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Honeywell
Honeywell International Inc. is an American
publicly traded, multinational conglomerate corporation Honeywell International Inc.
headquartered in Charlotte, North Carolina. It primarily
operates in four areas of business: aerospace, building
technologies, performance materials and technologies
(PMT), and safety and productivity solutions (SPS).[2]
Honeywell is a Fortune 500 company, ranked 115th in
2023.[3] In 2022, the corporation had a global workforce
of approximately 97,000 employees, down from 113,000
in 2019.[1][4] The current chairman is Darius Adamczyk
and the chief executive officer (CEO) is Vimal Kapur.[5]
Headquarters in Charlotte, North Carolina
The corporation's current name, Honeywell Type Public
International Inc., is a product of the merger of
Traded as Nasdaq: HON (https://www.na
Honeywell Inc. and AlliedSignal in 1999. The
sdaq.com/market-activity/stoc
corporation headquarters were consolidated with
ks/hon)
AlliedSignal's headquarters in Morristown, New Jersey;
however, the combined company chose the name Nasdaq-100 component
"Honeywell" because of the considerable brand DJIA component
recognition.[6] Honeywell was a component of the Dow S&P 100 component
Jones Industrial Average index from 1999 to 2008. Prior S&P 500 component
to 1999, its corporate predecessors were included dating
back to 1925, including early entrants in the computing Industry Conglomerate
and thermostat industries.[7][8] Predecessor Honeywell Inc.
AlliedSignal Inc.
In 2020, Honeywell rejoined the Dow Jones Industrial
Average index[9] and the following year moved its stock Founded 1906
listing from the New York Stock Exchange to the Wabash, Indiana
Nasdaq.[10] Founder Mark C. Honeywell (for the
Honeywell Inc. line)

History Headquarters Charlotte, North Carolina, U.S.

Area served Worldwide
The Butz Thermo-Electric Regulator Company was Key people Darius Adamczyk
founded in 1885 when the Swiss-born Albert Butz (chairman)
invented the damper-flapper, a thermostat used to Vimal Kapur
control coal furnaces, bringing automated heating (CEO)
system regulation into homes.[11] The following year he Revenue US$35.47 billion (2022)
founded the Butz Thermo-Electric Regulator Company.
In 1888, after a falling out with his investors, Butz left Operating US$6.38 billion (2022)
income
the company and transferred the patents to the legal
firm Paul, Sanford, and Merwin, who renamed the Net income US$4.97 billion (2022)

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company the Consolidated Temperature Controlling Total assets US$62.28 billion (2022)
Company.[11] As the years passed, CTCC struggled with US$17.32 billion (2022)
Total equity
debt, and the company underwent several name
changes. After it was renamed the Electric Heat Number of c. 100,000 (2023)
Regulator Company in 1893, W.R. Sweatt, a stockholder employees
in the company, was sold "an extensive list of patents" Subsidiaries Honeywell Aerospace
and named secretary-treasurer.[12]: 22 By 1900, Sweatt Honeywell Automation India
had bought out the remaining shares of the company Intermec
from the other stockholders.[13]
RAE Systems
UOP LLC
1906 Honeywell Heating Specialty Company Tridium
founded Website honeywell.com (http://honeyw
ell.com)
In 1906, Mark Honeywell founded the Honeywell Footnotes / references
Heating Specialty Company in Wabash, Indiana, to [1]
manufacture and market his invention, the mercury seal
generator.[14][15]

1922–1934 Mergers and acquisitions

As Honeywell's company grew (thanks in part to the acquisition of

Jewell Manufacturing Company in 1922 to better automate his
heating system) it began to clash with the Electric Heat
Regulator Company now-renamed Minneapolis Heat
Regulator Company. 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.[16]

The combined assets were valued at over $3.5 million, with less
than $1 million in liabilities just months before Black
Monday.[12]: 49 In 1931, Minneapolis-Honeywell began a period of
expansion and acquisition when they purchased Time-O-Stat Honeywell 516, later used as the
Controls Company, giving the company access to a greater Interface Message Processor
number of patents to be used in their controls systems.

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

1934–1941 International growth

Harold, 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.

