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| Akuacom<ref>{{Cite web|url = http://www.smartplanet.com/blog/smart-takes/honeywell-acquires-akuacom-automated-demand-response-for-smart-grid/|title = Honeywell acquires Akuacom; automated demand response for smart grid|date = 7 May 2010|accessdate = 8 October 2014|website = smartplanet.com|publisher = CBS Interactive|last = Nusca|first = Andrew}}</ref> || ACS |
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| Matrikon<ref>{{Cite web|url = http://www.automationworld.com/dcs/honeywell-completes-acquisition-matrikon|title = Honeywell Completes Acquisition of Matrikon|date = 1 August 2010|accessdate = 8 October 2014|website = automationworld.com|publisher = Summit Media Group, Inc.|last = Mintchell|first = Gary}}</ref> || ACS |
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| E-Mon<ref>{{Cite web|url = http://www.themiddlemarket.com/news/honeywell-snaps-up-e-mon-208791-1.html|title = Honeywell Snaps Up E-Mon|date = 22 July 2010|accessdate = 8 October 2014|website = themiddlemarket.com|publisher = SourceMedia|last = Marino|first = Jonathan}}</ref> || ACS |
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| InnCom<ref>{{Cite web|url = http://finance.yahoo.com/news/honeywell-acquires-inncom-124515506.html|title = Honeywell Acquires INNCOM|date = 6 June 2012|accessdate = 8 October 2014|website = http://finance.yahoo.com/|publisher = Zacks.com|last = |first = }}</ref> || ACS |
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Revision as of 21:18, 8 October 2014
Company type | Public |
---|---|
NYSE: HON S&P 500 Component | |
Industry | Conglomerate |
Predecessor | Honeywell Inc. AlliedSignal Inc. |
Founded | 1906, Wabash, Indiana |
Founder | Mark C. Honeywell |
Headquarters | Morristown, New Jersey, U.S. |
Area served | Worldwide |
Key people | David M. Cote (Chairman and CEO) |
Revenue | US$ 39.055 billion (2013)[1] |
US$ 5.501 billion (2013)[1] | |
US$ 3.924 billion (2013)[1] | |
Total assets | US$ 45.435 billion (2013)[1] |
Total equity | US$ 17.467 billion (2013)[1] |
Number of employees | 131,000 (2013)[1] |
Website | Honeywell.com |
Honeywell International, Inc. is a multinational conglomerate company that produces a variety of commercial and consumer products. The company operates three business units, known as Strategic Business Groups –Aerospace, Automation Controls and Solutions (ACS), and Performance Materials and Technologies (PMT).
Honeywell’s global headquarters is located in Morristown, New Jersey. The company employs 131,000 people at 1300 sites in 68 countries, of whom approximately 51,000 are employed in the United States.[2]
Honeywell is a Fortune 100 company. In 2013 Honeywell ranked 78th in the Fortune 500.[3] Chief Executive Officer is David M. Cote. The company and its corporate predecessors were listed on the Dow Jones Industrial Average Index from December 7, 1925, until February 9, 2008.
History
Honeywell came into being through the invention of the damper flapper, a thermostat for coal furnaces, by Albert Butz, in 1885 and subsequent innovations in electric motors and process control by Minneapolis Heat Regulator Company tracing back to 1886. In 1906, Mark C. Honeywell founded Honeywell Heating Specialty Co., Inc. in Wabash, Indiana. Honeywell's company merged with Minneapolis Heat Regulator Company in 1927. The merged company was called the Minneapolis-Honeywell Regulator Company. Honeywell was its first president, W.R. Sweatt its first chairman.[4]
Sweatt leadership legacy
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. Harold, who took over in 1934, led Honeywell through a period of growth and global expansion that set the stage for Honeywell to become a global technology leader.
For more than thirty years the company annually presented the "H.W. Sweatt Engineer-Scientist Award" to individuals in recognition of their outstanding technical ability and contribution to technical accomplishment of significance for the company and their profession. The award program was canceled after the AlliedSignal and Honeywell merger in 1999.
