Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NYSE: HON) announced its agreement to acquire Sparta Systems for $1.3 billion in cash. This acquisition enhances Honeywell's digital transformation and enterprise management software in the life sciences sector. The integration aims to leverage Sparta's advanced quality management software (QMS) capabilities, improving manufacturing processes and regulatory compliance for clients. The transaction is expected to close by the end of Q1 2021 and will not alter Honeywell's 2020 financial outlook. The acquisition is viewed as a strategic move to capture growth in life sciences and enhance existing software offerings.

Honeywell (NYSE: HON) and Signify have partnered to provide smart lighting solutions aimed at enhancing occupant experience in commercial buildings. This strategic alliance integrates Signify's advanced lighting systems with Honeywell's Building Management Systems, focusing on energy efficiency and air quality. Notable features include UV-C disinfection lighting, which has been shown to reduce the SARS-CoV-2 virus infectivity on surfaces significantly. The collaboration is expected to save up to 70% energy for lighting and identify occupancy and air quality metrics through the Healthy Buildings dashboard, enhancing overall productivity.

Honeywell (NYSE: HON) has launched a new reusable, three-dimensional knitted face cover featuring replaceable filters. The face cover includes a hidden pocket for a protective filter that blocks up to 97% of particles. Designed for comfort and breathability, it incorporates a seamless 3D knit design and adjustable features for various face shapes. Alongside the face cover, Honeywell offers Safety Packs that include disposable masks and gloves. This initiative aligns with Honeywell's strategy to provide solutions that support the recovery of the global economy.

Honeywell (NYSE: HON) has acquired Sine Group, a SaaS company based in Adelaide, Australia, specializing in visitor management and workplace solutions. This acquisition aims to enhance Honeywell Forge, its enterprise performance management platform, and improve Connected Buildings offerings. Sine's mobile technology supports touchless check-in, safety, and compliance across various industries. The combined solutions are expected to bolster operational efficiency and safety for clients globally. Financial terms were not disclosed, and Honeywell's 2020 financial guidance remains unchanged.

Honeywell (NYSE: HON) has launched the Honeywell Air Detective, a handheld particle analyzer designed to assess indoor air quality. This innovative device, which utilizes artificial intelligence and cloud computing, aids HVAC service providers and environmental professionals in identifying the types and quantities of airborne particles, including allergens and spores, affecting over 400 million people globally. By providing real-time evaluations via a mobile app, it enhances decision-making for improving air quality, representing a significant advancement in environmental and HVAC solutions.

Honeywell (NYSE: HON) has launched a new catalyst, CHOC4, for aircraft cabin air systems. This fourth-generation technology aims to reduce undesirable odors caused by volatile organic compounds (VOCs) in bleed air, potentially saving airlines up to $50 million annually in flight disruptions and unscheduled maintenance. CHOC4 outperforms existing solutions by removing 2 to 3 times more VOCs and effectively handling ozone at lower temperatures. Initially available for Airbus A320, it will expand to other aircraft platforms in 2021.

Honeywell (NYSE: HON) has announced that Torsten Pilz, senior vice president and chief supply chain officer, will present at the Credit Suisse 8th Annual Virtual Industrials Conference on December 3, 2020, from 10:10 a.m. to 10:40 a.m. EST. A real-time audio webcast will be available at Honeywell's investor site, including a replay for 30 days after the event. Honeywell is a Fortune 100 technology company delivering aerospace, building control technologies, and performance materials globally.

Honeywell (NYSE: HON) announced its third live leadership webcast for investors, scheduled for December 1, 2020, from 9:30 a.m. to 11:00 a.m. EST. The session will include insights from Darius Adamczyk, CEO; Greg Lewis, CFO; and Anne Madden, SVP, along with analyst Steve Tusa from J.P. Morgan. Investors can join via a conference call or through a real-time audio webcast available on the company’s investor relations website, along with a replay accessible for 30 days post-event.