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1934 marked Minneapolis-Honeywell's first foray into the international market, when they acquired
the Brown Instrument Company and inherited their relationship with the Yamatake Company of
Tokyo, a Japan-based distributor.[12]: 51 Later 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.[11]

World War II

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

The C-1 revolutionized precision bombing and was ultimately used

on the two B-29 bombers that dropped atomic bombs on Japan in
1945. The success of these projects led Minneapolis-Honeywell to
open an Aero division in Chicago on October 5, 1942.[12]: 73 This
division was responsible for the development of the formation
stick to control autopilots, more accurate fuel quantity indicators
for aircraft, and the turbo supercharger.[12]: 79 In 1950,
Minneapolis-Honeywell's Aero division was contracted for the
controls on the first US nuclear submarine, USS Nautilus.[12]: 88 A World War II-era Honeywell C-1
The following year, the company acquired Intervox Company for autopilot control panel
their sonar, ultrasonic, and telemetry technologies. Honeywell
also helped develop and manufacture the RUR-5 ASROC for the
US Navy.

1950–1970s

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

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

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
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from "Minneapolis-Honeywell Regulator Co." to "Honeywell", to

better represent their colloquial name. Throughout the 1960s,
Honeywell continued to acquire other businesses, including
Security Burglar Alarm Company in 1969.[12]: 130

In the 1970s, after one member of a group called FREE[18] on the

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

As well, 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.[12]: 122 With the acquisition,
Honeywell took over responsibility for GE's ongoing
Multics operating system project. The design and
features of Multics greatly influenced the Unix
operating system. Multics 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 Honeywell thermostat
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.[12]: 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.[12]: 147
Under Binger's stewardship from 1961 to 1978 he expanded the company into such fields as defense,
aerospace, and computing.

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

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

Honeywell Information Systems

On April 12, 1955, Minneapolis-Honeywell started a joint venture

with Raytheon called Datamatic to enter the computer market and
compete with IBM.[12]: 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 Raytheon's interest in Datamatic
and turned it into the Electronic Data Processing division, later
Honeywell Information Systems (HIS) of Minneapolis-
Honeywell.[12]: 118 Honeywell also purchased minicomputer A 1990 Honeywell-Bull Entry Level
pioneer Computer Control Corporation (3C's) in 1966, renaming it Mainframe DPS 7 mainframe
as Honeywell's Computer Control Division. Through most of the
1960s, Honeywell was one of the "Snow White and the Seven
Dwarfs" of computing. IBM was "Snow White", while the dwarfs were the seven significantly smaller
computer companies: Burroughs, Control Data Corporation, General Electric, Honeywell, NCR, RCA,
and UNIVAC. Later, when their number had been reduced to five,[25] they were known as "The
BUNCH", after their initials: Burroughs, UNIVAC, NCR, Control Data Corporation, and
Honeywell.[26]

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

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

1985–1999 integrations

Aerospace and defense

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

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

Home and building controls

Honeywell 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.[12]: 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 to
strengthen its portfolio.

1999–2002 merger, takeovers

AlliedSignal and Pittway

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

The corporate headquarters were consolidated to AlliedSignal's headquarters in Morristown, New

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

In 2000, the new Honeywell acquired Pittway for $2.2 billion to gain a greater share of the fire-
protection and security systems market, and merged it into their Home and Building Control
division,[39] taking on Pittway's $167 million in debt. Analyst David Jarrett commented that "while

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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.[40] 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.[41] 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.[42] 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."[43][44] 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

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,
Honeywell glass cockpit, sold under
Suncor, and others). In February that year, Honeywell's board
the brand BendixKing
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[45] 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.[46]

Honeywell made a £1.2bn ($2.3bn) bid for Novar plc in December 2004.[47][48] The acquisition was
finalized on March 31, 2005.[49][50] 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.[51] 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.[52]

2015–present

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In 2015, the headquarters were moved to Morris Plains, New Jersey.[53] The 475,000-square-foot
building on 40 acres in Morris Plains featured state-of-the-art technology and greater energy
efficiency than Honeywell's Morristown campus, which was underutilized, outdated and costly,
according to Cote.

