Jump to content

Honeywell

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 174.50.243.81 (talk) at 04:35, 31 December 2019 (→‎1934-1941 international growth). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

For other uses, see Honeywell (disambiguation).

Honeywell International Inc.
Company typePublic
IndustryConglomerate
PredecessorHoneywell Inc.
AlliedSignal Inc.
Founded1906; 118 years ago (1906)
Wabash, Indiana
FounderMark C. Honeywell
HeadquartersCharlotte, North Carolina,
United States
Area served
Worldwide
Key people
Darius Adamczyk
(chairman and CEO)
RevenueIncrease US$41.802 billion (2018)[1]
Decrease US$6.859 billion (2018)[1]
Increase US$6.765 billion (2018)[1]
Total assetsDecrease US$57.773 billion (2018)[1]
Total equityIncrease US$18.358 billion (2018)[1]
Number of employees
114,000 (2018)[1]
Websitehoneywell.com

Honeywell International Inc. is a publicly traded conglomerate headquartered in Charlotte, North Carolina, United States that produces commercial and consumer products, engineering services and aerospace systems.

In 2018, Honeywell ranked 77th in the Fortune 500.[2] Honeywell has a global workforce of approximately 110,000, of whom approximately 44,000 are employed in the United States.[3][4]

History

1886 Butz Thermo-Electric Regulator Company founded

In 1885 when the Swiss-born Albert Butz invented the damper-flapper, a thermostat for coal furnaces, to automatically regulate heating systems.[5] The following year 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.[5] As the years passed, CTCC struggled with growing debts, and they underwent several name changes in an attempt to keep the business afloat. After the company was renamed to 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.[6]: 22  On February 23, 1898, he bought out the remaining shares of the company from the other stockholders.

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.

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 renamed Minneapolis Heat Regulator Company. This led to the merging of both companies into the publicly held Minneapolis-Honeywell Regulator Company in 1927. Honeywell was named the company's first president, alongside W.R. Sweatt as its first chairman.[7]

The combined assets were valued at over $3.5 million, with less than $1 million in liabilities just months before Black Monday.[6]: 49  In 1931, Minneapolis-Honeywell began a period of expansion and acquisition when they purchased Time-O-Stat Controls Company, giving the company access to a greater number of patents to be used in their controls systems.

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

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, 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. 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.[6]: 51  Later that same year, Minneapolis-Honeywell would also start 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.[5]

In World War II

With the outbreak of war, Minneapolis-Honeywell was approached by the US military for engineering and manufacturing projects. In 1941, Minneapolis-Honeywell developed a superior tank periscope and camera stabilizers, as well as the C-1 autopilot. The C-1 revolutionized precision bombing in the war effort, and was 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.[6]: 73  This division was responsible for the development of the formation stick to control autopilots, more accurate gas gauges for planes, and the turbo supercharger.[6]: 79  In 1950, Minneapolis-Honeywell's Aero division was contracted for the controls on the first US nuclear submarine, USS Nautilus.[6]: 88  The following year, the company acquired Intervox Company for their sonar, ultrasonics, 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.[8] Technologically, this effort had parallels to contemporary efforts in missile guidance and numerical control. Honeywell also developed the Wagtail missile with the USAF.

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.[6]: 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.[5][6]: 110 

Honeywell thermostat

In 1961, James H. Binger became Honeywell's president and in 1965 its chairman. 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", to better represent their colloquial name. Throughout the 1960s, Honeywell continued to acquire other businesses, including Security Burglar Alarm Company in 1969.[6]: 130 

The beginning of the 1970s saw Honeywell focus on process controls, with the company merging their computer operations with GE's information systems in 1970, and later acquiring GE's process control business.[6]: 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 also 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. It 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.[6]: 124  Eight years later, 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.[6]: 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.[9] The Honeywell project, founded in 1968, organized protests against the company to persuade it to abandon weapons production[10]

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

In year 1975, Honeywell introduced the world's first Total Distributed Control System (TDC 2000) that revolutionized the entire process control industry with a centralized view of de-centralized control and a fully redundant communication link for continuous processes. Honeywell further introduced a state-of-the-art Total Distributed Control System 3000 or TDC 3000 in 1985. The new TDC 3000 system adopted a brand new architecture that allowed the existing TDC 2000 system to be integrated with the new system as well as future expansion through a new in-house developed network operating system for performing various plant-wide control, monitoring, alarming, reporting, and historical date storage & retrieval functions. A new modular controller, Process Manager, was introduced in a later date that included advanced control strategies and modeling as part of the new TDC-3000 system. TDC 3000 system was the backbone of Honeywell Industrial Solutions for Petroleum, PetroChem, Fine Chemical, Pulp & Paper, Power Gen, and many other industries. Along with TDC systems, Honeywell also developed a digital communication protocol to allow Honeywell's Smart Transmitters family of products to interface with TDC system in a non-ambiguous digital mode that delivered Honeywell's commitment of total system integration from sensors to boardroom.

Honeywell Information Systems

A 1990 Honeywell-Bull Entry Level Mainframe DPS 7 mainframe

On April 12, 1955, Minneapolis-Honeywell started a joint venture with Raytheon called Datamatic to enter the computer market and compete with IBM.[6]: 118  Two years later 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 out Raytheon's interest in Datamatic and turned it into the Electronic Data Processing division, later Honeywell Information Systems (HIS) of Minneapolis-Honeywell.[6]: 118  Honeywell also 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,[11] they were known as "The BUNCH", after their initials: Burroughs, UNIVAC, NCR, Control Data Corporation, and Honeywell.

