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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.

News

Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5 Billion Pre-Money Valuation

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Honeywell announced a $300 million equity fundraise for Quantinuum, the world's leading integrated quantum computing company, with participation from JPMorgan Chase, Mitsui, Amgen, and Honeywell. This investment brings the total capital raised by Quantinuum to approximately $625 million. The funds will be used to accelerate the path towards achieving the world's first universal fault-tolerant quantum computers and to extend Quantinuum's software offering. JPMorgan Chase, Mitsui, and Amgen expressed confidence in Quantinuum's new ventures in fault-tolerant quantum computing and quantum software development. Quantinuum's technologies are used by leading companies such as Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui, and Thales.
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HONEYWELL AND NXP SEMICONDUCTORS COLLABORATE TO HELP ENHANCE BUILDING ENERGY MANAGEMENT

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Honeywell (HON) and NXP Semiconductors N.V. (NXPI) have signed a Memorandum of Understanding (MOU) to optimize commercial buildings' energy consumption using machine learning and data analytics. The collaboration aims to integrate NXP's neural network-enabled applications processors into Honeywell's building management systems to enhance building autonomy and energy efficiency. The goal is to deliver smart energy solutions powered by AI/machine learning and data analytics to guide service technicians and drive energy efficiency. Honeywell will utilize NXP's semiconductor and software solutions to observe, learn, and adapt in real time, enhancing analytics and decision-making for improved sustainability outcomes.
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Honeywell and Analog Devices Team Up to Drive Transformative Innovation, Beginning with Building Automation

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Honeywell (HON) and Analog Devices, Inc. (ADI) have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring. This strategic alliance aims to reduce cost, waste, and downtime, bringing new technology to building management systems for the first time. The collaboration will allow building owners to upgrade and enhance their wiring without a significant upfront investment, and with less labor and environmental impact. Honeywell plans to adopt ADI's single-pair Ethernet (T1L) and software configurable input/output (SWIO) solutions in its building management systems.
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HONEYWELL TO RELEASE FOURTH QUARTER FINANCIAL RESULTS AND ANNOUNCE 2024 OUTLOOK DURING ITS INVESTOR CONFERENCE CALL ON THURSDAY, FEBRUARY 1

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Honeywell (HON) will release its fourth quarter financial results and 2024 outlook before the opening of the Nasdaq Stock Market on Thursday, February 1. The company's business is aligned with powerful megatrends such as automation, the future of aviation, and energy transition. Honeywell is a trusted partner, providing actionable solutions and innovations that make the world smarter, safer, and more sustainable.
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Carrier Announces Agreement to Sell Global Access Solutions Business to Honeywell for $4.95 Billion

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Carrier Global Corporation (CARR) has entered into a definitive agreement to sell its security business, Global Access Solutions, to Honeywell (HON) for an enterprise value of $4.95 billion. The sale represents approximately 17x 2023 expected EBITDA and is a part of Carrier's portfolio transformation strategy. The net proceeds from the transaction are expected to be approximately $4 billion, which Carrier plans to use to pay down debt and resume share repurchases as soon as its net leverage returns to approximately 2x EBITDA.
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Honeywell to Strengthen Building Automation Business with Acquisition of Carrier's Global Access Solutions

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Honeywell (HON) announced the acquisition of Carrier Global Corporation's (CARR) Global Access Solutions business for $4.95 billion in an all-cash transaction. The purchase price represents approximately 13x 2023E EBITDA, inclusive of tax benefits and run-rate cost synergies. The acquisition will enhance Honeywell's building automation capabilities, strengthening its strategic alignment to the megatrend of automation and will be immediately accretive to growth, gross margins, and operating margins. By the fifth full year of ownership, the acquisition is expected to achieve a double-digit cash-ROIC.
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HONEYWELL'S AUGMENTED REALITY SOLUTION HELPS SET THE STAGE FOR EFFORTLESS HOLIDAY SHOPPING EXPERIENCES

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Honeywell (HON) announced the latest release of its SwiftDecoder™ barcode-decoding software, designed to optimize retail operations and efficiency, transforming camera-enabled devices into efficient barcode scanners. The software seamlessly integrates augmented reality plug-ins into both store associate- and customer-facing applications, boosting productivity and providing a frictionless checkout experience. This technology can revolutionize the customer journey, reshape the retail landscape, and create unique shopping experiences, influencing customer loyalty and increasing overall sales potential.
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Honeywell Appoints Michael W. Lamach to Board of Directors

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Honeywell (HON) appoints Michael W. Lamach, former executive chair of Trane Technologies plc, to its board of directors as an independent director and Audit Committee member. Lamach brings extensive industry knowledge and customer experience, particularly in automation and energy efficiency, to the Honeywell board.
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HONEYWELL PROVIDING ADVANCED FLIGHT CONTROLS FOR AIBOT'S ELECTRIC AIRCRAFT

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Honeywell (NASDAQ: HON) has been selected by AIBOT to provide its Compact Fly-By-Wire (cFBW) system to support AIBOT's fully electric vertical takeoff and landing (eVTOL) aircraft. This technology will enable the next generation of aircraft avionics, creating a sustainable transportation ecosystem. The Compact Fly-By-Wire system is lightweight, the size of a paperback book, providing greater flexibility in aircraft design without compromising power or safety. It enables seamless remote operation of the aircraft, guarantees safe operations, and is well-suited for stabilizing uniquely designed unmanned vehicles. AIBOT's aircraft is powered by eight electric motors and will accommodate up to six passengers and a pilot, with a target maximum range of 250 miles and a top cruise speed of 250 mph, suitable for short-haul use cases between cities and metropolitan areas. AIBOT plans to kick off the production of fully autonomous heavy unmanned aircraft in 2024 and the inaugural flight of manned aircraft in 2025, with full product delivery expected by 2028.
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HONEYWELL'S ADVANCED AIR MOBILITY BUSINESS REACHES $10 BILLION IN WINS TO HELP BUILD THE FUTURE OF SUSTAINABLE FLIGHT

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Honeywell (NASDAQ: HON) Secures $10 Billion in Contracts for Advanced Air Mobility (AAM) Unit
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FAQ

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

The current stock price of Honeywell International (HON) is $228.99 as of November 15, 2024.

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

The market cap of Honeywell International (HON) is approximately 133.1B.

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.

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Honeywell International, Inc.

Nasdaq:HON

HON Rankings

#95 Ranked by Market Cap
#1392 Ranked by Dividends

HON Stock Data

133.07B
650.25M
0.09%
80.79%
1.23%
Conglomerates
Aircraft Engines & Engine Parts
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United States of America
CHARLOTTE