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.[54] 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.[55] 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.[56] In 2017, Honeywell opened a new software center in Atlanta, Georgia.[57]

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.[58] 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.[59]

In 2018, Honeywell spun off both Honeywell Turbo Technologies (now Garrett Advancing Motion)
and its consumer products business (Resideo);[60][61] both companies are publicly traded on the New
York Stock Exchange. For the fiscal year 2019, Honeywell reported net income of US$6.230 billion,
with an annual revenue of US$36.709 billion, an decrease of 19.11% over the previous fiscal cycle.
Honeywell's shares traded at over $158 per share, and its market capitalization was valued at over
US$113.25 billion in September 2020.[62][63][64][65]

Honeywell relocated its corporate headquarters in October 2019 to Charlotte, North Carolina. On July
1, 2019, Honeywell moved employees into a temporary headquarters building in Charlotte before their
new building was complete.[66]

Honeywell Forge launched as an analytics platform software for industrial and commercial
applications such as aircraft, building, industrial, worker and cyber-security.[67] In collaboration with
Carnegie Mellon University National Robotics Engineering Center, the Honeywell Robotics was
created in Pittsburgh to focus on supply chain transformation.[68] The Honeywell robotic unloader
grabs packages in tractor-trailers then places them on conveyor belts for handlers to sort.[69] GoDirect
Trade launched as an online marketplace for surplus aircraft parts such as engines, electronics, and
APU parts.[70] In March 2020, Honeywell announced that its quantum computer is based on trapped
ions, its expected quantum volume is at least 64; which Honeywell's CEO called the world's most
powerful quantum computer.[71][72] Honeywell announced the spinoff of its quantum division into a
separate company named "Quantinuum" in November 2021.[73][74]

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In March 2023, Honeywell announced Vimal Kapur as its next CEO, effective June 1, 2023.[75] In
December 2023, Honeywell acquired Carrier Global's security business for nearly $5 billion to boost
its automation portfolio.[76]

COVID-19 pandemic

In response to the COVID-19 pandemic, Honeywell converted some of its manufacturing facilities in
Rhode Island, Arizona, Michigan and Germany to produce supplies of personal protective equipment
for healthcare workers.[77][78] In April 2020, Honeywell began production of N95 masks at the
company's factories in Smithfield and Phoenix, aiming to produce 20 million masks a month.
Honeywell's facilities in Muskegon and Germany were converted to produce hand sanitiser for
government agencies.[79]

Several state governments contracted Honeywell to produce N95 particulate-filtering face masks
during the pandemic. The North Carolina Task Force for Emergency Repurposing of Manufacturing
(TFERM) awarded Honeywell a contract for the monthly delivery of 100,000 N95 masks. In April
2020, Los Angeles Mayor Eric Garcetti announced a deal with Honeywell to produce 24 million N95
masks to distribute to healthcare workers and first responders.[80][81]

United States President Donald Trump visited the Honeywell Aerospace facility in Phoenix on May 5
where he acknowledged the "incredibly patriotic and hard-working men and women of Honeywell"
for making N95 masks and referred to the company's production as a "miraculous
achievement".[82][83]

In April 2021, Will.i.am and Honeywell collaborated on Xupermask, a smart mask made of silicon and
athletic mesh fabric that has LED lights, 3-speed fans and noise-canceling headphones in the
mask.[84][85]

Business groups
The company operates four business groups – Honeywell
Aerospace, Honeywell Building Technologies, Safety and
Productivity Solutions (SPS), and Performance Materials
and Technologies (PMT).[64][86] Business units within the
company are as follows:[87][88]
Honeywell House (Innoteknia) in
Honeywell Aerospace provides avionics, aircraft engines, flight Kuopio Science Park in Kuopio,
management systems, and service solutions to manufacturers, Finland
airlines, airport operations, militaries, and space programs. It
comprises Commercial Aviation, Defense & Space, and Business &
General Aviation.[89][90][91] 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.[92]
In July 2014, Honeywell's Transportation Systems merged with the Aerospace division due to
similarities between the businesses.[93] In April 2018, Honeywell announced to develop laser
communication products for satellite communication in collaboration with Ball Aerospace and plans
future volume production. In June 2018 Honeywell spun off and rebranded its Transportation
Systems as Garrett.[94]