James H. Binger
James H. Binger joined Honeywell in 1943, and became its president in 1961 and its chairman in 1965. On becoming Chairman of Honeywell, Binger revamped the company sales approach, placing emphasis on profits rather than on volume. He also stepped up the company's international expansion – it had six plants producing 12% of the company's revenue. He also officially changed the company's corporate name from Minneapolis-Honeywell Regulator Co. to Honeywell.[5]
From the 1950s until the mid-1970s, Honeywell was the United States' importer of Pentax cameras and photographic equipment. These products were labeled Honeywell Pentax in the U.S. Under Binger's stewardship from 1961 to 1978 he expanded the company into such fields as defense, aerospace, and computing.
In 1953, in co-operation 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.[6] Technologically, this effort had parallels to contemporary efforts in missile guidance and numerical control.
Computing
Honeywell originally entered the computer business via a joint venture with Raytheon called Datamatic Corp., but soon bought out Raytheon's share and the business became a Honeywell division (Honeywell Information Systems). The computer itself was called the Honeywell 800, later updated to the Honeywell 1800.
Honeywell also purchased minicomputer pioneer Computer Control Corporation (3C's), 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,[7]), they were known as "The BUNCH", after their initials: Burroughs, UNIVAC, NCR, Control Data Corporation, and Honeywell.
In 1963, Honeywell introduced a small business computer, the Honeywell 200, to compete with IBM's 1401. That began a product line that continued until the early 1970s.[8]
In 1970, Honeywell bought General Electric's computer division. The company was reorganized into two operating units one of which was Honeywell Information Systems, headed by President Clarence (Clancy) Spangle.
In early 1970's. 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. It was the world wide 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 1970, Honeywell took over responsibility of GE's Multics Operating system. The design and features of Multics greatly influenced the Unix operating system. Multics also influenced many of the features of Honeywell GE's GECOS and GCOS8 General Comprehensive Operating System operating systems as well.
In 1980, Honeywell bought Incoterm Corporation to compete in in both the Airline reservations system networks and bank teller markets.
In the 1980s, Honeywell developed the first Digital Process Communications protocol for its smart transmitters used in process measurement. Since then, smart communication protocols have evolved into various standardized types, such as the HART protocol and DE protocol.
In 1989 Honeywell's computer division was sold to Groupe Bull. The new company was named Bull HN and later referred to simply as Bull.
Defense interests
Honeywell entered the defense industry in World War II, at first producing aerospace elements. 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.[9] The Honeywell project, founded in 1968, organized protests against the company to persuade it to abandon weapons production[10]
In 1990, Honeywell's defense division was spun off into Alliant Techsystems. 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. Today, Kaz Incorporated owns both Duracraft and Honeywell's home comfort lines.
Honeywell is in the consortium that runs the Pantex Plant that assembles all of the nuclear bombs in the United States arsenal. 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.[11]
Performance Materials and Technologies
Honeywell's Performance Materials and Technologies business can trace its heritage to a small sulfuric acid company started by chemist William H. Nichols in 1870. By the end of the 19th century, Nichols had formed several companies and was recognized as a force in America's fledgling chemical industry. Nichols's vision of a bigger, better chemical company took off when he teamed up with investor Eugene Meyer in 1920. Nichols and Meyer combined five smaller chemical companies to create the Allied Chemical & Dye Company, which later became Allied Chemical Corp., and eventually became part of AlliedSignal, the forerunner of Honeywell's Performance Materials and Technologies business. Meyer went on to serve in the Coolidge, Hoover, and Truman administrations and to buy the Washington Post newspaper in 1933. Both he and Nichols have buildings named after them in Honeywell's headquarters in Morristown, New Jersey. Andreas Kramvis is the current President and CEO of the Performance Materials and Technologies division.
GE-Honeywell merger attempt
General Electric announced in 2000 it would attempt to acquire Honeywell; at the time, Honeywell was valued at over $21 billion. The merger was cleared by American authorities but was blocked by the European Commission's competition commissioner, Mario Monti, on July 3, 2001. This decision was taken on the grounds that GE's dominance of the large jet engine market (led by the General Electric CF34 turbofan engine), 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. 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".[12][13] In 2007, General Electric acquired Smiths Aerospace, which had a similar product portfolio.[14]
Today
The current "Honeywell International Inc." is the product of a merger between AlliedSignal and Honeywell Inc. in 1999. Although AlliedSignal was twice the size of Honeywell, the combined company chose the name "Honeywell" because of its superior brand recognition. However, 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 the stock value only regained the pre-merger level in 2007.
