Honeywell Intl Inc Stock Price, News & Analysis

According to a recent Honeywell study, over half of U.S. companies plan to invest in automation to adapt to market changes driven by the COVID-19 pandemic. Industries such as e-commerce (66%), grocery (59%), and logistics (55%) are leading this trend. The study revealed that while many companies experienced positive outcomes from automation, cost remains a significant barrier, with more than half of the consumer-packaged goods sector citing it as a major hurdle. However, companies see automation as essential for competitiveness, with expectations for investments in warehouse execution software, order picking technology, and robotic solutions.

Honeywell (NYSE: HON) has released the latest Industrial USB Threat Report, highlighting a significant increase in cybersecurity threats targeting operational technology (OT) systems. Over the past year, threats rose from 16% to 28%, with threats capable of causing major disruptions more than doubling from 26% to 59%. USB removable media is a critical attack vector, with 20% of threats leveraging it. Honeywell recommends implementing robust cybersecurity measures, including its Secure Media Exchange technology and the Honeywell Forge Cybersecurity Suite, to mitigate these risks.

Honeywell (NYSE: HON) announced the release of its Forge Cybersecurity Suite on June 25, 2020, aimed at enhancing business continuity amid cyber threats and supply chain disruptions. The new features include improved remote access, asset discovery, and risk monitoring. With over 4,000 installations globally, this suite supports businesses transitioning to remote operations, helping them manage cybersecurity risks more effectively.

Honeywell (NYSE: HON) has launched its Enabled Services program, supported by Honeywell Forge, aimed at enhancing Industrial Control System (ICS) health and compliance. The subscription-based program addresses challenges like system complexity and an aging workforce, promising a 40% reduction in incidents and 15% decrease in total ownership costs. With both Enhanced and Essential support levels available, the program employs secure remote connections and real-time dashboards, helping customers improve operational efficiency and prioritize critical maintenance.

Honeywell (NYSE: HON) has introduced new software solutions aimed at enhancing health and safety protocols for mobile workers in sectors such as warehousing, logistics, and retail amid COVID-19. These tools, part of the Honeywell Operational Intelligence platform, include features for social distancing compliance, device cleaning management, and remote device control. The solutions aim to minimize productivity losses and ensure safer work environments, demonstrating Honeywell's commitment to supporting business recovery during ongoing health crises.

Honeywell (NYSE: HON) has unveiled its smallest and lightest satellite communications system, tailored for unmanned aerial vehicles (UAVs). This system, weighing just one kilogram, is 90% lighter than previous models and offers advanced connectivity options for smaller UAVs, facilitating real-time video streaming and global connectivity through Inmarsat's satellite network. The innovative design allows installation flexibility, enhancing safety and operational efficiency. This breakthrough technology aims to support BVLOS operations, significantly increasing inspection capacity and connectivity in remote areas.

Honeywell (NYSE: HON) has established a new business unit focusing on Unmanned Aerial Systems (UAS) and Urban Air Mobility (UAM) as part of its strategy to lead in these growing markets. This unit aims to leverage Honeywell's technology and certification expertise to develop innovative products and services tailored to UAS and UAM applications, including electric urban air taxis and hybrid drones. The new organization will enhance Honeywell's current capabilities, act as a systems integrator, and foster collaborations with industry leaders. The emphasis will be on software development for autonomous flight solutions.

Honeywell (NYSE: HON) has extended its partnership with Kuwait Integrated Petroleum Industries Company (KIPIC) by securing a multi-million dollar contract for five years. The agreement focuses on the protection and optimization of operations at the Al Zour refinery and the liquefied natural gas import terminal in Kuwait. Key solutions include the deployment of Honeywell Forge Cybersecurity Software and Assurance 360 services, enhancing cybersecurity and operational efficiency. This collaboration is pivotal in maintaining the facility's reliability while reducing operating costs and maximizing uptime.