About the Company
Honeywell International Inc., famously known as Honeywell is a multinational conglomerate founded by Mark C. Honeywell in 1906. As of 2020, it is headquartered in Charlotte, North Carolina, and is operated by a workforce of about 113,000 employees worldwide. This publicly traded American company has its business in four industries, including building technologies, safety and productivity solutions (SPS), aerospace and performance materials and technologies (PMT). The company also provides cybersecurity and industrial solutions to its clients. The industries it serves are chemicals & materials, industrial & manufacturing, retail, aerospace, safety, sporting goods, building & cities and supply chain.
While it was founded in 1906, the company’s official initiation was considered to be in 1885 when the furnace regulator and alarm were patented by Albert Butz. After being renamed several times and the transfer of ownership in 1906, Honeywell Heating Speciality Co. was established. In 1927 the company merged with Minneapolis Heat Regulator Company and formed Minneapolis- Regulator Co.
Honeywell played a crucial part in sending Neil Armstrong and Buzz Aldrin on the Moon by supplying about 16,000 parts to build 14 of the electronic devices that created the Stabilisation and Control System (SCS). Its pilots also helped NASA with flight testing, making the entire expedition possible. In 1999, the company was acquired by AlliedSignal, but its brand name was kept intact due to its popularity.
Over the years it has acquired several businesses under its name in order to expand its reach across the globe. Between 2002 and 2019, some of its most significant acquisitions have been Shanghai Alarm, Chadwick Helmuth and Ultrak in 2002; Baker Electronics and FutureSmart in 2003; Vindicator, Genesis Cable and Edgelinx in 2004; Cythos and RMG in 2009; Iris Systems in 2011; RAE Systems and Saia Burgess Controls in 2013; Nextnine in 2017; Transnorm in 2018; and Tru-Trak Flight Systems in 2019.
As of 2020, it is both an S&P 100 and S&P 500 component, as well as a Dow Jones Industrial Average component. It trades in the New York Stock Exchange under the symbol HON share. In 2020, it was also the 92nd company in the Fortune 100 list, maintaining its position from 2019. In the same year, Forbes also recognized it in four of its prestigious lists, namely, Global 2000, Best Employers for New Grads, America’s Best Employers By State and World’s Best Employers.;
|Organisation||Honeywell International Inc|
|Industry||Specialty Industrial Machinery|