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).
In December 2004, Honeywell made a £1.2bn ($2.3bn) bid for Novar plc.[15][16] The acquisition was finalized on March 31, 2005.[17][18]
In October 2008, Honeywell Ltd. was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's news magazine. Later that month, Honeywell was also named one of Greater Toronto's Top Employers, which was announced by the Toronto Star newspaper.[19]
In January 2013, Honeywell shut its subsidiary Ex-Or's factory in Haydock, Merseyside, UK.
In January 2014, Honeywell Aerospace 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.[20]
Six Sigma Plus
Honeywell International is known for its aggressive implementation[citation needed] and daily practice of six sigma and lean manufacturing methodologies commonly referred to as Six Sigma Plus. Six Sigma Plus is focused on reducing errors/failures, improving cycle time, and reducing costs. Recently, Honeywell announced the implementation of a corporate philosophy known as the Honeywell Operating System (HOS), which incorporates practices similar in name only to the Toyota Production System.
Honeywell Technology Solutions
Honeywell Technology Solutions (HTS) is an R&D (research and development) division within Honeywell dedicated to innovative product research. HTS is headquartered in Bangalore, India with an employee strength of over 11000. HTS has development Centers in Hyderabad (India), Madurai (India), Shanghai (China), and Brno (Europe, Czech Republic). Most of the flight management systems are made and tested at these labs.[21] HTS offers technological and R&D services to the various business units of Honeywell International, mainly Aerospace, Automation and Control Solutions (ACS), Performance Materials and Technologies and Transportation Systems. Recently the company started producing car parts also such as radiators and turbochargers.
Corporate governance
David M. Cote | Chairman and Chief Executive Officer of Honeywell International, Inc. |
Gordon M. Bethune | Retired Chairman and Chief Executive Officer of Continental Airlines, Inc. |
Kevin Burke | Non-Executive Chairman of Consolidated Edison, Inc. (Con Edison) |
Jaime Chico Pardo | President and Chief Executive Officer, ENESA, S.A. de C.V. (ENESA) |
D. Scott Davis | Chairman and Chief Executive Officer of United Parcel Service, Inc. (UPS) |
Linnet F. Deily | Former Deputy U.S. Trade Representative and Ambassador |
Judd Gregg | Former U.S. Senator from New Hampshire |
Clive R. Hollick | Former Chief Executive Officer of United Business Media |
Grace D. Leiblein | Vice President, Global Purchasing and Supply Chain of General Motors Corporation (GM) |
George Paz | Chairman and Chief Executive Officer of Express Scripts Holding Company |
Bradley T. Sheares | Former Chief Executive Officer of Reliant Pharmaceuticals, Inc. |
Robin L. Washington | Executive Vice President and Chief Financial Officer of Gilead Sciences, Inc. |
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 has Honeywell.[22] Honeywell ranks 44th in a list of U.S. corporations most responsible for air pollution, releasing more than 4.25 million kg (9.4 million pounds) of toxins per year into the air.[23] In 2001, Honeywell agreed to pay $150,000 in civil penalties and to perform $772,000 worth of reparations for environmental violations involving:[24]
- failure to prevent or repair leaks of hazardous organic pollutants into the air
- failure to repair or report refrigeration equipment containing chlorofluorocarbons
- inadequate reporting of benzene, ammonia, nitrogen oxide, dichlorodifluoromethane, sulfuric acid, sulfur dioxide, and caprolactam emissions
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."[25] In the same year, Honeywell paid $3.6 million to avoid a federal trial regarding its responsibility for trichloroethylene contamination in Lisle, Illinois.[26] 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, NY.[27] 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.[28] 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 the years of 1974 and 2004.[29]
In 2006, Honeywell announced that its decision to stop manufacturing mercury switches had resulted in reductions of more than 11,300 kg, 2800 kg, and 1500 kg respectively of mercury, lead, and chromic acid usage. The largest reduction represents 5% of mercury use in the United States.[30] 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.[31]
Business Units
Aerospace
Honeywell Aerospace is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Its Commercial Aviation, Defense & Space and Business & General Aviation business units serve aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
In July 2014, Honeywell’s Transportation Systems business merged with the Aerospace division similarities between the businesses.