In 1970 Honeywell acquired GE's computer business forming Honeywell Information Systems. In 1975 it purchased Xerox Data Systems, whose Sigma computers had a small but loyal customer base. In 1986 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. By 1991 Honeywell was no longer involved in the computer business.[12]

1985–1999 integrations

Aerospace and Defense

1986 marked a new direction for Honeywell, beginning with the acquisition of Sperry Aerospace.[5] 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.[13] 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.[14]

Honeywell is in the consortium that runs the Pantex Plant that assembles all of the nuclear bombs in the United States arsenal.[15][16] 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.[17]

Home & building controls

Honeywell also 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. Five years later, 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.[6]: 183  By 1995, Honeywell had condensed into three divisions: Space and Aviation Control, Home and Building Control, and Industrial Control.

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. It has further acquired Measurex System and Leeds & Northrup Company to strengthen its portfolio.

1999–2002 merger, takeovers

Honeywell International Inc., is the product of a merger in which Honeywell Inc. was acquired by the much larger AlliedSignal in 1999. The company headquarters were consolidated with AlliedSignal's headquarters in Morristown, New Jersey; however the combined company chose the name "Honeywell" because of its superior brand recognition

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.[5] The former Honeywell moved their headquarters of 114 years to AlliedSignal's in Morristown, NJ. While "technically, the deal looks more like an acquisition than a merger...from a strategic standpoint, it is a merger of equals."[18] 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 current "Honeywell International Inc." is the product of a merger between AlliedSignal and Honeywell Inc. 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 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,[19] 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.[20] 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.[21] 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.[22] 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. 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."[23][24] This led to a drop in morale and general tumult throughout Honeywell, and in turn, the then-CEO Michael Bonsignore was fired as Honeywell looked to turn their business around.

2002–2014 acquisitions and further expansion

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). In February that year, 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[25] and increasing its labor force to 131,000 as a result of these acquisitions. Under his tenure, Honeywell's stock has nearly tripled from $35.23 in April 2002 to $99.39 as of January 2015.[26]

Honeywell made a £1.2bn ($2.3bn) bid for Novar plc in December 2004.[27][28] The acquisition was finalized on March 31, 2005.[29][30] 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.[31] 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.[32]

2015 headquarters relocation

In 2015, the headquarters were moved to Morris Plains.[33] On November 30, 2018, Honeywell announced that its corporate headquarters would be moved to Charlotte, North Carolina.[34] On July 1, 2019, Honeywell moved employees into a temporary headquarters building in Charlotte before their new building was complete.[35] The 475,000-square-foot building on 40 acres in Morris Plains features state-of-the-art technology and greater energy efficiency than Honeywell's Morristown campus, which was underutilized, outdated and costly, according to Cote.

2015-present

On December 29, 2015, Honeywell completed the acquisition of Elster for US$5.1B (announced on July 28, 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 also 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.[36] In February, 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 on April 1, 2016.[37] 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.[38] On September 12, 2016, Morris Plain, N.J.-based Honeywell announced that it would invest $20 million in the first-of-its-kind software development center and relocate the headquarters of its nearly $10 billion home and building technologies division from suburban Minneapolis to Atlanta. The expansion will add more than 800 jobs.[39][40]

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) the previous year. Cote served as executive chairman through April 2018.[41] On October 10, 2017, Honeywell announced plans to spinoff its Homes, ADI Global Distribution, and Transportation Systems businesses into two separate, publicly traded companies by the end of 2018.[42]

In early 2019 Honeywell launched its home spinoff under the brand Resideo, focusing mostly on programmable and remotely operated thermostats. In October 2019, the company announced the establishment of an advanced technology center called Honeywell Robotics, which will be focused on innovating and developing artificial intelligence, machine learning, computer vision and advanced robotics to be used across supply chains.[43]

For the fiscal year 2018, Honeywell reported net income of US$6.765 billion, with an annual revenue of US$41.802 billion, an increase of 3.13% over the previous fiscal cycle. Honeywell's shares traded at over $169 per share, and its market capitalization was valued at over US$120.26 billion in September 2019.[44][45][3][46]

Business units

The company operates four business units–Honeywell Aerospace, Honeywell Building Technologies, Safety and Productivity Solutions (SPS), and Performance Materials and Technologies (PMT)[3][47][48][49][49][50][51]

Aerospace

Honeywell Aerospace is a global provider of integrated avionics, engines, systems and service solutions[buzzword] 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.[52][53]

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.[54] In July 2014, Honeywell's Transportation Systems merged with the Aerospace division due to similarities between the businesses.[55]

In April 2018, Honeywell announced to develop laser communication products for satellite communication in collaboration with Ball Aerospace and plans future volume production.[56]

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[buzzword], radar, navigation and communications systems, aircraft lighting, wheels and brakes.[52]

Defense & Space

Honeywell Defense & Space business unit creates products such as the Honeywell RQ-16 T-Hawk 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.[52]

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.[52]

Transportation Systems

Honeywell Transportation Systems produces engine boosting turbochargers for passenger cars and commercial vehicles.[52]

