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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. It generates approximately $10 billion in annual revenue from a 50/50 mix of ...
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina.It primarily operates in four areas of business: aerospace, building automation, industrial automation, and energy and sustainability solutions (ESS). [2]
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.
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 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 ...
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.
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]
The former Honeywell businesses had supplied defense products and systems to the U.S. and its allies for 50 years, including the first electronic autopilot for the B-17 aircraft's bombing missions during World War II. [6] In 1995, ATK entered the aerospace market with the acquisition of the Hercules Aerospace Co., a division of Hercules Inc.