Honeywell
[12]: 73 This division was responsible for the development of the formation stick to control autopilots, more accurate fuel quantity indicators for aircraft, and the turbo supercharger.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.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.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.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.In April 1955, Minneapolis-Honeywell started a joint venture with Raytheon called Datamatic to enter the computer market and compete with IBM.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.[33] In 1990, Honeywell spun off their Defense and Marine Systems business into Alliant Techsystems, as well as their Test Instruments division and Signal Analysis Center to streamline the company's focus.[34] Honeywell continues to supply aerospace products including electronic guidance systems, cockpit instrumentation, lighting, and primary propulsion and secondary power turbine engines.[36][37] Honeywell Federal Manufacturing & Technologies, successor to the defense products of AlliedSignal, operates the Kansas City Plant which produces and assembles 85 percent of the non-nuclear components of the bombs.[38] Honeywell began the SmartHouse project, to combine heating, cooling, security, lighting, and appliances into one easily controlled system.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.[45][46] US regulators disagreed, finding that the merger would improve competition and reduce prices; United States Assistant Attorney General Charles James called the EU's decision "antithetical to the goals of antitrust law enforcement.[53] 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.[54] 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.[61] David Cote stepped down as CEO on April 1, 2017, and was succeeded by Darius Adamczyk, who had been promoted to president and chief operating officer (COO) in 2016.[62] In October 2017, Honeywell announced plans to spin off its Homes, ADI Global Distribution, and Transportation Systems businesses into two separate, publicly traded companies by the end of 2018.[81] On October 1, 2024, Honeywell partnered with Google to integrate data with generative AI with an aim to streamline autonomous operations for its customers.[82] In response to the COVID-19 pandemic, Honeywell converted some of its manufacturing facilities in Rhode Island, Arizona, Michigan and Germany to produce supplies of personal protective equipment for healthcare workers.The North Carolina Task Force for Emergency Repurposing of Manufacturing (TFERM) awarded Honeywell a contract for the monthly delivery of 100,000 N95 masks.In April 2020, Los Angeles Mayor Eric Garcetti announced a deal with Honeywell to produce 24 million N95 masks to distribute to healthcare workers and first responders.[68][93] Business units within the company are as follows:[94][95] Honeywell Aerospace Technologies provides avionics, aircraft engines, flight management systems, and service solutions to manufacturers, airlines, airport operations, militaries, and space programs.In December 2017, Honeywell announced that it had acquired SCAME, an Italy-based company, to add new fire and gas safety capabilities to its portfolio.[108][109] As of June 2023[update], the members of the board are:[110] Honeywell's acquisitions have consisted largely of businesses aligned with the company's existing technologies.[196] In 2001, Honeywell agreed to pay $150,000 in civil penalties and to perform $772,000 worth of reparations for environmental violations involving:[197] 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.[203] Later in December, the Department of Justice filed a settlement requiring Honeywell to pay a separate $9.5 million in damages, as well build 20 restoration projects on the shore to help repair the greater area surrounding the lake.[203] 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.[207] Honeywell reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 2,248 Kt (-89 /-3.8% y-o-y).Al Jazeera’s investigation traced the part’s serial numbers back to Honeywell, raising concerns about U.S. involvement in these military operations.
Honeywell (disambiguation)HeadquartersCharlotte, North CarolinaPublicTraded asNasdaqNasdaq-100S&P 100S&P 500ConglomerateAlliedSignalWabash, IndianaMark C. HoneywellDarius AdamczykchairmanVimal KapurOperating incomeNet incomeTotal assetsTotal equitySubsidiariesHoneywell Aerospace TechnologiesIntermecRAE SystemsHoneywell UOPTridiumpublicly tradedmultinationalaerospaceFortune 500chief executive officer (CEO)Dow Jones Industrial AverageNew York Stock ExchangeAlbert ButzthermostatW.R. SweattMark HoneywellWabashIndianaHoneywell 516Interface Message ProcessorWorld War IIUSS NautilusRUR-5 ASROCtaxiingtakeofflandingplayer pianoautopilotmissile guidancenumerical controlWagtail missilePentaxMinneapolis campusMulticsGeneral Comprehensive Operating SystemGroupe BullControl Data CorporationVietnam Eracluster bombsnapalmland minesX-20 projectEglin Air Force BaseNF-101B VoodooHoneywell projectairline reservations systemmainframeRaytheonDATAmatic 1000Computer Control CorporationSnow White and the Seven DwarfsBurroughsGeneral ElectricUNIVAC600-seriesmainframesHoneywell 6000 seriesHoneywell Page Printing SystemXerox Data SystemsSigma computersminicomputersHoneywell 200IBM 1401Alliant TechsystemsDuracraftPantex Plantnuclear bombsKansas City PlantLeeds & NorthrupPittwayMorristownNew JerseyMinneapolisMinnesotaJack WelchEuropean CommissionMario MontiGeneral Electric CF34turbofanjet enginesavionicshorizontal monopolymergerCharles JamesMichael Bonsignoreglass cockpitKnorr-BremseBendix Commercial Vehicle SystemsKnorr-Bremse AGNovar plcCinvenMorris Plains, New Jerseychief operating officerADI Global DistributionGarrett Advancing MotionQuantinuumCarrier GlobalCOVID-19 pandemicpersonal protective equipmentN95 masksSmithfieldPhoenixMuskegonLos Angeles MayorEric Garcetti