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 reports developments across a multi-industry operating portfolio that includes Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. Company updates address operating and financial results, dividend declarations, capital-structure actions, governance matters, segment realignment, and portfolio disclosures.
Honeywell announcements also describe customer deployments of connected services, advanced digital performance monitoring, operator training, Honeywell Forge, Performance+ Services, and UOP process technology. Other recurring subjects include material agreements and regulatory or registration disclosures involving majority-owned businesses such as Quantinuum.
Honeywell (NASDAQ: HON) will host its 2023 investor conference at the Nasdaq MarketSite in New York City on May 11, 2023. Presentations and Q&A panels featuring the Honeywell leadership team will be included. Investors can access a real-time audio webcast of the presentation and related materials at http://www.honeywell.com/investor, with a replay available for 30 days post-event.
Honeywell (NASDAQ: HON) anticipates significant shifts in building operations driven by sustainability and cybersecurity trends. Key predictions for 2023 include the 'Electrify Everything' movement, pushing for the transition from fossil-fuels to electric systems amid regulatory pressures. The integration of advanced cybersecurity into digital building technologies is critical due to rising cyber threats. Additionally, building management will increasingly utilize AI to enhance energy efficiency and adaptability for hybrid workforces. Emphasis on energy resilience in cities will grow, bolstered by $1.2 trillion in federal funding.
Honeywell (NASDAQ: HON) will announce its fourth quarter financial results and provide a 2023 outlook on February 2, 2023, before the Nasdaq opens. The company will follow up with a conference call at 8:30 a.m. EST to discuss these results. Investors can access a real-time audio webcast of the presentation at Honeywell's Investor Relations website. Further details, including presentation materials, will be made available ahead of the presentation.
Honeywell (NASDAQ: HON) has resolved anti-corruption investigations with the U.S. DOJ, SEC, and Brazilian authorities, involving its historical operations related to Petrobras and Unaoil. The company will pay $202.7 million in penalties and has entered into a three-year Deferred Prosecution Agreement concerning Foreign Corrupt Practices Act violations. Although faced with past issues, Honeywell has been recognized for enhancing its ethics and compliance programs, receiving credit for its cooperation. The company is committed to ongoing improvements in compliance and transparency.
Verra Mobility Corporation (NASDAQ: VRRM) has appointed Jon Keyser as Executive Vice President and Chief Legal Officer, effective December 19, 2022. Keyser joins from Honeywell (NASDAQ: HON), where he was Vice President and General Counsel in a $10 billion revenue division. His experience includes managing legal operations and corporate governance, crucial for Verra Mobility's growth. CEO David Roberts expressed confidence that Keyser's skills align with the company’s mission of enhancing transportation safety and efficiency.
Honeywell (NASDAQ: HON) received court approval for its buyout agreement with the North American Refractories Asbestos Personal Injury Settlement Trust, freeing it from future funding obligations. The one-time payment of $1.325 billion was approved by the U.S. Bankruptcy Court on December 8, 2022. This move allows Honeywell to reduce its NARCO reserve from $695 million and offset liabilities with proceeds expected from HarbisonWalker International Holdings' sale to Platinum Equity, estimated at $300 million. Honeywell continues to retain rights to collect insurance proceeds related to asbestos claims.
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Honeywell (Nasdaq: HON) announced an expansion of its strategic alliance with Nexceris to enhance electric vehicle safety. The collaboration aims to develop sensor-based solutions to prevent thermal runaway in lithium-ion batteries, a major safety risk that can lead to fires. As global EV sales reached nearly 7 million in 2021, automakers are increasingly focused on battery safety. By integrating advanced gas detection technology, the partnership seeks to improve early intervention capabilities, potentially minimizing safety risks and property damage.
Chemours (NYSE: CC) and Honeywell (NASDAQ: HON) have launched a pilot program for recycling R-448A and R-449A refrigerants in the EU and UK. This initiative aims to support environmental goals by enabling the reclamation of patented HFO refrigerants. Qualified companies can participate under stringent criteria to ensure safety and quality. Chemours emphasizes the program's role in promoting sustainable practices, while Honeywell highlights its commitment to providing eco-friendly solutions. Both companies are positioned to lead in the circular economy of refrigerants.
Honeywell (NASDAQ: HON) is playing a crucial role in NASA's Artemis missions, including the Artemis I launch, providing essential navigation and guidance technology. The company supplies the full navigation system for the launch vehicle, ensuring safe travel and return. Honeywell's technology will support multiple Artemis missions with 14 product types, including guidance systems, data handling products, and core flight software. CEO Mike Madsen expressed pride in the company's legacy with NASA, emphasizing its ongoing impact on human space exploration.