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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.
He became president of Honeywell Process Solutions in 2012. After two years in this role, he then became president and CEO of Honeywell Performance Materials and Technologies in 2014. [3] In June 2016, it was announced that David M. Cote would step down as CEO of Honeywell at the end of March 2017 and Adamczyk would succeed him. Cote continued ...
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.
Kapur joined Honeywell in 1989, rising through the ranks of the building automation business and assuming the CEO position in June 2023. He added the role of chairman in June 2024. He added the ...
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 ...