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Civil Service: Honeywell Aerospace
Civil Service Leveraging its fixed-wing and military products, Honeywell Aerospace is expanding its offerings for civil rotorcraft By Robert W. Moorman espite the softening of civil The Honeywell HTS900 engine provides a high performance capability for the Bell 407HP, helicopter sales, Honeywell particularly at high altitude and hot ambient temperatures. (All photos courtesy of Honeywell DAerospace continues its long- Aerospace) term strategy to penetrate this sector Honeywell and Honeywell new helicopters supporting the oil and with numerous products ranging from BendixKing avionics, sensors and safety gas business particularly are down and sophisticated avionics and sensors products are on Leonardo Helicopters’ will remain flat for the next few years. to engines, safety and satellite-based AgustaWestland AW139, the Sikorsky The projected drop in deliveries will be connectivity technology. S-92 and S-76 variants, the Bell 429, and concentrated in the light-twin, medium- At a recent presentation, Honeywell on smaller, single-engine helicopters. twin and heavy-twin product classes. President and CEO Tim Mahoney said In addition to forward-fit products, In its 18th Annual Turbine Powered now was the time for the company to Honeywell has numerous supplemental Civil Helicopter Purchase Outlook, invest in the vertical-flight industry, so type certificates (STCs) for several Honeywell forecasts 4,300 to 4,800 as to be prepared when the oil and gas civil helicopters, including the Airbus civilian-use helicopters will be business recovers. Helicopters AS350, EC135 and Bell 407. delivered from 2016 to Among the key points in his Honeywell’s commitment to 2020, roughly 400 presentation, Mahoney noted that the the civil rotorcraft sector is laced helicopters lower company’s sales in avionics is up 6% with cautious optimism, than the 2015 five- vs. -
The History of Bendix Commercial Vehicle Systems LLC
A Legacy Of Achievement … A Future With Promise The History Of Bendix Commercial Vehicle Systems LLC Bendix Commercial Vehicle Systems LLC, a member of the Knorr-Bremse group, develops and supplies leading-edge active safety technologies, air brake charging, and control systems and components under the Bendix ® brand name for medium and heavy duty trucks, tractors, trailers, buses, and other commercial vehicles throughout North America. An industry pioneer, employing more than 2,000 people, we are driven to deliver solutions for improved vehicle performance, safety, and overall operating costs. Our two primary market segments are Original Equipment Manufacturing (OEM) and Aftermarket (AM). Our OEM operation produces original equipment for major worldwide truck and engine manufacturers such as PACCAR, Detroit Diesel, Volvo, Mack, Daimler Trucks North America and Navistar International. The Aftermarket operations remanufacture a wide range of air brake components as well as stocking new replacement parts, both of which are distributed to independent distributors, OEM parts distribution centers and dealers, and government and foreign customers. In addition to our multi-building operations in Huntington, Indiana, manufacturing and distribution centers are strategically located across North America in Bowling Green, Kentucky; Acuña, Mexico; Sparks, Nevada; Mexico City, Mexico; along with Vancouver and Montreal, Canada. A Legacy Of Achievement Today’s Bendix ® automotive businesses began producing air brakes in a small corner of the Westinghouse Union Switch and Signal Company in Pennsylvania in the early 1920s. By 1930, Bendix Aviation Company and Westinghouse Air Brake joined forces to form Bendix- Westinghouse Automotive Air Brake Company, located in Wilmerding, Pennsylvania to produce air brakes for heavy vehicles. -
Where It Matters
Aerospace • Automation and Control Solutions • Transportation Systems • Specialty Materials Honeywell International Inc. 101 Columbia Road 2005 Annual Report2005 Annual P.O. Box 2245 Morristown, NJ 07962-2245 USA Where it matters 2005 Annual Report For more information about Honeywell, visit our Internet site at: www.honeywell.com Financial Highlights Honeywell 7 People and Performance: (Dollars and Shares in Millions, Except Per Share Amounts) 2005 2004 2003 Sales · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · $27,653 $25,601 $ 23,103 executing where it matters Net Income1 · · · · · · · · · · · · · · · · · · · · · · · · · · $ 1,655 $ 1,281 $ 1,324 Diluted Earnings Per Common Share · · · · · · · $ 1.94 $ 1.49 $ 1.54 Honeywell’s Five Initiatives – Growth, Productivity, Cash, People and the Enablers – drove our superior Cash Dividends Per Common Share · · · · · · · · $ 0.825 $ 0.75 $ 0.75 success in 2005. As part of the Growth Initiative, we recognize sites and individuals for their contributions to our customers. All of our operations and manufacturing sites are measured monthly on their ability to Book Value Per Common Share · · · · · · · · · · · $ 13.57 $ 13.24 $ 12.45 meet customer requirements for quality and on-time delivery. Our “Chairman’s Award for Everyday Heroes” Total Assets· · · · · · · · · · · · · · · · · · · · · · · · · · · $32,294 $31,062 $ 29,314 rewards one employee each week for contributions that drive company growth. “Premier Achievement” Cash Flows from Operating Activities · · · · · · · $ 2,442 $ 2,253 $ 2,199 and the “Senior Leadership Award” are our highest annual honors for individuals, recognizing outstanding Common Shares Outstanding at Year-end · · · 829 850 862 achievements in our Five Initiatives, and the “Velocity Product Development™ Award” recognizes the individual who fundamentally changes processes to improve new product introductions. -
