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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 ...
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 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 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.
A World War II-era Honeywell C-1 autopilot control panel. 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.
Honeywell Aerospace: The company will be a "pure play aerospace" supplier. The aerospace unit is Honeywell's biggest revenue generator, accounting for about 40% of the company's total revenue in ...
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 operational upheaval at Honeywell comes amid pressure from activist investor Elliott Management, which has a stake of about $5 billion. The firm disclosed its investment in November.