Honeywell International, Inc. - HON STOCK NEWS

Pittsburgh International Airport has partnered with Honeywell (NYSE: HON) to implement air quality improvement technology at its innovation center, xBridge. This makes it the first U.S. airport to deploy Honeywell's Healthy Buildings dashboard and air quality sensors. The system monitors indoor air quality parameters and enables real-time updates to enhance safety and comfort for passengers and staff. Honeywell Forge software will assist in the efficient maintenance of air filters. This collaboration aims to address public health concerns raised by COVID-19 while improving overall airport operations.

Honeywell (NYSE: HON) is advancing inertial sensor technology with support from DARPA. The new sensors aim to exceed the accuracy of the current HG1930 IMU, used extensively in tactical applications. These MEMS-based sensors promise a precision level over 50 times greater than existing models while maintaining a similar size. The development aligns with DARPA’s PRIGM TIGM program, targeting both military and commercial uses, including urban air mobility. Although commercial release is several years away, Honeywell's longstanding innovation in this space positions it well for future market demands.

Honeywell (NYSE: HON) announced its agreement to sell its performance and lifestyle footwear business to Rocky Brands for approximately $230 million. This divestiture, involving five brands including The Original Muck Boot Company and XTRATUF, is expected to close by the end of Q1 2021. CEO John Waldron highlighted the brands' strong market presence and expressed confidence in Rocky Brands' expertise to enhance their growth. The transaction will not impact Honeywell's financial guidance and continues its focus on core industrial safety footwear products.

Honeywell, Atrium Health, Tepper Sports & Entertainment, and the Charlotte Motor Speedway have formed a partnership with the State of North Carolina, aiming for 1 million COVID-19 vaccinations by July 4, 2021. This initiative, supported by Gov. Roy Cooper, will leverage resources from various organizations to ensure efficient vaccine distribution, particularly for underserved communities. Venues like Bank of America Stadium and Charlotte Motor Speedway will host vaccination events. The collaboration emphasizes the urgency of vaccinating populations to combat the COVID-19 pandemic effectively.

Honeywell (NYSE: HON) has launched a new all-electric Cabin Pressure Control and Monitoring System (CPCMS) for aircraft, focusing on lighter weight, reliability, and cost efficiency. The system weighs under six pounds, 30% lighter than its predecessor, and includes advanced failure detection capabilities. Honeywell secured a contract with Piaggio Aerospace for integration into the P.180 Avanti Evo, with deliveries starting in Q3 2021. The new system enhances passenger comfort through improved pressure management, reflecting Honeywell's 75 years of experience in aerospace technology.

Honeywell (NYSE: HON) will announce its fourth quarter financial results and 2021 outlook on January 29, 2021, before the NYSE opens. A conference call will be held at 8:30 a.m. EST for investors to discuss the results. Participants can join by calling the provided numbers approximately ten minutes before the start time. A replay will be available from January 29 to February 5. The financial update will provide insights into Honeywell’s performance and guidance for the upcoming year.

Honeywell (NYSE: HON) has secured a significant five-year agreement with Sichuan Airlines to supply 131-9A auxiliary power units (APUs) for its A320 fleet. This deal includes 93 new A320 aircraft and retrofitting 141 existing ones, marking the largest APU retrofit in Honeywell's history. The 131-9A APU is designed to enhance operational efficiency and minimize flight delays, contributing to a better passenger experience. Honeywell has a long-standing reputation, with over 15,000 units of this model shipped since its introduction in 1995, and aims to support the recovery of the aviation industry post-COVID-19.

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.