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A 1990 Honeywell-Bull Entry Level Mainframe DPS 7 mainframe. In April 1955, Minneapolis-Honeywell started a joint venture with Raytheon called Datamatic to enter the computer market and compete with IBM. [12]: 118 In 1957, their first computer, the DATAmatic 1000, was sold and installed. In 1960, just five years after embarking on this venture ...
The firm was reorganized and its name changed to Honeywell Heating Specialties Company in 1916, and it began to produce automatic temperature controls. By 1927, company sales were more than $1.5 million and 450 people worked in the Wabash factory. Mr. Honeywell's competitor was W.R. Sweatt and his Minneapolis Heat Regulator Company.
Honeywell C-1 autopilot control panel Minneapolis-Honeywell Aeronautical Division logo from 1944. Garrett AiResearch's (now part of Honeywell) first major product was an oil cooler for military aircraft that allowed the Douglas DB-7, and Boeing's B-17 and B-25 bombers to fly at higher altitudes. [17]
[1] [7] Under his leadership, the company underwent a transformation, diversifying its operations and changing its name to Honeywell. [8] During Wishart's tenure, Honeywell's revenue increased from $200 million to over $400 million, and profits grew from $10 million to $26 million. [8] Wishart retired from his position at Honeywell in 1965. [8]
The two companies had patents which blocked each other from further growth. They merged to form the Minneapolis-Honeywell Regulator Company, [3] with Sweatt as chairman and Honeywell as president. As of 2007, Honeywell International, Inc., the corporate descendant of Minneapolis-Honeywell, is a global business with more than 100,000 employees.
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The Honeywell Project was a peace group based in Minneapolis, Minnesota, United States that existed from the late 1960s until around 1990.During its existence, the organization waged a campaign to convince the board and executives of the Honeywell Corporation to convert their weapons manufacturing business to peaceful production.
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