Home and Building Technologies

Honeywell HBT was created when the SBG Automation and Control Solutions was split into two new SBGs, HBT and Safety and Productivity Solutions, in July 2016.[49] On December 7, 2017, Honeywell announced that it has acquired SCAME, an Italian-based company, to add new fire and gas safety capabilities to its portfolio.[57]

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.[58][59][60][61]

In June 2016, Honeywell announced a new release of its building management system, Enterprise Buildings Integrator (EBI) to support the Middle East region's smart building and cities ambitions. In a statement, Honeywell said that EBI R500 leverages the connectivity of today's buildings to help make them more strategic assets that are green, safe and productive.[62]

Honeywell Smarthomes serve customers worldwide to control technologies for buildings, homes and industry; turbochargers; and performance materials. We are building a smarter, safer, and more sustainable world.[63]

Environmental and Energy Solutions

Honeywell Environmental and Energy Solutions 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.[58]

Honeywell Security and Fire

Honeywell Security and Fire manufactures electronic security systems, intrusion detection systems, and fire alarms for commercial businesses. They also manufacture products that cover commercial fire alarm and emergency communication systems as well as fire detection and notification devices.[58] The First Alert Professional brand was acquired by Honeywell. The brand was originally owned by Pittway Corp which franchised a network of independently owned security and fire alarm dealers in the western hemisphere from the early 1990s known as First Alert Professional Security Systems. For two decades, First Alert Professional branded (private labelled) security and fire alarm panels and Keypads were manufactured by Ademco, Inc., now owned by Honeywell.

Safety and Productivity Solutions

Honeywell SPS was created when the SBG Automation and Control Solutions was split into two new SBGs, Home and Building Technologies and Safety and Productivity Solutions, in July 2016.[49]

Scanning & Mobility

Products in Honeywell Scanning & Mobility (HSM) include mobile computers and bar code scanners, radio frequency identification solutions[buzzword], voice-enabled workflow and printing solutions.[buzzword] In 2013, Honeywell completed the acquisition of Intermec, which included the Vocollect and Enterprise Mobile brands, and integrated them into Honeywell Scanning & Mobility.[58][64]

Sensing and Internet of Things

Honeywell Sensing and Internet of Things (Honeywell SIoT) produces over 50,000 products ranging from snap action, limit, toggle and pressure switches to position, speed and airflow sensors.[58]

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.[58] Brands include Xtratuf.

Performance Materials and Technologies

The Honeywell Performance Materials and Technologies strategic business group is divided into six business units. Products include process technology for oil and gas processing, fuels, films and additives, special chemicals, electronic materials, and renewable transport fuels.[65][66][67]

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.[68][69]

Honeywell Process Solutions

Honeywell Process Solutions offers automation control solutions[buzzword] 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. The business unit also has a global metering business following the acquisition of Elster Metering in 2015.[68]

Fluorine Products

Honeywell Fluorine Products produces refrigerants, foam insulation blowing agents, aerosols, and solvents.[68]

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.[68]

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.[68] This division was spun off as AdvanSix in 2016.[70]

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.[68]

Corporate governance

Honeywell's current chief executive officer is Darius Adamczyk.[71][72]

Darius Adamczyk Chairman and chief executive officer of Honeywell
Duncan B. Angove President of Infor, Inc.
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)
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. Lieblein Vice president of 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.

Current as of April 23, 2018[73]

Products and services

A Honeywell digital compass sensor mounted on a circuit board
Main article: List of Honeywell products and services

Honeywell has many brands that commercial and retail consumers may recognize, including its line of home thermostats (particularly the iconic round type) and Garrett turbochargers. In addition to consumer home products, Honeywell produces thermostats, sensors, security alarm systems, and air cleaners and dehumidifiers. The company also licenses its brand name for use in various retail products made by other manufacturers, including air conditioners, heaters, fans, security safes, home generators, and paper shredders.

Aircraft

Missiles and rockets

Honeywell Scanning and Mobility

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, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), or Performance Materials and Technologies (PMT)) but retain their original brand name.

