 21, 2003. Archived from the original on May 28, 2020. Retrieved October 7, 2014.
  192. ^ Longmore-Etheridge, Ann (March 1, 2014). "Business news". Security Management. 50 (3): 132. ISSN 0145-9406.
  193. ^ "Center for Public Integrity analysis of EPA documents". Publicintegrity.org. April 26, 2007. Archived from the original on June 12, 2008. Retrieved September 13, 2011.
  194. ^ "Political Economy Research Institute". Archived from the original on September 27, 2007. Retrieved June 4, 2007.
  195. ^ "United States Environmental Protection Agency". Yosemite.epa.gov. November 30, 2001. Archived from the original on June 9, 2011. Retrieved September 13, 2011.
  196. ^ Newman, Maria (May 17, 2003). ""Court Orders Honeywell To Clean Up 34 Acre Site", New York Times, May 17, 2003". The New York Times. Archived from the original on June 29, 2017. Retrieved July 10, 2013.
  197. ^ "Chemical Company Pays $3.6 Mil. to Settle Suits", Chicago Sun-Times, September 6, 2003 qtd. in knowmore.org Archived September 28, 2007, at the Wayback Machine
  198. ^ Urbina, Ian (November 29, 2004). ""Lake Cleanup to Be Ordered in Syracuse", New York Times, Nov. 29, 2004". The New York Times. Archived from the original on May 28, 2015. Retrieved February 16, 2017.
  199. ^ "Onondaga Lake Cleanup Progress – November" (PDF). Onondaga Lake Cleanup. Archived (PDF) from the original on March 4, 2016. Retrieved January 14, 2015.
  200. ^ Coin, Glenn (November 6, 2017). "Honeywell receives Audubon's highest award for Onondaga Lake cleanup". syracuse.com. Archived from the original on July 24, 2018. Retrieved August 17, 2018.
  201. ^ a b Coin, Glenn. "Honeywell will pay $9.5 million for Onondaga Lake restoration project costs". syracuse.com. Archived from the original on September 12, 2018. Retrieved January 11, 2018.
  202. ^ Tina Kelley (May 4, 2005). ""New Jersey Sues to Force 3 Companies to Clean Up Chromium Pollution at 106 sites," New York Times, May 4, 2005". The New York Times. New Jersey. Archived from the original on May 24, 2013. Retrieved September 13, 2011.
  203. ^ Richardson, Ginger D. (August 8, 2008). ""Honeywell to pay $5 mil in Valley-pollution settlement", Arizona Republic, August 8, 2008". Azcentral.com. Archived from the original on June 7, 2022. Retrieved September 13, 2011.
  204. ^ United States Environmental Protection Agency at the Wayback Machine (archive index)
  205. ^ [2] Archived August 10, 2011, at the Wayback Machine
  206. ^ a b "Honeywell International's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 23, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  207. ^ "Honeywell International's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 23, 2021. Alt URL Archived December 11, 2021, at the Wayback Machine
  208. ^ "Honeywell International's Sustainability Report for 2018Q4" (PDF). Archived from the original (PDF) on January 24, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  209. ^ "Honeywell International's Sustainability Report for 2019Q4" (PDF). Archived from the original (PDF) on March 5, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  210. ^ "Honeywell International's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 23, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  211. ^ "Honeywell International's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 23, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  212. ^ "Honeywell International's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 23, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  213. ^ "Honeywell International's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 23, 2021. Alt URL Archived November 11, 2021, at the Wayback Machine
  214. ^ Thurm, Scott; Linebaugh, Kate (March 11, 2013). "More U.S. Profits Parked Abroad, Saving on Taxes". The Wall Street Journal. Archived from the original on February 13, 2015. Retrieved March 7, 2017.
  215. ^ Portero, Ashley (December 9, 2011). "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008–2010". International Business Times. Archived from the original on January 7, 2012. Retrieved December 26, 2011.
  216. ^ Sledge, Matt (December 16, 2014). "How The CIA Twisted The Legacy Of A Vietnam War Protest To Justify Torture". Huffington Post. Archived from the original on November 17, 2015. Retrieved November 14, 2015.

External links

Wikimedia Commons has media related to Honeywell.
Preceded byAlliedSignal Dow Jones Industrial Average component December 2, 1999 – February 9, 2008 Succeeded byChevron Corporation
Honeywell
Components of the Dow Jones Industrial Average
Companies of the Nasdaq-100 index
Authority control databases
Categories