View Annual Report
AR Honeywell_part 1.rsr 8/31/01 1:56 PM Page 1 Dear Shareowner: The past 20 months have been challenging and turbulent for Honeywell. We're not happy with how we've performed during this period and neither are you. But we've taken substantial actions to turn things around and the results should be obvious in 2002.... 2000Annual Report and Form 10-K AR Honeywell_part 1.rsr 8/31/01 1:57 PM Page 2 Status of Honeywell-GE Merger Agreement Honeywell and General Electric entered into a merger agreement on Oct. 22, 2000, under which GE would acquire Honeywell, subject to regulatory approvals. The agreement was approved by Honeywell shareowners on Jan. 10, 2001. On May 2, 2001, the companies reached an agreement in principle with the U.S. Department of Justice. But on July 3, 2001, the European Commission prohibited the combination. The commission said that “the merger would create or strengthen dominant positions on several markets and that the remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell.” On July 17, 2001, the two companies consented to allow each other to engage in certain activities that otherwise would have been prohibited by the merger agreement. The consent covers employment-related issues, acquisitions or disposi- tions of assets or businesses, and the issuance or acquisition of securities; it otherwise preserves both parties' rights under the merger agreement. Under the terms of the agreement, Honeywell has the right to terminate the merger agree- ment on Nov. 30, 2001. -
Honeywell International Inc
Section 1: 10-K (10-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8974 Honeywell International Inc. (Exact name of registrant as specified in its charter) Delaware 22-2640650 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 300 South Tryon Street Charlotte, North Carolina 28202 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code (704) 627-6200 Securities registered pursuant to Section 12(b) of the Act: Trading Title of Each Class Symbols Name of each exchange on which registered Common Stock, par value $1 per share* HON The New York Stock Exchange 1.300% Senior Notes due 2023 HON 23A The New York Stock Exchange 0.000% Senior Notes due 2024 HON 24A The New York Stock Exchange 2.250% Senior Notes due 2028 HON 28A The New York Stock Exchange 0.750% Senior Notes due 2032 HON 32 The New York Stock Exchange * The common stock is also listed on the London Stock Exchange. Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. -
2 0 1 6 a N N U a L R E P O
2016 ANNUAL REPORT Shareowners Letters—2017 As the old saying goes, “The days go by slowly and the years go by fast.” Concluding my 15th and final year as CEO, I can certainly say that’s true! It sure was nice to wrap up 15 years with another year of outperformance, even in a slow global and slow industrial economy. On sales of $39.3 billion (up 2% reported, down 1% core organic), we were able to grow earnings per share by 8%1, once more ahead of our industrial peers. We achieved that short-term outperformance even while investing heavily for the future in capital expenditures (average of 160% of depreciation for 3 years), R&D at 7.5% of sales, the addition of 1,500 sales people over the last two years, an additional $360 million in restructuring projects, and a $250 million increase in Aero OEM (Airframers) incentives associated with the significant number of new platforms we have won over the past few years. As a reminder, unlike many of our peers, we expense all those OEM incentive payouts, a policy we went to early on because it was more conservative. We don’t put them on the balance sheet. That $250 million increase represents 4 points of EPS growth. Said differently, EPS2 growth would have been 12% if we didn’t expense these incentives as they were incurred. Quite a difference. Free cash flow3 of $4.4 billion, while good, is still below 100% conversion4 of net income because of the significant plant investments we are making for the future. -
Honeywell 2008 Annual Report
2008 ANNUAL REPORT TO OUR SHAREOWNERS Well … what an “interesting” year 2008 was yield real results. While the year will clearly be tough … and certainly “interesting” seems to apply to on every company, you will not see a reprise of the 2009 also. last recession at Honeywell. It’s our intent to show For the year, we again had terrific financial we perform well in good times and tough times. performance even in a difficult economy, with sales up 6% to $36.6 billion; earnings per share up 19% PORTFOLIO to $3.76; free cash flow of $3.1 billion, excluding Great Positions in Good Industries has made a cash taxes relating to the sale of the Consumables big difference. During this time we’ve acquired 58 Solutions (CS) business, yielding a conversion rate companies ($7.5 billion sales) and divested 32 of 110% on net income; and our fifth consecutive companies ($4.3 billion sales), in each case, 10% annual dividend increase. We made great strengthening our business portfolio. We already progress on all our process initiatives, divested had a good portfolio, and while any of us can still the CS business at a great price, had terrific point to some smaller soft spots, the fact is we are contract wins further bolstering our future, and in significantly better shape today than we were acquired a wonderful position in the rapidly then … and it’s true in every business. We’re more growing personal protective equipment space. global, better diversified, and better positioned The reward … a 47% drop in the stock price across the board.