Acquisition Business Group
2018
Transnorm[74][75] SPS
2017
Nextnine[76] PMT
SCAME Sistemi[77] HBT
FLUX[78][a] SPS
2016
Com Dev[79] Aerospace
RSI[80] HBT
Intelligrated[81] SPS
Xtralis[82] HBT
Movilizer[83] SPS
UOP Russell LLC[84] PMT
2015
Seelze[85] PMT
Elster[86][87] PMT
Datamax-O'Neil[88] SPS
2013
Saia Burgess Controls[89][87] HBT
Intermec[90] SPS
RAE Systems[91] SPS
2012
Fire Sentry[92][93] HBT
InnCom[94][95] HBT
Thomas Russell LLC[96] PMT
2011
EMS[97] SPS/Aerospace
Iris Systems[98] HBT
Kings Safety Shoes[99] SPS
2010
Akuacom[100][101] HBT
Matrikon[102] PMT
E-Mon[103][104] HBT
Sperian[32] SPS
2009
RMG[105] PMT
Cythos[106] SPS
2008
AV Digital Audio-Videotechnik GmbH[107] HBT
Energy Services Group, LLC[108] PMT
Metrologic[109] SPS
IAC[110] Aerospace
Callidus[111] PMT
Norcross[112] SPS
2007
Plant Automation Systems, Inc. (PAS)[113] PMT
Dimensions Int'l[114] Aerospace
ActiveEye[115] SPS
Burtek[116] PMT
Ex-Or[117] HBT
Enraf Holdings B.V.[118] SPS
Handheld Products[119] SPS
Maxon Corporation[120] PMT
2006
Sempra Energy Services[108] PMT
First Technology[121] SPS
Gardiner Group[122] HBT
2005
UOP LLC[31] PMT
Novar Controls[123] HBT
Zellweger[124] SPS
Lebow SPS
InterCorr International, Inc.[125] SPS
Tridium, Inc.[126] HBT
2004
Hymatic Group[127] Aerospace
Genesis Cable[128] HBT
HomMed, LLC[129] SPS
Aube Technologies[130] HBT
Vindicator[131] HBT
Electro-Radiation Incorporated (ERI)[132] Aerospace
Edgelinx[133] HBT
GEM Microelectronics[134] PMT
2003
Silent Witness[135] HBT
Sensotec[136] SPS
Baker Electronics[137] Aerospace
Gamewell[138] HBT
Olympo[139] HBT
FutureSmart[140] HBT
Kolon Films[141] PMT
Betatech[142] HBT
2002
Invensys Sensor Systems[143] SPS
Chadwick Helmuth[144][145] Aerospace
Ultrak[146] HBT
Mora Moravia[147] Aerospace
Shanghai Alarm[148] 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 has Honeywell.[149] Honeywell ranks 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.[150] In 2001, Honeywell agreed to pay $150,000 in civil penalties and to perform $772,000 worth of reparations for environmental violations involving:[151]

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."[152] In the same year, Honeywell paid $3.6 million to avoid a federal trial regarding its responsibility for trichloroethylene contamination in Lisle, Illinois.[153] 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 from a former Allied Chemical property.[154] Honeywell established three water treatment plants by November 2014, and the chemicals cleanup site removed 7 tons of mercury.[155] 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.”[156] By December 2017, Honeywell completed dredging the lake[157] and, later that month, 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.[157]

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.[158] 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.[159]

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.[160] 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.[161]

Harvey Cox holding a Honeywell fragmentation bomb (1973)

Criticism

On March 10, 2013, the WSJ reported that Honeywell was one of sixty companies that shielded annual profits from U.S. taxes.[162] 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.[163]

Honeywell has also been criticized in the past for its manufacture of deadly and maiming weapons, such as cluster bombs.[164]

See also

Notes

[a] - Honeywell acquired a 25% stake in FLUX and a 75% stake in a new joint venture focused outside of China.[165]