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Honeywell Building Technologies and Honeywell Safety

and Productivity Solutions were created when Automation
and Control Solutions was split into two in July 2016.[95][87]
Honeywell Building Technologies comprises Honeywell Building
Solutions, Environmental and Energy Solutions, and Honeywell
Security and Fire. On December 7, 2017, Honeywell announced
that it has acquired SCAME, an Italy-based company, to add new
fire and gas safety capabilities to its portfolio.[96] Honeywell
Safety and Productivity Solutions comprises Scanning & Mobility,
Sensing and Internet of Things, and Industrial safety.[97] A Honeywell wireless home alarm
system control panel
Honeywell Performance Materials and Technologies
comprises six business units: Honeywell UOP,[98] Honeywell
Process Solutions, Fluorine Products, Electronic Materials, Resins
& Chemicals, and Specialty Materials. Products include process
technology for oil and gas processing, fuels, films and additives,
special chemicals, electronic materials, and renewable transport
fuels.[99][100]

Corporate governance
Honeywell's current chief executive officer is Vimal
Kapur.[101][102] As of June 2023, the members of the board A Honeywell digital compass sensor
are:[103] mounted on a circuit board

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Vimal Kapur Chief executive officer

Darius Adamczyk Chairman

Duncan B. Angove Chief Executive Officer of Arcspring LLC[104]

William S. Ayer Retired chairman of the board and chief executive officer of Alaska Air Group
Kevin Burke Non-executive chairman of Consolidated Edison, Inc. (Con Edison)

Deborah Flint[105] President and chief executive officer of the Greater Toronto Airports Authority (GTAA)[104]
D. Scott Davis Chairman and chief executive officer of United Parcel Service, Inc. (UPS)

Rose Lee President and CEO Cornerstone Buildings Brands

Grace D. Lieblein Vice president of global purchasing and supply chain of General Motors Corporation (GM)

Robin L. Washington Executive vice president and chief financial officer of Gilead Sciences, Inc.

Robin Watson CBE Former chief executive officer of Wood Plc

Acquisitions since 2002

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

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Year Acquisition Business Group

LenelS2

Supra
2023 SPS
Onity

2021 Sparta Systems[106] PMT

Sine Group[107] HBT

2020
Ballard Unmanned Systems[108][109] Aerospace

Tru-Trak Flight Systems[110] Aerospace

2019
Rebellion Photonics SPS

2018 Transnorm[111][112] SPS

Nextnine[113] PMT

2017 SCAME Sistemi[114] HBT

FLUX[115][a] SPS

Com Dev[117] Aerospace

RSI[118] HBT

Intelligrated[119] SPS
2016
Xtralis[120] HBT

Movilizer[121] SPS

UOP Russell LLC[122] PMT

Seelze[123] PMT

Elster[124][125] PMT
2015
Aviaso[126] HBT

Datamax-O'Neil[127] SPS

Saia Burgess Controls[128][125] HBT

2013 Intermec[129] SPS

RAE Systems[130] SPS

Fire Sentry[131][132] HBT

2012 InnCom[133][134] HBT

Thomas Russell LLC[135] PMT

EMS[136] SPS/Aerospace

2011 Iris Systems[137] HBT

Kings Safety Shoes[138] SPS

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Year Acquisition Business Group

Akuacom[139][140] HBT

Matrikon[141] PMT
2010
E-Mon[142][143] HBT

Sperian[52] SPS

RMG[144] PMT
2009
Cythos[145] SPS

AV Digital Audio-Videotechnik GmbH[146] HBT

Energy Services Group, LLC[147] PMT

Metrologic[148] SPS
2008
IAC[149] Aerospace

Callidus[150] PMT

Norcross[151] SPS

Plant Automation Systems, Inc. (PAS)[152] PMT

Dimensions Int'l[153] Aerospace

ActiveEye[154] SPS

Burtek[155] PMT
2007
Ex-Or[156] HBT

Enraf Holdings B.V.[157] SPS

Handheld Products[158] SPS

Maxon Corporation[159] PMT

Sempra Energy Services[147] PMT

2006 First Technology[160] SPS

Gardiner Group[161] HBT

UOP LLC[51] PMT

Novar Controls[162] HBT

Zellweger[163] SPS
2005 Lebow SPS

Friedland HBT

InterCorr International, Inc.[164] SPS

Tridium, Inc.[165] HBT

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Year Acquisition Business Group

