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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 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 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]
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.
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.
COM DEV International was founded in 1974 and specialized in microwave technology for the aviation and aerospace industry.The company would go on to become a leader in space satellite componentry and hardware, specializing in telecommunication systems; [3] a global designer and builder of telecommunication components and systems for space satellites; as well as one of Canada's largest sources ...
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.