Commercial Aviation
The Honeywell Commercial Aviation business unit creates products for large commercial and regional aircraft such as auxiliary power units (APUs), aircraft environmental control systems, electric power systems, engine system accessories, flight data and cockpit voice recorders, air traffic management solutions, radar, navigation and communications systems, aircraft lighting, wheels and brakes. (all found in 2013 annual report)
Defense & Space
Honeywell Defense & Space business unit creates products for the military and space markets including propulsion engines, APUs, environmental control systems, electric power systems, Avionics and flight management systems, radar, navigation and communications systems, inertial sensors, guidance systems, gyroscopes. It also provides logistics services, including depot maintenance and prepositioning, and space systems operations for engineering, designing, fabricating, installing, operating, and maintaining satellite command and control systems.
Business & General Aviation
Honeywell Business & General Aviation business unit’s products include aircraft lighting, auxiliary power units, cabin entertainment, cockpit displays, communication navigation and surveillance, flight management systems, and propulsion engines. The business group offers services such as flight planning, planning & scheduling, and maintenance and monitoring.
Transportation Systems
Honeywell Transportation Systems produces engine boosting turbochargers for passenger cars and commercial vehicles.
Automation and Control Systems
Honeywell ACS business group’s 400+ products are from its seven major product groups: environmental and combustion controls; sensing controls, security and life safety products and services, scanning and mobility, and building solutions and services. Honeywell ACS manufactures automated systems for temperature and humidity, surveillance and security detection, and lighting. Instrumentation products include actuators, controllers, and related software. Additional products include thermostats, security systems (ADEMCO brand), water filters, scanners, remote patient monitoring, protective clothing, and central control systems.[32]
Scanning & Mobility
Products in Honeywell Scanning & Mobility (HSM) include mobile computers and bar code scanners, radio frequency identification solutions, voice-enabled workflow and printing solutions. In 2013, Honeywell completed the acquisition of Intermec, which included the Vocollect and Enterprise Mobile brands, and integrated them into Honeywell Scanning & Mobility.[32][33]
Sensing and Control
Honeywell Sensing and Control (Honeywell S&C) produces over 50,000 products ranging from snap action, limit, toggle and pressure switches to position, speed and airflow sensors.[32]
Industrial Safety
Honeywell Industrial Safety produces fixed and portable gas detection systems and personal protective equipment, including: protective clothing; fall and hearing protection products; solutions that protect hands, head, feet, eyes and face; first responder gear (turnout gear, EMS, helmets, gloves, boots and hoods), along with respiratory, welding, first-aid, lockout/tagout and traffic safety equipment.[32]
Fire Safety
Honeywell Fire Safety products cover commercial fire alarm and emergency communication systems (Notifier®, Silent Knight®, Gamewell-FCI®, Fire-Lite Alarms®), as well as fire detection and notification devices from System Sensor®.[32]
Honeywell Building Solutions
Honeywell Building Solutions (HBS) products and services provide energy efficiency and security in buildings and communities. Smart grid, microgrid and on-site power generation, integrated security, building controls, automation, and management, system service, maintenance and optimization, and smart building are examples of the technologies produced by the HBS business unit. HBS optimizes automation technology, designs and delivers microgrids that provide energy security, and delivers demand response and energy-efficiency programs to help utilities and the electrical grid operate optimally.[32][34][35][36]
Environmental and Combustion Controls
Honeywell Environmental and Combustion Controls serves industrial and consumer customers. Products include air quality, commercial combustion, commercial components, industrial components, home thermostats (including smart and wi-fi thermostats), residential combustion, whole house air quality, whole house water treatment and control, HVAC zoning, and hydronic heating.[32]
