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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 ...
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 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 ...
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 ...
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 Honeywell HTF7000 is a turbofan engine produced by Honeywell Aerospace. Rated in the 6,540–7,624 lbf (29.09–33.91 kN) range, the HTF7000 is used on the Bombardier Challenger 300/350, Gulfstream G280, Embraer Legacy 500/450 and the Cessna Citation Longitude. Its architecture could be extended for a range of 8,000 to 10,000 lbf (36 to 44 ...
Sales in Honeywell's aerospace unit, its biggest, rose 8.8% to $2.77 billion in the second quarter ended June 30, while revenue in its performance materials and technologies business that serves ...
The Advanced Turbine Engine Company (ATEC) is a 50/50 joint venture created in 2007 between Honeywell Aerospace and Pratt & Whitney Military Engines. ATEC completed a Core Engine (High Pressure system only) test in mid-2011 on the two-spool HPW3000 and completed Gas Generator (both High and Low Pressure systems) testing in January 2012.