Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NASDAQ: HON) has elected Rose Lee to its board of directors as an independent director. Lee, currently the president and CEO of Cornerstone Building Brands, brings extensive ESG experience and a strong background in operations and technology. Her appointment aims to strengthen Honeywell's leadership and advance sustainability initiatives. Lee holds degrees from Cornell University, Rensselaer Polytechnic Institute, and MIT. Chairman Darius Adamczyk emphasized her commitment to inclusion and diversity as essential to Honeywell's transformation.

Honeywell (NASDAQ: HON) is set to release its fourth quarter financial results and provide guidance for 2022 on February 3, 2022, before the Nasdaq opens. A conference call will follow at 8:30 a.m. EST. Investors can join by dialing (301) 715-8592. A webcast of the call will be available at honeywell.com/investor, along with relevant materials. Honeywell specializes in aerospace products, control technologies, and performance materials, aiming to enhance connectivity and sustainability across industries.

Honeywell (Nasdaq: HON) and Acalvio Technologies have launched the Honeywell Threat Defense Platform (HTDP), designed to detect known and unknown cyber attacks in operational technology (OT) environments. With advanced active defense mechanisms and autonomous deception tactics, HTDP aims to protect critical systems across various sectors, including utilities and hospitals. A Honeywell survey revealed that 27% of facility managers faced cyber breaches in the past year. The solution is user-friendly and can be deployed in both on-premises and cloud environments, enhancing organizational cybersecurity.

Honeywell's refrigerant technology, Solstice^® ze (R-1234ze), is now powering a new cooling system at the Eiffel Tower. This upgrade replaces the older refrigerant R-407C, significantly reducing greenhouse gas emissions with an ultra-low GWP of 1. The installation meets EU regulations and enhances energy efficiency, reliability, and safety. The project aligns with Honeywell's commitment to sustainability and follows their $1 billion investment in low-GWP solutions. This initiative supports ongoing efforts to lower the carbon footprint of this iconic landmark.

Honeywell (NASDAQ: HON) has appointed George Koutsaftes as Chief Operating Officer of its Safety and Productivity Solutions (SPS) segment effective April 1, 2022. He will succeed John Waldron, who takes on a new senior role. Under Waldron's leadership, SPS grew sales from about $5.6 billion to approximately $8 billion since 2017, achieving a compound annual growth rate of 9%. Koutsaftes, previously leading a $3 billion business unit, has a strong record in growth and margin expansion, crucial for sustaining SPS's momentum.

Honeywell (NASDAQ: HON), in collaboration with SES and Hughes, has unveiled a significant advancement in high-speed airborne connectivity for military use through the JetWave MCX terminal. This solution employs SES’ medium earth orbit (MEO) satellites, showcasing robust data capabilities and security features essential for defense operations. During live demonstrations, the system achieved data rates exceeding 40 Mbps, fulfilling the rigorous communication demands of military personnel in challenging environments. The JetWave MCX is now available for immediate deployment.

Honeywell (Nasdaq: HON) has partnered with The University of Texas at Austin to enhance carbon dioxide capture technology, targeting power, steel, and cement industries. This technology utilizes advanced solvents to lower costs and boost efficiency in emissions reduction. Honeywell's existing capacity stands at 40 million tons of CO₂ captured annually. The collaboration aims to support regulatory compliance and sustainability goals, contributing towards carbon neutrality efforts by 2035. With immense market potential, the solution is designed to retrofit existing plants and improve project economics.

Honeywell has announced the acquisition of US Digital Designs, a company specializing in alerting and dispatch communications solutions, for approximately 14X EBITDA in an all-cash deal. The acquisition aims to enhance Honeywell's Fire and Connected Life Safety systems, improving first responders' situational awareness and reducing emergency response times. Honeywell anticipates achieving a return on investment exceeding 25% by the fifth year. The deal is expected to close in Q1 2022, subject to regulatory approvals, and will not affect Honeywell's financial guidance.

Honeywell (Nasdaq: HON) unveiled a new user-friendly monitor designed to alert users to potential risks of airborne virus transmission in indoor environments like schools and restaurants. This portable device tracks carbon dioxide levels and uses a proprietary algorithm based on research from the University of Colorado. It features a risk alerting system, three activity level settings, and is Bluetooth and WiFi-enabled. The monitor aims to enhance indoor air quality, which the CDC states is crucial for reducing disease spread. Honeywell's innovation complements its broader Healthy Buildings solutions.