References

  1. ^ a b c d e f "Honeywell International, Inc. 2018 Annual Report, Form 10-K, Filing Date Feb 8, 2019". Honeywell.com. Retrieved September 9, 2019.
  2. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved November 10, 2018.
  3. ^ a b c "Honeywell International, Inc. 2018 Annual Report, Form 10-K, Filing Date Feb 8, 2019". Honeywell.com. Retrieved September 9, 2019.
  4. ^ "Edgar Online SEC Filings FY 2007". Yahoo.brand.edgar-online.com. Retrieved September 13, 2011.
  5. ^ a b c d e f Votteler, Thom, ed. (2003). International Directory of Company Histories (50 ed.). Detroit: St. James Press. pp. 231–235. Retrieved January 13, 2015.
  6. ^ a b c d e f g h i j k l m n o Rodengen, Jeffrey L. (1995). The Legend of Honeywell. Write Stuff Syndicate. ISBN 978-0-945903-25-3.
  7. ^ "Honeywell official history site". Honeywell.com. Retrieved September 13, 2011.
  8. ^ "Punched Tape Controls Aircraft In Flight" Popular Mechanics, May 1953, p. 89.
  9. ^ "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.
  10. ^ State ex rel. Pillsbury v. Honeywell, Inc., Minnesota Supreme Court, 1971 [1]
  11. ^ 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
  12. ^ "Our History". Honeywell. Honeywell, Inc. Retrieved March 5, 2019.
  13. ^ "COMPANY NEWS; Honeywell Backs Spinoff of Unit". Retrieved May 16, 2018.
  14. ^ "Company News;honeywell to Buy Duracraft for $283 Million". The New York Times. February 13, 1996. ISSN 0362-4331. Retrieved May 16, 2018.
  15. ^ "The U.S. Nuclear Weapons Complex: Major Facilities". Union of Concerned Scientists. Retrieved May 16, 2018.
  16. ^ "Pantex | Defense Nuclear Facilities Safety Board". dnfsb.gov. Retrieved November 17, 2018.
  17. ^ "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.
  18. ^ Deutsch, Claudia H.; Holson, Laura M. (June 7, 1999). "Allied Signal And Honeywell To Announce Merger Today".
  19. ^ Grant, Tina, ed. (2000). International Directory of Company Histories. Vol. 33. Detroit: St. James. pp. 334–337. Retrieved January 14, 2015.
  20. ^ Van, Jon (December 21, 1999). "Pittway Shares Leap On News Of Honeywell Deal".
  21. ^ "GE/Honeywell: Engine failure". The Economist. July 5, 2001.
  22. ^ Elliott, Michael (July 8, 2001). "The Anatomy of the GE-Honeywell Disaster". TIME.
  23. ^ Charles James, "International Antitrust in the Bush Administration", September 21, 2001
  24. ^ "Honeywell in Russia". Retrieved July 18, 2013.
  25. ^ "Honeywell 2015 Fact Sheet".
  26. ^ "Honeywell International Inc". Wall Street Journal. Retrieved January 22, 2015.
  27. ^ "December 13, 2004". BBC News. December 13, 2004. Retrieved September 13, 2011.
  28. ^ The offer was £798m or £1.85 per share for each Novar share, with another £331m for preference shares and debt.
  29. ^ "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.
  30. ^ 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.
  31. ^ a b Tullo, Alexander (October 10, 2005). "Honeywell Buying Dow Share of UOP". Chemical & Engineering News. American Chemical Society. Retrieved October 7, 2014.
  32. ^ a b Korn, Melissa (May 20, 2010). "Honeywell to Buy Sperian for $1.4 Billion". online.wsj.com. The Wall Street Journal. Retrieved October 8, 2014.
  33. ^ Tom Bergeron, NJBiz. "Honeywell opens 'truly awesome building' in Morris Plains." November 16, 2015. Retrieved May 17, 2017.
  34. ^ "Honeywell Announces Move Of Global Headquarters To Charlotte". Honeywell. Retrieved November 30, 2018.
  35. ^ "'A sign of a growing city.' Honeywell CEO is bullish on Charlotte, new jobs". Charlotte Observer. August 27, 2019.
  36. ^ Tess Stynes, The Wall Street Journal. “Honeywell Buys Remaining UOP Russell Stake for $240 Million.” Jan 6, 2016. Jan 8, 2016.
  37. ^ Street Insider. “Honeywell (HON) Announces Completion of $480M Xtralis Acquisition.” April 1, 2016. April 1, 2016.
  38. ^ Joshua Jamerson, The Wall Street Journal. “Honeywell, Google Settle Lawsuit Over Nest Labs Thermostat.” May 6, 2016. May 9, 2016.
  39. ^ Urvaksh Karkaria, WABE. “Why Honeywell Picked Atlanta As Its New Technology Hub.” Sept. 16, 2016. Sept. 16, 2016.
  40. ^ Trubey, J. Scott (September 12, 2016). "Honeywell announces division HQ, software center in Atlanta". Atlanta Journal-Constitution. Retrieved December 29, 2017.
  41. ^ Mann, Ted (June 28, 2016). "Honeywell CEO Cote to Step Down in March". The Wall Street Journal. Retrieved May 18, 2017.
  42. ^ PR Newswire. “Honeywell Announces Planned Portfolio Changes.” October 10, 2017.
  43. ^ Leonard, Matt (October 28, 2019). "Honeywell Robotics hub will focus on warehouse automation". Supply Chain Dive. Retrieved October 29, 2019.{{cite web}}: CS1 maint: url-status (link)
  44. ^ "Honeywell Market-cap 2006–2019 HON". macrotrends.net. Retrieved October 30, 2018.
  45. ^ "Honeywell stock-price-history 2006–2019 HON". macrotrends.net. Retrieved October 30, 2018.
  46. ^ "Honeywell Financial Statements 2005–2019 HON". macrotrends.net. Retrieved October 30, 2018.
  47. ^ Krauskopf, Lewis (July 14, 2014). "Honeywell to merge turbocharger business into aerospace unit". Reuters. Retrieved October 14, 2014.
