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Honeywell said that it may calve its aerospace division from the conglomerate, sending shares up more than 2% before the opening bell Monday. The announcement arrives about one month after Elliott ...
The aerospace unit is Honeywell's biggest revenue generator, accounting for about 40% of the company's total revenue in 2024, and counts Boeing and Airbus among its customers.
Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa.
The company's first major product was an oil cooler for military aircraft. Garrett designed and produced oil coolers for the Douglas DB-7. [9] Boeing's B-17 bombers, credited with substantially tipping the air war in America's and Great Britain's favor over Europe and the Pacific, were outfitted with Garrett intercoolers, as was the B-25. [12]
Honeywell C-1 autopilot control panel Minneapolis-Honeywell Aeronautical Division logo from 1944 Garrett AiResearch's (now part of Honeywell) first major product was an oil cooler for military aircraft that allowed the Douglas DB-7 , and Boeing 's B-17 and B-25 bombers to fly at higher altitudes. [ 19 ]
Honeywell offers a number of products and services across its four business groups: Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), and Performance Materials and Technologies (PMT). This is a partial list of products manufactured and services offered by Honeywell.
The aerospace unit is Honeywell's biggest revenue generator, accounting for about 40% of the company's total revenue in 2024, and counts Boeing and Airbus among its customers.
Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the ...