Honeywell Security Group
Honeywell Security Group manufactures electronic security systems, burglar alarm systems and fire alarms for residential homes and commercial businesses.[32]
Performance Materials and Technologies
The Honeywell Performance Materials and Technologies strategic business group is comprised of six business units. Products include process technology for oil and gas processing, fuels, films and additives, special chemicals, electronic materials, and renewable transport fuels.[37][38][39]
Honeywell UOP
Honeywell UOP is a wholly-owned subsidiary of Honeywell International, Inc. and is part of Honeywell’s Performance Materials and Technologies strategic business group. Honeywell UOP is an international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries.[40][41]
Honeywell Process Solutions
Honeywell Process Solutions offers automation control solutions to customers internationally. It serves the process and hybrid industries, including refining, oil and gas, pulp and paper, mining, minerals and metals, bulk and batch chemicals, petrochemicals, pharmaceuticals, power transmission and distribution, and power generation.[40]
Fluorine Products
Honeywell Fluorine Products produces refrigerants, foam insulation blowing agents, aerosols, and solvents.[40]
Electronic Materials
Honeywell Electronic Materials manufactures and supplies the semiconductor industry with electronic chemicals, electronic polymers, targets coil sets and metals, advanced packaging, and thermocouples.[40]
Resins & Chemicals
Honeywell Resins and Chemicals sells chemical intermediates, including phenol, cyclohexanone and acetone. It is also a major producer of ammonium sulfate fertilizer, a co-product of caprolactam production, which is sold under the Sulf-N® brand.[40]
Specialty Materials
Honeywell Specialty Materials products include specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; and technologies and materials for petroleum refining.[40]
Acquisitions
Acquisition | Speciality Business Group |
---|---|
2002 | |
Invensys Sensor Systems[42] | ACS |
Chadwick Helmuth[43][44] | Aerospace |
Ultrak[45] | ACS |
Mora Moravia[46] | Aerospace |
Shanghai Alarm[47] | ACS |
2003 | |
Silent Witness[48] | ACS |
Sensotec[49] | ACS |
Baker Electronics[50] | Aerospace |
Gamewell[51] | ACS |
Olympo[52] | ACS |
FutureSmart[53] | ACS |
Kolon Films[54] | PMT |
Betatech[55] | ACS |
2004 | |
Hymatic Group[56] | Aerospace |
Genesis Cable[57] | ACS |
HomMed, LLC[58] | ACS |
Aube Technologies[59] | ACS |
Vindicator[60] | ACS |
Electro-Radiation Incorporated (ERI)[61] | Aerospace |
Edgelinx[62] | ACS |
GEM Microelectronics[63] | PMT |
2005 | |
UOP[64] | PMT |
Novar[65] | ACS |
Zellweger[66] | ACS |
Lebow | ACS |
InterCorr International, Inc.[67] | ACS |
Tridium, Inc.[68] | ACS |
Point Research | ACS |
2006 | |
Sempra Energy Services[69] | ACS |
First Technology[70] | ACS |
Gardiner Group[71] | ACS |
2007 | |
Plant Automation Systems, Inc. (PAS)[72] | ACS |
Dimensions Int'l[73] | Aerospace |
MM Comm | Aerospace |
ActiveEye[74] | ACS |
Burtek[75] | ACS |
Ex-Or[76] | ACS |
Enraf Holdings B.V.[77] | ACS |
Secure Products | PMT |
First Safety Provider | ACS |
Handheld Products[78] | ACS |
Maxon Corporation[79] | ACS |
2008 | |
AV Digital Audio-Videotechnik GmbH[80] | ACS |
Energy Services Group, LLC[81] | ACS |
Metrologic[82] | ACS |
IAC[83] | Aerospace |
Callidus[84] | ACS |
2009 | |
RMG[85] | ACS |
Davison Membranes | PMT |
Cythos | ACS |
2010 | |
Akuacom[86] | ACS |
Matrikon[87] | ACS |
HTAL | ACS |
E-Mon[88] | ACS |
Peha | ACS |
Sperian | ACS |
2011 | |
EMS | ACS/Aerospace |
Iris Systems | ACS |
Kings Safety Shoes | ACS |
2012 | |
Fire Sentry | ACS |
InnCom[89] | ACS |
Thomas Russell LLC | PMT |
2013 | |
Saia Burgess Controls | ACS |
Intermec | ACS |
RAE Systems | ACS |
Criticism
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 5 executives.[90]
Honeywell has been criticized in the past for its manufacture of deadly and maiming weapons. The Honeywell Project, for example, targeted Honeywell executives in an attempt to halt the production of cluster bombs.
Products
Aircraft
Missiles and rockets
See also
- Electronics for Medicine
- Garrett AiResearch
- Honeywell Aerospace
- Honeywell Turbo Technologies
- Honeywell 316
- Novar plc
- Trend Controls
- Sperry Corporation
- Top 100 US Federal Contractors
- CYBRA
- The Mircom Group of Companies
References
- ^ a b c d e f "Honeywell International, Inc. 2013 Annual Report, Form 10-K, Filing Date Feb 14, 2014". Honeywell.com. Retrieved August 21, 2014.