  48. ^ "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. p. 13. Retrieved October 14, 2014.
  49. ^ a b c d "HON 8-K 7/22/2016" (PDF). investor.honeywell.com. Archived from the original (PDF) on August 17, 2018. Retrieved August 10, 2016.
  50. ^ "New Employee Orientation". Honeywell International. Honeywell International. Archived from the original on November 24, 2014. Retrieved October 30, 2014.
  51. ^ "Honeywell Acronyms List". Honeywell International. Honeywell International. Retrieved October 30, 2014.
  52. ^ a b c d e "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. pp. 1–4, 10. Retrieved October 6, 2014.
  53. ^ "Honeywell 2014 Fact Sheet". Honeywell Investor Toolbox. Honeywell International. p. 3. Retrieved October 6, 2014.
  54. ^ Airtrafficmanagement.net. “Honeywell’s SmartPath launches at Malaga.” May 6, 2014. Retrieved May 7, 2014.
  55. ^ "Honeywell Divests Friction Materials, Reorganizes". Zacks Investment Research. July 25, 2014. Retrieved October 8, 2014.
  56. ^ Russell, Kendall (April 17, 2018). "Honeywell, Ball to Develop Optical Communication Links – Via Satellite -". Via Satellite. Retrieved April 21, 2018.
  57. ^ Security Sales. "Honeywell Buys SCAME to Strengthen Fire and Gas Products Portfolio." Dec 07, 2017. Retrieved Dec 13, 2017.
  58. ^ a b c d e f "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. pp. 4–6. Retrieved October 6, 2014.
  59. ^ Tilley, Aaron (October 13, 2013). "Honeywell Is Giving Utility Companies Access To Your Thermostat (But Only If You Want)". Forbes. Retrieved October 1, 2014.
  60. ^ DePass, Dee (June 11, 2012). "Honeywell gets Smart Grid division". Star Tribune. Retrieved October 1, 2014.
  61. ^ Clancy, Heather (June 11, 2014). "Honeywell joins forces with Fort Bragg on networked microgrid". GreenBiz. Retrieved October 1, 2014.
  62. ^ Parmoita Dey, Construction Week Online. “Honeywell launches new building management system.” June 22, 2016. June 24, 2016.
  63. ^ Smarthomes, Honeywell. "About Honeywell Smarthomes".
  64. ^ STYNES, TESS (December 10, 2012). "Honeywell to Buy Intermec for $600 Million". Wall Street Journal. Retrieved October 1, 2014.
  65. ^ "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. Retrieved October 6, 2014.
  66. ^ "Honeywell 2013 Annual Report". Honeywell Annual Reports. Honeywell International. March 31, 2014. p. 8. Retrieved October 6, 2014.
  67. ^ "Honeywell 2014 Fact Sheet". Honeywell Investor Toolbox. Honeywell International. p. 4. Retrieved October 6, 2014.
  68. ^ 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.
  69. ^ "Hrol". Octane Week. Vol. v20, no. i39. October 10, 2005. p. 7. ISSN 1072-8740.
  70. ^ "Honeywell to spin off its $1.3 billion resins and chemicals business". Reuters. May 12, 2016.
  71. ^ Ed Crooks and James Politi, Financial Times. "Honeywell chief warns on debt gridlock." Jul 12, 2012. Retrieved Jul 19, 2012.
  72. ^ "David M Cote." Forbes. Retrieved Jul 19, 2012.
  73. ^ "Board of Directors – Honeywell". investor.honeywell.com. Retrieved April 23, 2018.
  74. ^ "Honeywell to buy German warehouse automation firm Transnorm for $493 million". Reuters. October 1, 2018. Retrieved November 25, 2019.
  75. ^ "Honeywell announces acquisition of Transnorm for $492.8 million". www.mmh.com. Retrieved November 25, 2019.
  76. ^ Solomon, Shoshanna. "Honeywell-Nextnine deal illustrates owners' dilemma: Sell or hold". Times of Israel. Retrieved February 8, 2018.
  77. ^ 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. Retrieved February 8, 2018.
  78. ^ Sutherland, Brooke (December 27, 2017). "Honeywell's Adamczyk Is Right for The Times". Bloomberg.com. Retrieved February 8, 2018.
  79. ^ Black, Shannon. "Honeywell Completes Acquisition of Com Dev International – Market Realist". marketrealist.com. Retrieved December 9, 2016.
  80. ^ Bannister, Adam (March 2, 2016). "Honeywell Acquires RSI Video Technologies as Consolidation in Security Tech Market Continues – IFSEC Global". IFSEC Global. Retrieved December 9, 2016.
  81. ^ Black, Thomas. "Honeywell Buys Supply-Chain Firm in Return to Bite-Size M&A". Bloomberg.com. Retrieved December 9, 2016.
  82. ^ "Honeywell (HON) Announces Completion of $480M Xtralis Acquisition". Honeywell. Honeywell. April 1, 2016. Retrieved April 1, 2016.
  83. ^ "Honeywell Acquires Movilizer, Leader In Simplifying Operations For Remote Connected Workers". Honeywell. Honeywell. March 1, 2016. Retrieved January 8, 2016.
  84. ^ Stynes, Tess (January 8, 2016). "Honeywell Honeywell Buys Remaining UOP Russell Stake for $240 Million". The Wall Street Journal. PR Newswire. Retrieved January 8, 2016.
  85. ^ "Honeywell Completes Acquisition of Research Chemicals Business From Sigma-Aldrich". PR Newswire. December 15, 2015. Retrieved December 15, 2015.
  86. ^ Bray, Chad (July 28, 2015). "Honeywell to Buy Elster for $5.1 Billion". The New York Times. Retrieved August 10, 2015.
  87. ^ a b "Honeywell Completes $5.1B Acquisition of Elster; 'Strong Fit' for Company's Home Automation Strategy". Security Sales & Integration. December 29, 2015. Retrieved November 25, 2019.
