AlliedSignal
| Former type | Public |
|---|---|
| Traded as | NYSE: ALD |
| Fate | Acquisition of and merger with Honeywell Inc. |
| Predecessor(s) | Allied Corp. |
| Successor(s) | Honeywell |
| Founded | 1985 |
| Defunct | December 1, 1999 |
| Headquarters | Morristown, New Jersey |
| Revenue | US$ 15.1 billion (1999) |
| Net income | US$ 1.3 billion (1999) |
| Employees | 70400 (1999) |
AlliedSignal was an aerospace, automotive and engineering company that acquired and merged with Honeywell for $15 billion in 1999, after which the new group adopted the Honeywell name.
AlliedSignal was created through a 1985 merger of Allied Corp. (formerly Allied Chemical & Dye) and Signal Companies (formerly Signal Oil & Gas), the company renamed to Allied-Signal on September 19, 1985.[1]
Contents |
[edit] Background
The company's involvement in aerospace stems from earlier mergers between Allied Chemical & Dye and the Bendix Corporation in 1983, and between Signal Oil & Gas and the Garrett Corporation in 1964. The combined company adopted The Signal Companies as its corporate name in 1968.[2] The 1985 Allied-Signal merger made aerospace the new company's largest business sector.[3]
The Allied-Signal name was changed to AlliedSignal (without the hyphen) in 1993 to reinforce a one-company image and signify the full integration of all of its businesses.[4] In 1999, AlliedSignal acquired Honeywell and took its more-recognizable name. The acquisition was meant as a final triumphant move to cap off a long career by AlliedSignal's CEO, Larry Bossidy.
As of 2006, its automotive products included Fram Filters, Autolite Spark Plugs and Prestone Anti-Freeze. The Bendix Corporation had purchased both the Fram and Autolite brands from other companies in 1973. The Prestone brand was acquired in the late 1990s.
Honeywell (before the merger) was an international controls company that developed and supplied advanced technology products, systems and services to aviation and space companies and industry. The product lines of the two companies were complementary, the only principal overlap being avionics.
[edit] Product range
- Aerospace
- Avionics
- Auxiliary power units (APUs)
- Environmental control systems (ECS)
- Aircraft lighting
- Landing gear
- Engines for regional/business aircraft
- Automotive products
- Autolite - Spark plugs
- Fram - Air filters, Fuel filters, Oil filters
- Prestone - Antifreeze
- Engineered materials
- Polymers
- Specialised chemicals
- Electronic products
- Federal Manufacturing and Technology
- Operates facilities for the United States Department of Energy
[edit] Membership in DJIA
AlliedSignal was a member of the Dow Jones Industrial Average for all of its existence until February 19, 2008.
