Honeywell Intl Inc Stock Price, News & Analysis

Chevron and Honeywell have launched the world's first commercial-scale ISOALKY process unit in Salt Lake City, utilizing ionic liquids for alkylate production. This innovative technology offers a safer, cost-effective alternative to traditional liquid acid systems, producing a high-octane blending component with a reduced environmental impact. The unit enhances flexibility and can be integrated into new or existing refineries, addressing the global demand for cleaner fuels. This partnership signifies a major advancement in alkylation process technology for the refining industry.

Honeywell has been chosen by Wabash Valley Resources to implement advanced technologies for carbon capture and hydrogen production at its gasification plant in West Terre Haute, Indiana. This initiative aims to capture up to 1.65 million tons of CO2 annually, marking it as one of the largest carbon sequestration projects in the U.S. Honeywell's technologies enhance sustainability efforts by providing clean hydrogen and significantly reducing greenhouse gas emissions. The project's alignment with the U.S. Department of Energy's hydrogen plan positions it to support a rapidly growing hydrogen economy.

Honeywell (NYSE: HON) announced it will release its first-quarter financial results on April 23, 2021, before the market opens. A conference call is scheduled for 8:30 a.m. EDT to discuss these results. Participants can join the call by dialing (800) 263-0877 for domestic or (646) 828-8143 internationally. Replay of the call will be available from 12:30 p.m. EDT on April 23 until April 30. Interested parties can access a webcast of the call at honeywell.com/investor.

Honeywell (NYSE: HON) has announced its commitment to achieve carbon neutrality in its operations and facilities by 2035. This initiative involves investments in energy-saving projects, transition to renewable energy, and completion of capital improvements. The company has already reduced greenhouse gas intensity by over 90% since 2004 and saved $100 million annually through sustainability projects. Honeywell also aims to address indirect emissions in its value chain by enhancing tracking systems and promoting climate solutions.

Pipistrel has chosen Honeywell's next-generation Attitude Heading Reference System (AH-2000) and Air Data Module (ADM) for its Nuuva V300 cargo UAV. These systems are essential for navigation and motion data, enhancing the aircraft's operational efficiency. The Nuuva V300 is a long-range UAV, capable of vertical takeoff and landing with a cargo capacity of 460 kg over 300 km. Honeywell's advanced inertial and pressure-sensing technologies aim to improve safety and simplify flight control, positioning Honeywell as a key player in the urban air mobility sector.

Honeywell Building Technologies is collaborating with San Diego International Airport to test advanced video analytics technology aimed at enhancing health and safety measures. This initiative, part of the airport's Airport Innovation Lab, utilizes AI-driven analytics to monitor compliance with social distancing and mask mandates. A successful pilot could lead to broader implementation across the airport. SAN, the busiest single-runway airport in the U.S., is focused on improving safety standards and efficient operations through innovative technology.

Honeywell (NYSE: HON) has agreed to acquire a majority stake in Fiplex Communications, Inc., a Miami-based developer of in-building communication systems. This acquisition aims to enhance Honeywell's connectivity and communication offerings, particularly for public safety. Fiplex's bi-directional amplifiers (BDAs) will aid first responders by improving radio coverage in buildings with challenging environments. The growth of the in-building communications market is driven by new fire codes and technology adoption, promising innovation and safety enhancements. Financial terms of the deal were not disclosed.

Honeywell has secured a $476 million contract for the production and supply of T55-GA-714A engines used in the U.S. Army's CH-47 Chinook helicopters. This 4-year IDIQ contract will ensure the availability of spare engines for the Army and foreign partners through 2024. The engines will be manufactured at Honeywell's facility in Phoenix. Additionally, Honeywell has made strides in engine technology with the upgraded T55-GA-714C engine, which offers 23% more power and 9% better fuel efficiency.