  88. ^ "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.
  89. ^ Hardcastle, Jessica Lyons (October 26, 2012). "Honeywell Acquires Saia Burgess Controls for $130m". energymanagertoday.com. Business Sector Media, LLC. Retrieved October 8, 2014.
  90. ^ 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.
  91. ^ "Honeywell Closes RAE Acquisition – Analyst Blog". nasdaq.com. Zacks.com. June 6, 2013. Retrieved October 8, 2014.
  92. ^ Nacelewicz, Tess (January 25, 2012). "Honeywell acquires Fire Sentry". securitysystemsnews.com. United Publications Inc. Retrieved October 8, 2014.
  93. ^ "Honeywell acquires Fire Sentry | Security Systems News". www.securitysystemsnews.com. Retrieved November 25, 2019.
  94. ^ "Honeywell Acquires INNCOM". Finance.yahoo.com/. Zacks.com. June 6, 2012. Retrieved October 8, 2014.
  95. ^ "Honeywell Acquires INNCOM". Hospitality Technology. Retrieved November 25, 2019.
  96. ^ CHAUDHURI, SAABIRA (October 1, 2012). "Honeywell to Buy Stake in Thomas Russell for $525 Million". wsj.com. The Wall Street Journal. Retrieved October 8, 2014.
  97. ^ Daley, Will (June 13, 2011). "Honeywell International to Acquire EMS Technologies for About $491 Million". bloomberg.com. bloomberg. Retrieved October 8, 2014.
  98. ^ "Honeywell Acquires IRIS Systems Inc". powderbulksolids.com. UBM Canon. August 4, 2011. Retrieved October 8, 2014.
  99. ^ 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.
  100. ^ Nusca, Andrew (May 7, 2010). "Honeywell acquires Akuacom; automated demand response for smart grid". smartplanet.com. CBS Interactive. Retrieved October 8, 2014.
  101. ^ Nusca, Andrew. "Honeywell acquires Akuacom; automated demand response for smart grid". ZDNet. Retrieved November 25, 2019.
  102. ^ Mintchell, Gary (August 1, 2010). "Honeywell Completes Acquisition of Matrikon". automationworld.com. Summit Media Group, Inc. Retrieved October 8, 2014.
  103. ^ Marino, Jonathan (July 22, 2010). "Honeywell Snaps Up E-Mon". themiddlemarket.com. SourceMedia. Retrieved October 8, 2014.
  104. ^ "Honeywell Acquires E-Mon D-Mon Submetering Firm". www.electronicspecifier.com. Retrieved November 25, 2019.
  105. ^ Tausch, Henri (September 5, 2009). "Honeywell acquires RMG Regel + Messtechnik". controlengeurope.com. IML GROUP PLC. Retrieved October 8, 2014.
  106. ^ "Ackermann by Honeywell: History". Ackermann-clino.com. Archived from the original on January 5, 2016. Retrieved November 14, 2015.
  107. ^ "HONEYWELL.docx (business policy)". scribd.com. Scribd Inc. 2013. Retrieved October 8, 2014.
  108. ^ a b Puishys, Joe (April 17, 2006). "Honeywell Acquires Energy Services Group". achrnews.com. BNP Media. Retrieved October 8, 2014.
  109. ^ Gutierrez, Carl (April 28, 2008). "Honeywell Captures Metrologic". forbes.com. Forbes.com LLC. Retrieved October 8, 2014.
  110. ^ "Honeywell to Buy IAC". aviationtoday.com. Access Intelligence, LLC. June 13, 2008. Retrieved October 8, 2014.
  111. ^ "Honeywell to acquire combustion equipment vendor Callidus Technologies". chemengonline.com. Access Intelligence, LLC. October 22, 2008. Retrieved October 8, 2008.
  112. ^ "Honeywell acquires Norcross Safety Products for $1.2B". Reliableplant.com. Retrieved November 14, 2015.
  113. ^ "Honeywell acquires advanced process control and optimization business from PAS". plantservices.com. Control Global. 2007. Retrieved October 8, 2014.
  114. ^ "Honeywell agrees to buy Dimensions Int'l for $230 mln". marketwatch.com. MarketWatch, Inc. May 22, 2007. Retrieved October 8, 2014.
  115. ^ "Honeywell buys analytics maker ActivEye". Securitysystemsnews.com/. United Publications Inc. March 1, 2007. Retrieved October 8, 2014.
  116. ^ "Honeywell to Acquire Burtek Systems". sdmmag.com. BNP Media. June 1, 2007. Retrieved October 8, 2014.
  117. ^ "Honeywell acquires Ex-Or". Modern Building Services. Portico Publishing Ltd. August 5, 2007. Retrieved October 8, 2014.
  118. ^ "Honeywell acquires Enraf Holding B.V." pacetoday.com.au. Cirrus Media. August 2, 2007. Retrieved October 8, 2014.
  119. ^ Hannagan, Charley (October 15, 2007). "Honeywell Buys Hand Held Products". syracuse.com. Syracuse Media Group. Retrieved October 8, 2014.
  120. ^ "Honeywell Acquires Maxon". achrnews.com. BNP Media. December 24, 2007. Retrieved October 8, 2014.
  121. ^ "Honeywell acquires First Technology share capital". Filtration Industry Analyst. 2006 (4): 2. April 2006. doi:10.1016/s1365-6937(06)71090-5.
  122. ^ "Honeywell To Buy Gardiner Group". Electricalmarketing.com/. Penton. March 9, 2006. Retrieved October 8, 2014.
  123. ^ Funk, Dale (January 1, 2005). "Honeywell to buy Novar to enhance automation and control solutions business". Electrical Wholesaling. Penton. Retrieved October 8, 2014.
  124. ^ "Honeywell Completes Acquisition of Zellweger Analytics". securityinfowatch.com. Cygnus Business Media. July 7, 2005. Retrieved October 8, 2014.
  125. ^ "Honeywell to acquire InterCorr International". controlglobal.com. Control Global. June 15, 2005. Retrieved October 8, 2014.
  126. ^ "TRIDIUM, INC. Company Profile". Hoover's. Hoover's Inc. October 8, 2014. Retrieved October 8, 2014.
