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Honeywell International, Inc. - HON STOCK NEWS

Welcome to our dedicated page for Honeywell International news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell International stock.

Honeywell International Inc. (NASDAQ: HON) is a leading American multinational conglomerate headquartered in Charlotte, North Carolina. The company operates across four main sectors: Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Established in 1885, Honeywell has evolved into a global giant known for its innovative and diverse range of products and services.

Aerospace: Honeywell's aerospace segment provides advanced avionics, aircraft engines, and related systems. A recent highlight includes the acquisition of Civitanavi Systems S.p.A., enhancing Honeywell's capabilities in autonomous operations for aircraft and other vehicles.

Building Technologies: This division focuses on integrated automation solutions for buildings, including fire, security, and energy-efficient systems. The recent purchase of Carrier Global Corporation's security business, Global Access Solutions, further strengthens its portfolio in this sector.

Performance Materials and Technologies: This segment offers high-performance materials, process technologies, and automation solutions. Honeywell's innovative hydrocracking technology is now being used to produce sustainable aviation fuel (SAF), significantly reducing carbon emissions.

Safety and Productivity Solutions: Honeywell provides productivity-enhancing software, including its newly updated Guided Work Solutions, which now integrates AI and machine learning to improve retail operations. The company’s Battery Manufacturing Excellence Platform (Battery MXP) is another AI-powered solution aimed at optimizing gigafactory operations.

Honeywell's financial performance remains robust, with steady sales growth and a strong balance sheet. Recent quarterly results show a year-over-year sales increase of 3%, driven by growth in its Aerospace and Energy and Sustainability Solutions segments. The company is actively embracing three major trends: automation, the future of aviation, and energy transition, supported by its Honeywell Accelerator operating system and Honeywell Connected Enterprise software platform.

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Honeywell (NYSE: HON) has launched its Connected Life Safety Services (CLSS), an innovative cloud platform designed for fire safety systems. This suite aids fire technicians in enhancing compliance and efficiency, addressing challenges like reduced resources and limited facility access amidst the pandemic. The tools allow for real-time monitoring and reporting, improving system commissioning and maintenance while ensuring cybersecurity. Noteworthy partners, such as Firetron and EDSB Group, are already utilizing CLSS for better compliance and operational efficiency.

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Honeywell (NYSE: HON) will announce its third quarter financial results on October 30, before the NYSE opens. A conference call will follow at 8:30 a.m. EDT to discuss these results. Participants can join the call by dialing specific numbers for domestic and international audiences. For those unable to attend the live call, a replay will be available for one week after the initial call. Investors can also access presentation materials and the live audio webcast at Honeywell's investor relations website.

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Honeywell (NYSE: HON) has acquired assets from Ballard Unmanned Systems, a subsidiary of Ballard Power Systems. The acquisition includes key intellectual property, inventory, and equipment, with the existing team joining Honeywell. This move underscores Honeywell's commitment to the growing unmanned aerial systems (UAS) market, allowing for the production of scalable power systems that use hydrogen fuel cells. These systems enhance UAS capabilities by providing longer flight durations and zero emissions. Financial terms remain undisclosed, and the acquisition does not affect Honeywell's third-quarter 2020 outlook.

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Honeywell (NYSE: HON) has successfully installed its 100th biomethane grid injection station for GRDF, the main gas distribution operator in France, marking a significant milestone in promoting renewable energy. These stations facilitate the injection of biomethane into the gas network, emphasizing local production from organic waste. With over 210 stations implemented across Europe, Honeywell's advanced technology supports the energy sector's transition towards sustainability. The capacity achieved by these stations can now heat approximately 500,000 households, showcasing Honeywell's leadership in biogas technology.

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Honeywell has secured a five-year IDIQ contract for repairing and overhauling T55-GA-714A engines used in the U.S. Army's CH-47 Chinook helicopters. This contract aims to enhance the operational readiness of the Chinook fleet. The services will be performed at Honeywell's new facility in Phoenix, which boasts improved maintenance capabilities and potential surge output of up to 20 engines monthly. The company has also initiated enhancements to increase engine horsepower, reducing fuel consumption and maintenance hours.

