Welcome to our dedicated page for Honeywell Intl news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell Intl stock.
Honeywell International Inc. (NASDAQ: HON) is an integrated operating company with activities spanning aerospace, building automation, industrial automation, process automation and process technology. This news page aggregates company announcements, press releases and market-moving updates drawn from Honeywell’s own communications and regulatory disclosures.
Recent Honeywell news highlights several themes the company emphasizes. In aerospace, Honeywell has announced plans to separate its Aerospace Technologies business into an independent, publicly traded company, and has named leadership for the future Honeywell Aerospace entity. The company has also completed the spin-off of its Advanced Materials business into Solstice Advanced Materials Inc., which now trades on Nasdaq under the symbol SOLS, and continues to provide updates on the strategic realignment of its automation segments.
Honeywell’s news flow also reflects its focus on AI-enabled and data-driven solutions. Press releases describe the Experion Operations Assistant, an AI-assisted control room solution piloted with TotalEnergies at the Port Arthur Refinery, and the Smart Shopping Platform for retailers, developed with Google Cloud and 66degrees, which uses Google’s AI technologies and Honeywell Mobility Edge devices to personalize in-store shopping. Additional announcements cover partnerships such as the integration of Digimarc’s on-scanner software into Honeywell handheld retail scanners to help combat gift card fraud.
Investors and followers of HON stock can use this page to review Honeywell’s earnings announcements, segment realignment updates, spin-off milestones, technology launches, partnerships and governance developments, all based on official company news and related filings.
Honeywell (HON) and NXP Semiconductors announced an expanded partnership at CES 2025 to accelerate aviation product development and advance autonomous flight capabilities. The collaboration combines Honeywell's aerospace expertise and Anthem avionics with NXP's high-performance computing architecture.
The partnership will focus on developing large-area cockpit displays with improved visual clarity and system efficiency, while streamlining migrations to newer avionic technologies. Honeywell Anthem, powered by NXP's i.MX 8 applications processors, will deliver faster data processing for real-time AI-driven insights, enhancing safety and optimizing flight performance.
Vertical Aerospace, an early adopter, will implement this technology in their VX4 eVTOL aircraft. The collaboration builds upon the companies' existing relationship in building automation systems, announced at CES 2024, and extends to include AI and machine learning applications in building controllers.
Honeywell (NASDAQ: HON) has announced that Stacey Bernards, currently Vice President Government Relations for Energy and Sustainability Solutions, will be promoted to Senior Vice President, Head of Global Government Relations effective March 1, 2025. She will succeed Jim Carroll, who will retire from Honeywell in 2025 after serving since 2017.
Bernards, who joined Honeywell in November 2011, brings extensive experience from both private sector and government, including a 12-year career on Capitol Hill. In her Honeywell tenure, she has led Government Relations across various regions including Europe, Middle East, Africa, India, High Growth Regions, and LATAM, as well as for Honeywell Building Technologies and Energy and Sustainability Solutions Business.
Carroll will remain as Senior Advisor through May 2025 to support the transition. Bernards will report to Anne Madden, Senior Vice President and General Counsel.
Elliott Investment Management has released a statement supporting Honeywell's announcement of its strategic review, which includes the potential separation of its Aerospace business. Elliott's Partner Marc Steinberg and Managing Partner Jesse Cohn expressed confidence in the portfolio transformation being led by Vimal and his team, stating it represents the right direction for Honeywell. They anticipate the review's completion and pledged support for Honeywell's efforts to maximize its value.
Honeywell (NASDAQ: HON) announced its Board of Directors is continuing a comprehensive portfolio evaluation to explore strategic alternatives for enhancing shareholder value, including a potential separation of its Aerospace business. The company plans to provide an update with its Q4 2024 earnings release.
Since December 2023, Honeywell has executed several strategic moves, including approximately $9 billion in acquisitions such as Carrier's Access Solutions business, Civitanavi Systems, CAES Systems, and Air Products' LNG business. The company also announced plans to spin off its Advanced Materials business and divest its Personal Protective Equipment business.
These actions follow Honeywell's January alignment to three megatrends: Automation, Future of Aviation, and Energy Transition.
Honeywell announced that Avianca, Colombia's largest airline, has selected its portfolio of avionics technologies and mechanical systems for their new Airbus A320neo fleet. The agreement includes providing 131-9A auxiliary power units (APUs) for Avianca's 138 new aircraft, along with advanced cockpit technologies to enhance operational efficiency and pilot situational awareness.
The selected technologies include the Pegasus II A320 Flight Management System, IntuVue RDR-4000 3D Weather Radar System, Traffic Collision Avoidance System, Integrated Multi-Mode Receiver, and Enhanced Ground Proximity Warning System. These systems will help improve navigation, weather detection, collision avoidance, and terrain awareness.
Honeywell has been selected to provide building automation for the new Melton Hospital, Victoria's first fully electric 274-bed facility. Under a 25-year contract, Honeywell will implement its building management solutions, including Honeywell Forge Enterprise Performance Management software, to optimize energy and operational efficiency.
The integration of Honeywell Forge will enable condition-based maintenance, improve system resiliency, and reduce energy costs through machine learning capabilities. The hospital will feature a 24-hour emergency department, ambulatory care, maternity, neonatal, mental health, and radiology services, along with an education hub.
The project is being delivered as a public-private partnership between Western Health and the Exemplar Health consortium, supporting Victoria's goal of achieving net zero by 2050.
Honeywell has signed a strategic agreement with Bombardier to provide advanced technology for current and future aircraft, including avionics, propulsion, and satellite communications technologies. The partnership, valued at $17 billion over its lifetime, will focus on developing Honeywell Anthem avionics and next-generation HTF7K engines. However, due to required investments, Honeywell has updated its 2024 outlook, reducing its sales guidance to $38.2B-$38.4B (down $0.4B), adjusted EPS to $9.68-$9.78 (down $0.47), and free cash flow to $4.6B-$4.9B (down $0.5B). The agreement also resolves all pending litigation between the companies.
Honeywell (NASDAQ: HON) announced a change in their representation at the upcoming Goldman Sachs Industrials and Materials Conference. Vimal Kapur, Chairman and CEO, will present instead of Billal Hammoud on December 5, 2024, from 8:00-8:35 a.m. EST in New York City.
The presentation will be available via live audio webcast on Honeywell's investor website, with materials posted beforehand and a replay available for 30 days. Honeywell operates globally across aerospace technologies, industrial automation, building automation, and energy solutions, focusing on three megatrends: automation, future of aviation, and energy transition.
Protective Industrial Products (PIP) has announced a definitive agreement to acquire Honeywell's Personal Protective Equipment Business (PPE), including major brands like Fendall, Fibre-Metal, Howard Leight, and others. The PPE Business operates in over 25 distribution and manufacturing locations globally. The acquisition will expand PIP's brand portfolio and geographic reach, enhancing its ability to serve customers worldwide. Michael Garceau will continue as President of the PPE Business, reporting to PIP CEO Curt Holtz. The transaction is expected to close in the first half of 2025, subject to customary conditions.
Honeywell (NASDAQ: HON) has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products for $1.325 billion in cash. The PPE business, with approximately 5,000 employees, operates 20 manufacturing sites and 17 distribution sites globally. This sale follows Honeywell's earlier divestiture of its Footwear Business for $230 million in 2021 and aligns with the company's strategy to focus on three megatrends: automation, aviation future, and energy transition. The transaction is expected to close in first half of 2025, subject to customary conditions.