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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Honeywell International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Honeywell International's position in the market.
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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 (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 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 (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 (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 (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 (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 (NASDAQ: HON) Secures $10 Billion in Contracts for Advanced Air Mobility (AAM) Unit
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Honeywell (NASDAQ: HON) announces a live leadership webcast featuring CEO Vimal Kapur and CFO Greg Lewis, moderated by Nigel Coe. The webcast will discuss Honeywell's alignment with megatrends in automation, aviation, and energy transition, aiming to provide solutions for global challenges. The presentation will be available through the Investor Relations section of the company's website, with a replay available for 30 days.
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The Quarterly Index shows a significant increase in global organizations investing in sustainability, with at least a 50% boost in annual investments, indicating growing optimism.
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Honeywell International Inc.
Nasdaq:HON
HON Rankings
HON Stock Data
134.55B
619.94M
0.09%
79.13%
1.17%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
United States of America
CHARLOTTE
About HON
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials, and technologies, and safety and productivity solutions.