  127. ^ "Honeywell acquires Hymatic to expand European presence". Aviationweek.com/. Penton. January 13, 2004. Retrieved October 7, 2014.
  128. ^ "Genesis Cable Acquired by Honeywell". sdmmag.com. BNP Media. July 29, 2004. Retrieved October 7, 2014.
  129. ^ "Honeywell appoints HomMed president". bizjournals.com. American City Business Journals. March 20, 2007. Retrieved October 7, 2014.
  130. ^ "Honeywell Acquires Aube Technologies". Air Conditioning Heating & Refrigeration News. 223 (3): 6. September 20, 2004. Retrieved October 7, 2014.
  131. ^ "Honeywell Acquires Vindicator". sdmmag.com. BNP Media. October 1, 2004. Retrieved October 7, 2014.
  132. ^ "Acquisition should be right fit for all involved". Billingsgazette.com/. The Billings Gazette. January 21, 2007. Retrieved October 7, 2014.
  133. ^ "Honeywell Acquires Edgelinx Systems". securitysales.com. EH Publishing. May 12, 2004. Retrieved October 7, 2014.
  134. ^ Mather, Lee (December 2004). "Honeywell Acquires GEM". Advanced Packaging. 13 (12): 10. Retrieved October 7, 2014.
  135. ^ "Company Overview of Silent Witness Enterprises Ltd". Investing.businessweek.com/. Bloomberg. October 7, 2014. Retrieved October 7, 2014.
  136. ^ "Honeywell buying Sensotec to increase sensor, wireless capabilities". Control Engineering. March 1, 2003. ISSN 0010-8049. Retrieved October 7, 2014.
  137. ^ "Honeywell Acquires Baker Electronics". ainonline.com. The Convention News Co., Inc. January 14, 2008. Retrieved October 7, 2014.
  138. ^ "MERGERS & ACQUISITIONS". securitysolutions.com. Penton Media, Inc. April 1, 2003. Archived from the original on June 20, 2005. Retrieved October 7, 2014.
  139. ^ "Honeywell Acquires FutureSmart, Olympo Controls". SDM: Security Distributing & Marketing. 33 (12): 28. December 2003. Retrieved October 7, 2014.
  140. ^ Zurier, Steve (January 20, 2004). "Futuresmart bought". builderonline.com. Hanley Wood Media, Inc. Retrieved October 7, 2014.
  141. ^ "Kolon sells nylon-film lines to Honeywell for $26.7m". Asian Chemical News. 9 (403): 8. June 2003.
  142. ^ 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.
  143. ^ "Honeywell to Acquire Sensor Systems Business from Invensys plc". Electrical Marketing. Electrical Marketing. August 30, 2002. Retrieved October 7, 2014.
  144. ^ "Chadwick-Helmuth Company Inc". Innovation Development Institute, LLC. October 5, 2011. Retrieved October 7, 2014.
  145. ^ "Honeywell buys helicopter vibration monitoring specialist". Aviation Week. Penton. July 8, 2002. Retrieved October 7, 2014.
  146. ^ "SDM: Security Distributing & Marketing". Vol. 33, no. 2. February 2003.
  147. ^ "Mora Moravia ended with a solid fuel boiler". Novinky.cz. Seznam.cz, Inc. July 21, 2003. Retrieved October 7, 2014.
  148. ^ Longmore-Etheridge, Ann (March 1, 2014). "Business news". Security Management. 50 (3): 132. ISSN 0145-9406.
  149. ^ "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.
  150. ^ "Political Economy Research Institute". Archived from the original on September 27, 2007. Retrieved June 4, 2007.
  151. ^ "United States Environmental Protection Agency". Yosemite.epa.gov. November 30, 2001. Retrieved September 13, 2011.
  152. ^ 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.
  153. ^ "Chemical Company Pays $3.6 Mil. to Settle Suits", Chicago Sun-Times, September 6, 2003 qtd. in knowmore.org
  154. ^ "Lake Cleanup to Be Ordered in Syracuse", New York Times, Nov. 29, 2004
  155. ^ "Onondaga Lake Cleanup Progress – November" (PDF). Onondaga Lake Cleanup. Retrieved January 14, 2015.
  156. ^ Coin, Glenn (November 6, 2017). "Honeywell receives Audubon's highest award for Onondaga Lake cleanup". syracuse.com. Retrieved August 17, 2018.
  157. ^ a b Coin, Glenn. "Honeywell will pay $9.5 million for Onondaga Lake restoration project costs". syracuse.com. Retrieved January 11, 2018.
  158. ^ 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.
  159. ^ 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.
  160. ^ United States Environmental Protection Agency at the Wayback Machine (archive index)
  161. ^ [2] Archived August 10, 2011, at the Wayback Machine
  162. ^ Thurm, Scott; Linebaugh, Kate (March 11, 2013). "More U.S. Profits Parked Abroad, Saving on Taxes". The Wall Street Journal.
  163. ^ 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 December 26, 2011. Retrieved December 26, 2011.
  164. ^ Sledge, Matt (December 16, 2014). "How The CIA Twisted The Legacy Of A Vietnam War Protest To Justify Torture". Huffington Post. Huffingtonpost.com. Retrieved November 14, 2015.
  165. ^ "Honeywell to buy 25 percent of Chinese supply chain software firm". Reuters. 2017. Retrieved March 8, 2018.

External links

Wikimedia Commons has media related to Honeywell.
  • Official website
  • Honeywell (HON) revenue 2006–2019 (collated by MacroTrends.net)
  • Business data for Honeywell:
Preceded by Dow Jones Industrial Average component
December 2, 1999 – February 9, 2008 		Succeeded by
Retrieved from "https://en.wikipedia.org/w/index.php?title=Honeywell&oldid=933309502"