Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NYSE: HON) has integrated aircraft record generation into its blockchain ledger, transforming documentation processes in the aerospace sector. This allows airlines to easily search and retrieve vital records, such as airworthiness certificates, enhancing efficiency. The blockchain stores actual form data securely, providing real-time access to users and simplifying recordkeeping. Since its launch in 2018, Honeywell's GoDirect Trade platform has seen over $8 million in transactions, with 7,000 active users. Honeywell aims to make aerospace recordkeeping more collaborative and digital.

Honeywell International (NYSE: HON) has declared a quarterly dividend of $0.90 per share, payable on September 4, 2020, to shareholders of record as of August 14, 2020. This decision reflects the company's commitment to returning value to its shareholders amidst a challenging economic environment. Honeywell is known for its diverse technological solutions across various industries, contributing to making the world smarter and more sustainable.

Honeywell (NYSE: HON) announced its partnership with Cairn Oil & Gas, a leading E&P company in India, to implement Honeywell Forge enterprise performance management software. This initiative aims to enhance decision-making, boost productivity, and enable remote operations. In a pilot, the software improved shift handover efficiency by 50%. Honeywell Forge supports digitalization and operational continuity, crucial for maintaining production during the pandemic. Cairn has implemented this technology across its sites, marking a significant step in its digital operations strategy.

Honeywell (NYSE: HON) announced that Greg Lewis, senior vice president and CFO, will present at the Jefferies Virtual Industrials Conference on August 5, 2020, from 8:00 a.m. - 8:30 a.m. EDT. A real-time audio webcast of the presentation will be available at honeywell.com/investor, along with related materials posted before the event. A replay will be accessible for 30 days afterward. Honeywell is a Fortune 100 technology company delivering innovative solutions in aerospace, building controls, and performance materials.

Honeywell (NYSE: HON) reported a 19% decline in Q2 2020 sales, impacted by COVID-19 and oil price volatility, with adjusted EPS at $1.26. Cost management led to $500 million savings, and the company expects total savings of $1.4 to $1.6 billion. Notably, sales in defense, warehouse automation, and personal protective equipment saw growth. Aerospace sales dropped 27% due to lower commercial demand. Honeywell ended the quarter with $15.1 billion in cash. Full financial guidance is suspended due to market uncertainties.

Honeywell (NYSE: HON) has launched the HGuide n380, an innovative inertial navigation system designed for autonomous vehicles and unmanned aerial vehicles (UAVs). This system delivers position, orientation, and velocity data even when satellite signals are not available. It is smaller, lighter, and more affordable than previous models, crafted to endure harsh environments. The HGuide n380 integrates Honeywell's advanced inertial measurement unit, GNSS receiver, and proprietary sensor fusion software, enhancing navigation accuracy in challenging conditions.

Honeywell (NYSE: HON) is set to release its second quarter financial results on July 24, 2020, prior to the opening of the New York Stock Exchange. A conference call will follow at 8:30 a.m. EDT, allowing investors and analysts to discuss the results. The call can be accessed domestically at (866) 548-4713 and internationally at (323) 794-2093. A replay will be available until July 31, and a real-time audio webcast will be accessible on the Honeywell investor website. Honeywell continues to innovate across various sectors, emphasizing safety and sustainability.

According to a recent Honeywell study, over half of U.S. companies plan to invest in automation to adapt to market changes driven by the COVID-19 pandemic. Industries such as e-commerce (66%), grocery (59%), and logistics (55%) are leading this trend. The study revealed that while many companies experienced positive outcomes from automation, cost remains a significant barrier, with more than half of the consumer-packaged goods sector citing it as a major hurdle. However, companies see automation as essential for competitiveness, with expectations for investments in warehouse execution software, order picking technology, and robotic solutions.

Honeywell (NYSE: HON) has released the latest Industrial USB Threat Report, highlighting a significant increase in cybersecurity threats targeting operational technology (OT) systems. Over the past year, threats rose from 16% to 28%, with threats capable of causing major disruptions more than doubling from 26% to 59%. USB removable media is a critical attack vector, with 20% of threats leveraging it. Honeywell recommends implementing robust cybersecurity measures, including its Secure Media Exchange technology and the Honeywell Forge Cybersecurity Suite, to mitigate these risks.