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 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.
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Honeywell (NASDAQ: HON) announced it will provide an Energy Storage System (ESS) for a 50-megawatt solar park in Northern New Mexico, set for completion in mid-2022. This project aims to power up to 16,000 homes and supports the state’s decarbonization goals. The ESS will include a 20MW system and the Experion® Energy Control System, enhancing asset monitoring and energy management. Backed by performance guarantees, the system allows multiple applications such as peak shaving and backup power. This partnership reflects Honeywell's commitment to renewable energy and innovation.
FREYR Battery (NYSE: FREY) reported its fourth-quarter and full-year 2021 results, including key developments in its clean battery production initiatives. The company signed conditional offtake agreements with Honeywell (NASDAQ: HON) and secured negotiations for additional agreements representing over 150 GWh in demand. FREYR plans to combine its two Gigafactories, increasing capacity to 18 GWh. Despite a net loss of $28 million in Q4 2021, cash reserves stood at $565.6 million. The firm aims to finalize more agreements and push for a Final Investment Decision in 2022.
Honeywell (NASDAQ: HON) announced its participation in various investor events in March 2022. The key events include:
- The 2022 investor conference on March 3, 2022, from 10:00 a.m. to 6:00 p.m. EST in Charlotte, N.C.
- Doug Wright presenting at the Virtual Energy Efficiency and Climate Solutions Day on March 8, 2022, at 1:15 p.m. EST.
- Vimal Kapur at the Bank of America Global Industrials Conference on March 15, 2022, at 9:40 a.m. GMT.
- Darius Adamczyk speaking at the J.P. Morgan Industrials Conference on March 15, 2022, at 8:00 a.m. EDT.
Webcasts will be available for 30 days post-event.
Honeywell and AstraZeneca announced a partnership to develop next-generation respiratory inhalers utilizing near-zero global warming potential (GWP) propellants. This collaboration addresses the needs of 384 million COPD and 339 million asthma sufferers, aiming to reduce greenhouse gas emissions by up to 99.9% compared to traditional inhalers. Honeywell's Solstice Air, a non-flammable propellant, has shown promising results in clinical trials. AstraZeneca plans to transition its Breztri Aerosphere medicine to this innovative platform pending regulatory approval. Both companies aim for sustainable healthcare solutions.
Honeywell (NASDAQ: HON) and TotalEnergies have entered a strategic agreement to advance plastic recycling. This partnership will see Honeywell supply recycled polymer feedstock (RPF) produced via its UpCycle Process Technology at a new facility in Andalucía, Spain, projected to process 30,000 tons of plastic waste annually. TotalEnergies will then convert this RPF into virgin-quality polymers for various applications, including food-grade packaging. The plant is expected to start operations in 2023, marking the beginning of their collaboration to promote sustainability and address plastic waste.
ZoneFlow Reactor Technologies has been granted a U.S. patent for its innovative ZoneFlow Bayonet Reactor, which significantly reduces the cost of hydrogen production. The reactor efficiently utilizes excess heat from syngas to create more hydrogen, decreasing reliance on traditional furnace fuel by 15% - 20%. Bruce Boisture, President of ZoneFlow, highlights this patent as a major step towards commercializing cleaner hydrogen technology. A commercial version of the reactor is expected to be tested in 2022 through a collaboration with Honeywell UOP.
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Honeywell (NASDAQ: HON) will hold its 2022 Annual Shareowners Meeting on April 25, 2022, at 10:30 a.m. EDT, conducted virtually. Shareowners recorded as of February 25, 2022, can vote. This meeting allows shareholders to engage directly in company matters and governance.
Honeywell, a Fortune 100 technology firm, specializes in industry-specific solutions, including aerospace products, building controls, and performance materials, all aimed at enhancing safety and sustainability.
Honeywell (NASDAQ: HON) has declared a quarterly dividend of $0.98 per share, payable on March 11, 2022, to shareholders of record by February 25, 2022. This announcement reflects the company's commitment to returning value to its shareholders. Honeywell continues to deliver innovative solutions across various sectors including aerospace and industrial technologies, enhancing its position in the market.