- ^ "Edgar Online SEC Filings FY 2007". Yahoo.brand.edgar-online.com. Retrieved September 13, 2011.
- ^ "Fortune 500 Ranking 2014". money.cnn.com. Retrieved May 11, 2013.
- ^ "Honeywell official history site". Honeywell.com. Retrieved September 13, 2011.
- ^ http://time-proxy.yaga.com/time/archive/preview/0,10987,940743,00.html
- ^ "Punched Tape Controls Aircraft In Flight" Popular Mechanics, May 1953, p. 89.
- ^
Ceruzzi, Paul E. A history of modern computing. MIT Press. p. 143. Retrieved May 13, 2010.
By the 1970s, General Electric and RCA had left the business
- ^ "Honeywell Series 200". Feb-patrimoine.com. December 3, 1963. Retrieved September 13, 2011.
- ^ "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.
- ^ State ex rel. Pillsbury v. Honeywell, Inc., Minnesota Supreme Court, 1971 [1]
- ^ Archived 2010-01-14 at the Wayback Machine
- ^ Charles James, "International Antitrust in the Bush Administration", September 21, 2001
- ^ "Honeywell in Russia". Retrieved July 18, 2013.
- ^ "Smiths To Sell Aerospace Ops To GE For $4.8B." McGrath, S.; Stone, R. The Wall Street Journal. January 15, 2007.
- ^ "December 13, 2004". BBC News. December 13, 2004. Retrieved September 13, 2011.
- ^ The offer was £798m or £1.85 per share for each Novar share, with another £331m for preference shares and debt.
- ^ "Honeywell Completes Acquisition of Novar plc; Final Clearance from European Commission Confirmed — Business Wire, March 31, 2005". Findarticles.com. March 31, 2005. Retrieved September 13, 2011.
- ^ 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.
- ^ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
- ^ Airtrafficmanagement.net. “Honeywell’s SmartPath launches at Malaga.” May 6, 2014. Retrieved May 7, 2014.
- ^ "Reach Information Portal". Finance.reachinformation.com. March 24, 2009. Retrieved September 13, 2011.
- ^ "Center for Public Integrity analysis of EPA documents". Publicintegrity.org. April 26, 2007. Retrieved September 13, 2011.
- ^ Archived 2007-09-27 at the Wayback Machine
- ^ "United States Environmental Protection Agency". Yosemite.epa.gov. November 30, 2001. Retrieved September 13, 2011.
- ^ Newman, Maria (May 17, 2003). ""Court Orders Honeywell To Clean Up 34 Acre Site", New York Times, May 17, 2003". New York Times. Retrieved July 10, 2013.
- ^ "Chemical Company Pays $3.6 Mil. to Settle Suits", Chicago Sun-Times, September 6, 2003 qtd. in knowmore.org
- ^ "Lake Cleanup to Be Ordered in Syracuse", New York Times, Nov. 29, 2004
- ^ By 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. Retrieved September 13, 2011.
- ^ Richardson, Ginger D. (August 8, 2008). ""Honeywell to pay $5 mil in Valley-pollution settlement", Arizona Republic, August 8, 2008". Azcentral.com. Retrieved September 13, 2011.
- ^ Archive index at the Wayback Machine
- ^ NPEP Success Story: Honeywell International
- ^ a b c d e f g h "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. pp. 4–6. Retrieved October 6, 2014.
- ^ STYNES, TESS (December 10, 2012). "Honeywell to Buy Intermec for $600 Million". Wall Street Journal. Retrieved October 1, 2014.
- ^ Tilley, Aaron (October 13, 2013). "Honeywell Is Giving Utility Companies Access To Your Thermostat (But Only If You Want)". Forbes. Retrieved October 1, 2014.
- ^ DePass, Dee (June 11, 2012). "Honeywell gets Smart Grid division". Star Tribune. Retrieved October 1, 2014.
- ^ Clancy, Heather (June 11, 2014). "Honeywell joins forces with Fort Bragg on networked microgrid". GreenBiz. Retrieved October 1, 2014.
- ^ "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. Retrieved October 6, 2014.
