Honeywell International, Inc. - HON STOCK NEWS

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.

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.

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.

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.

Honeywell (NYSE: HON) has announced a live leadership webcast for investors featuring a discussion with John Waldron, president and CEO of Honeywell Safety and Productivity Solutions, and Nigel Coe, managing director at Wolfe Research. Scheduled for September 8, 2020, from 2:00 p.m. to 2:30 p.m. EDT, the event aims to provide insights into the company's strategic direction. Investors can join the call by dialing (312) 626-6799 or access it via the company's Investor Relations website, where a replay will be available for 30 days.

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.