Hymatic Group[166] Aerospace

Genesis Cable[167] HBT

HomMed, LLC[168] SPS

Aube Technologies[169] HBT

2004
Vindicator[170] HBT

Electro-Radiation Incorporated (ERI)[171] Aerospace

Edgelinx[172] HBT

GEM Microelectronics[173] PMT

Silent Witness[174] HBT

Sensotec[175] SPS

Baker Electronics[176] Aerospace

Gamewell[177] HBT
2003
Olympo[178] HBT

FutureSmart[179] HBT

Kolon Films[180] PMT

Betatech[181] HBT

Invensys Sensor Systems[182] SPS

Chadwick Helmuth[183][184] Aerospace

2002 Ultrak[185] HBT

Mora Moravia[186] Aerospace

Shanghai Alarm[187] 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.[188] 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.[189] In 2001, Honeywell agreed to pay $150,000 in civil
penalties and to perform $772,000 worth of reparations for environmental violations involving:[190]

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

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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."[191] In the same
year, Honeywell paid $3.6 million to avoid a federal trial regarding its responsibility for
trichloroethylene contamination in Lisle, Illinois.[192] In 2004, the State of New York announced that
it would require Honeywell to complete an estimated $448 million cleanup of more than 74,000 kg
(165,000 lbs) of mercury and other toxic waste dumped into Onondaga Lake in Syracuse, New York,
from a former Allied Chemical property.[193] Honeywell established three water treatment plants by
November 2014, and the chemicals cleanup site removed 7 tons of mercury.[194] 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.”[195]
By December 2017, Honeywell completed dredging the lake[196] 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.[196]

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.[197] 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.[198]

In 2006, Honeywell announced that its decision to stop manufacturing mercury switches had resulted
in reductions of more than 11,300 kg (24,900 lb), 2800 kg (6200 lb), and 1500 kg (3300 lb)
respectively of mercury, lead, and chromic acid usage. The largest reduction represents 5% of mercury
use in the United States.[199] 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.[200]

Carbon footprint

Honeywell reported Total CO2e emissions (Direct + Indirect) for

the twelve months ending 31 December 2020 at 2,248 Kt (-89
/-3.8% y-o-y)[201] and aims to reach net zero emissions by
2035.[202]

Harvey Cox holding a Honeywell

fragmentation bomb (1973)

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Honeywell's annual total CO2e Emissions - Location-Based Scope 1 + Scope 2 (in

kilotonnes)
Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020

5,760[203] 5,262[204] 4,218[205] 2,584[206] 2,528[207] 2,337[208] 2,248[201]

Criticism
On March 10, 2013, The Wall Street Journal reported that Honeywell was one of sixty companies that
shielded annual profits from U.S. taxes.[209] In December 2011, the non-partisan liberal organization
Public Campaign criticized Honeywell International for spending $18.3 million on lobbying and not
paying any taxes during 2008–2010, instead getting $34 million in tax rebates, despite making a
profit of $4.9 billion, laying off 968 workers since 2008, and increasing executive pay by 15% to $54.2
million in 2010 for its top five executives.[210]

Honeywell has also been criticized in the past for its manufacture of deadly and maiming weapons,
such as cluster bombs.[211]

See also
Companies portal

List of Honeywell products and services

Top 100 US Federal Contractors

Explanatory notes
a. Honeywell acquired a 25% stake in FLUX and a 75% stake in a new joint venture focused outside
of China.[116]

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External links
Official website (https://www.honeywell.com)
Business data for Honeywell: Bloomberg (https://www.bloomberg.com/quote/HON:US) · Google
(https://www.google.com/finance?q=HON) · Reuters (https://www.reuters.com/markets/companie
s/HON.O) · SEC filings (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=773
840) · Yahoo! (https://finance.yahoo.com/quote/HON)

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