- ^ "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. p. 8. Retrieved October 6, 2014.
- ^ "Honeywell 2014 Fact Sheet". Honeywell Investor Toolbox. Honeywell International. p. 4. Retrieved October 6, 2014.
- ^ a b c d e f "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. pp. 8–9. Retrieved October 6, 2014.
- ^ Cole, Carol (October 10, 2005). "HONEYWELL TO ACQUIRE 100% OF UOP". Octane Week. Vol. v20, no. i39. p. 7. ISSN 1072-8740.
- ^ "Honeywell to Acquire Sensor Systems Business from Invensys plc". Electrical Marketing. Electrical Marketing. August 30, 2002. Retrieved October 7, 2014.
- ^ "Chadwick-Helmuth Company Inc". Innovation Development Institute, LLC. October 5, 2011. Retrieved October 7, 2014.
- ^ "HONEYWELL BUYS HELICOPTER VIBRATION MONITORING SPECIALIST". Aviation Week. Penton. July 8, 2002. Retrieved October 7, 2014.
- ^ "SDM: Security Distributing & Marketing". Vol. 33, no. 2. February 2003.
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(help) - ^ "Mora Moravia ended with a solid fuel boiler". Novinky.cz. Seznam.cz, Inc. July 21, 2003. Retrieved October 7, 2014.
- ^ Longmore-Etheridge, Ann (March 1, 2014). "BUSINESS NEWS". Security Management. 50 (3): 132. ISSN 0145-9406.
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(help) - ^ "Company Overview of Silent Witness Enterprises Ltd". http://investing.businessweek.com/. Bloomberg. October 7, 2014. Retrieved October 7, 2014.
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- ^ "Honeywell buying Sensotec to increase sensor, wireless capabilities". Control Engineering. March 1, 2003. ISSN 0010-8049.
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(help) - ^ "Honeywell Acquires Baker Electronics". ainonline.com. The Convention News Co., Inc. January 14, 2008. Retrieved October 7, 2014.
- ^ "MERGERS & ACQUISITIONS". securitysolutions.com. Penton Media, Inc. April 1, 2003. Retrieved October 7, 2014.
- ^ "Honeywell Acquires FutureSmart, Olympo Controls". SDM: Security Distributing & Marketing. 33 (12): 28. December 2003. Retrieved October 7, 2014.
- ^ Zurier, Steve (January 20, 2004). "FUTURESMART BOUGHT". builderonline.com. Hanley Wood Media, Inc. Retrieved October 7, 2014.
- ^ "Kolon sells nylon-film lines to Honeywell for $26.7m". Asian Chemical News. 9 (403): 8. June 2003.
- ^ McDowell, Maurice (February 2003). "Honeywell - the new preferred brand name for security products and systems". securitysa.com. Technews Publishing (Pty) Ltd. Retrieved October 7, 2014.
- ^ "Honeywell acquires Hymatic to expand European presence". http://aviationweek.com/. Penton. January 13, 2004. Retrieved October 7, 2014.
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- ^ "Genesis Cable Acquired by Honeywell". sdmmag.com. BNP Media. July 29, 2004. Retrieved October 7, 2014.
- ^ "Honeywell appoints HomMed president". bizjournals.com. American City Business Journals. March 20, 2007. Retrieved October 7, 2014.
- ^ "Honeywell Acquires Aube Technologies". Air Conditioning Heating & Refrigeration News. 223 (3): 6. September 20, 2004. Retrieved October 7, 2014.
- ^ "Honeywell Acquires Vindicator". sdmmag.com. BNP Media. October 1, 2004. Retrieved October 7, 2014.
- ^ "Acquisition should be right fit for all involved". http://billingsgazette.com/. The Billings Gazette. January 21, 2007. Retrieved October 7, 2014.
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- ^ "Honeywell Acquires Edgelinx Systems". securitysales.com. EH Publishing. May 12, 2004. Retrieved October 7, 2014.
- ^ Mather, Lee (December 2004). "Honeywell Acquires GEM". Advanced Packaging. 13 (12): 10. Retrieved October 7, 2014.
- ^ Tullo, Alexander (October 10, 2005). "Honeywell Buying Dow Share of UOP". Chemical & Engineering News. American Chemical Society. Retrieved October 7, 2014.
