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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 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 ...
For the first nine months of 2024, Honeywell's aerospace business reported revenue of $11.47 billion, accounting for about 40% of the firm's total sales for the period.
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 review includes exploring strategic alternatives, such as a potential separation of its Aerospace business. Honeywell plans to share updates with its fourth-quarter 2024 earnings release.
Honeywell Aerospace and Aerospace Industrial Development Corporation The International Turbine Engine Company LLC ( ITEC , formerly the International Turbine Engine Corporation ), is a joint venture between Honeywell Aerospace (formerly Garrett AiResearch , and later AlliedSignal ), and the Aerospace Industrial Development Corporation (AIDC).
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.
The Advanced Turbine Engine Company (ATEC) is an American aerospace joint venture created in 2006. A project of Honeywell International Inc. and Pratt & Whitney, ATEC was formed to compete for a government contract to create a 3,000 shaft horsepower engine to replace the existing 2,000 shaft horsepower T700 engine powering the U.S. Army's Sikorsky UH-60 Black Hawk and Boeing AH-64 Apache ...
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