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Honeywell (NYSE: HON) has acquired Rocky Research, a Boulder City, Nevada-based firm specializing in thermal and power management solutions. This acquisition enhances Honeywell's portfolio in the growing power and thermal management market and integrates Rocky Research's R&D capabilities with its own engineering expertise. The company aims to improve performance in critical sectors like aerospace and defense, especially for aircraft electrification and autonomous vehicles. The deal's terms were not disclosed, with no impact on Honeywell's third-quarter outlook.

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Honeywell's 29th annual Global Business Aviation Outlook predicts up to 7,300 new business jet deliveries valued at $235 billion from 2021 to 2030, a 4% decline from last year. Despite this drop, 80% of business jet operators indicate their purchase plans remain unchanged due to COVID-19. The report suggests a 13% increase in deliveries in 2021 compared to 2020, with an expected recovery to 80%-85% of 2019 usage levels by Q4 2020. The survey reveals 30% of planned purchases will occur within the next two years.

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Honeywell (NYSE: HON) announced collaboration with the Carolina Panthers to enhance safety for players, fans, and staff at Bank of America Stadium. This partnership includes providing personal protective equipment (PPE) packs and deploying air quality monitoring solutions via a real-time Healthy Buildings dashboard. This dashboard will allow facilities staff to monitor air quality factors such as carbon dioxide levels, temperature, and humidity, ensuring a safe environment for attendees. Honeywell also sponsors the Panthers' 'Behind the Scenes' video series, emphasizing community relations.

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Honeywell (NYSE: HON) announced a cash dividend increase from $3.60 to $3.72 per share, effective for the fourth-quarter dividend of $0.93 per share, payable on December 4, 2020. This marks the 11th consecutive year of dividend increases, demonstrating Honeywell's commitment to delivering value to shareholders amidst economic challenges. The record date for this dividend is November 13, 2020.

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FAQ

What is the current stock price of Honeywell International (HON)?

The current stock price of Honeywell International (HON) is $227.14 as of December 23, 2024.

What is the market cap of Honeywell International (HON)?

The market cap of Honeywell International (HON) is approximately 147.1B.

What are Honeywell's main business segments?

Honeywell operates in four main segments: Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.

Where is Honeywell headquartered?

Honeywell International Inc. is headquartered in Charlotte, North Carolina.

What recent acquisitions has Honeywell made?

Honeywell recently acquired Civitanavi Systems S.p.A. to enhance its autonomous operations capabilities and Carrier Global Corporation's Global Access Solutions business to boost its security solutions portfolio.

How is Honeywell contributing to sustainable aviation fuel?

Honeywell's hydrocracking technology is used to produce sustainable aviation fuel (SAF) with significantly reduced carbon intensity compared to traditional fossil-based jet fuels.

What innovations are Honeywell implementing in retail operations?

Honeywell has updated its Guided Work Solutions with AI-driven speech technology to improve operational efficiency and customer experiences in retail.

What financial performance did Honeywell report recently?

Honeywell reported a 3% year-over-year sales growth in the latest quarter, with strong performance in Aerospace and Energy and Sustainability Solutions.

What are the key trends Honeywell is focusing on?

Honeywell is aligning its portfolio with three major trends: automation, the future of aviation, and energy transition.

What is Honeywell Forge?

Honeywell Forge is an enterprise performance management software solution that leverages Honeywell's expertise in various industries like buildings and airlines.

What is the Honeywell Accelerator operating system?

The Honeywell Accelerator is an operating system designed to enhance business processes and support Honeywell's growth in automation, aviation, and energy transitions.

How is Honeywell addressing battery manufacturing challenges?

Honeywell's Battery Manufacturing Excellence Platform (Battery MXP) uses AI to optimize gigafactory operations, improve battery cell yields, and reduce material scrap rates.

Honeywell International, Inc.

NYSE:HON

HON Rankings

HON Stock Data

147.07B
649.61M
0.09%
80.66%
1.64%
Conglomerates
Aircraft Engines & Engine Parts
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United States of America
CHARLOTTE