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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 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 ...
Elliott's central argument is that Honeywell's conglomerate structure is no longer suitable, and separating the company into two new companies focused on aerospace and automation is in the best ...
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. [18]
The former Honeywell businesses had supplied defense products and systems to the U.S. and its allies for 50 years, including the first electronic autopilot for the B-17 aircraft's bombing missions during World War II. [6] In 1995, ATK entered the aerospace market with the acquisition of the Hercules Aerospace Co., a division of Hercules Inc.
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 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's (HON) acquisition of Rocky Research is anticipated to enhance its product offerings in the power and thermal management space. It will be part of Honeywell's Aerospace segment.