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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 ...
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 ...
Honeywell Aerospace Technologies is a manufacturer of aircraft engines and avionics, [1] as well as a producer of auxiliary power units (APUs) and other aviation products. Headquartered in Phoenix, Arizona , it is a division of the Honeywell International conglomerate.
Also sold—to Honeywell—was Sperry Aerospace Group, while Sperry Defense Products Group was sold to Loral; those two units whose functions were originally at the heart of the venerable Sperry Gyroscope division. [20] [failed verification] [21] [failed verification] [22] [failed verification] This group is now part of Lockheed Martin.
Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies.
Elliott's central argument is that Honeywell's conglomerate structure is no longer suitable, and separating the company into two new companies focused on aerospace and automation is in the best ...
AlliedSignal, Inc. was an American aerospace, automotive and engineering company, created through the 1985 merger of Allied Corp. and The Signal Companies. It purchased Honeywell for $14.8 billion in 1999, and adopted the Honeywell name and identity. AlliedSignal was a member of the Dow Jones Industrial Average from 1985 until February 19, 2008.