- ^ Funk, Dale (January 1, 2005). "Honeywell to buy Novar to enhance automation and control solutions business". Electrical Wholesaling. Penton. Retrieved October 8, 2014.
- ^ "Honeywell Completes Acquisition of Zellweger Analytics". securityinfowatch.com. Cygnus Business Media. July 7, 2005. Retrieved October 8, 2014.
- ^ "Honeywell to acquire InterCorr International". controlglobal.com. Control Global. June 15, 2005. Retrieved October 8, 2014.
- ^ "TRIDIUM, INC. Company Profile". Hoover's. Hoover's Inc. October 8, 2014. Retrieved October 8, 2014.
- ^ Puishys, Joe (April 17, 2006). "Honeywell Acquires Energy Services Group". achrnews.com. BNP Media. Retrieved October 8, 2014.
- ^ "Honeywell acquires First Technology share capital". Filtration Industry Analyst. 2006 (4): 2. April 2006. Retrieved October 8, 2014.
- ^ "Honeywell To Buy Gardiner Group". http://electricalmarketing.com/. Penton. March 9, 2006. Retrieved October 8, 2014.
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- ^ "Honeywell acquires advanced process control and optimization business from PAS". plantservices.com. Control Global. 2007. Retrieved October 8, 2014.
- ^ "Honeywell agrees to buy Dimensions Int'l for $230 mln". marketwatch.com. MarketWatch, Inc. May 22, 2007. Retrieved October 8, 2014.
- ^ "Honeywell buys analytics maker ActivEye". http://securitysystemsnews.com/. United Publications Inc. March 1, 2007. Retrieved October 8, 2014.
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- ^ "Honeywell to Acquire Burtek Systems". sdmmag.com. BNP Media. June 1, 2007. Retrieved October 8, 2014.
- ^ "Honeywell acquires Ex-Or". Modern Building Services. Portico Publishing Ltd. August 5, 2007. Retrieved October 8, 2014.
- ^ "Honeywell acquires Enraf Holding B.V." pacetoday.com.au. Cirrus Media. August 2, 2007. Retrieved October 8, 2014.
- ^ Hannagan, Charley (October 15, 2007). "Honeywell Buys Hand Held Products". syracuse.com. Syracuse Media Group. Retrieved October 8, 2014.
- ^ "Honeywell Acquires Maxon". achrnews.com. BNP Media. December 24, 2007. Retrieved October 8, 2014.
- ^ "HONEYWELL.docx (business policy)". scribd.com. Scribd Inc. 2013. Retrieved October 8, 2014.
- ^ Puishys, Joe (April 17, 2006). "Honeywell Acquires Energy Services Group". achrnews.com. BNP Media. Retrieved October 8, 2014.
- ^ Gutierrez, Carl (April 28, 2008). "Honeywell Captures Metrologic". forbes.com. Forbes.com LLC. Retrieved October 8, 2014.
- ^ "Honeywell to Buy IAC". aviationtoday.com. Access Intelligence, LLC. June 13, 2008. Retrieved October 8, 2014.
- ^ "Honeywell to acquire combustion equipment vendor Callidus Technologies". chemengonline.com. Access Intelligence, LLC. October 22, 2008. Retrieved October 8, 2008.
- ^ Tausch, Henri (September 5, 2009). "Honeywell acquires RMG Regel + Messtechnik". controlengeurope.com. IML GROUP PLC. Retrieved October 8, 2014.
- ^ Nusca, Andrew (May 7, 2010). "Honeywell acquires Akuacom; automated demand response for smart grid". smartplanet.com. CBS Interactive. Retrieved October 8, 2014.
- ^ Mintchell, Gary (August 1, 2010). "Honeywell Completes Acquisition of Matrikon". automationworld.com. Summit Media Group, Inc. Retrieved October 8, 2014.
- ^ Marino, Jonathan (July 22, 2010). "Honeywell Snaps Up E-Mon". themiddlemarket.com. SourceMedia. Retrieved October 8, 2014.
- ^ "Honeywell Acquires INNCOM". http://finance.yahoo.com/. Zacks.com. June 6, 2012. Retrieved October 8, 2014.
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- ^ Portero, Ashley. "30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008–2010". International Business Times. Archived from the original on December 26, 2011. Retrieved December 26, 2011.
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