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 Inc. (NASDAQ: HON) is an integrated operating company with activities spanning aerospace, building automation, industrial automation, process automation and process technology. This news page aggregates company announcements, press releases and market-moving updates drawn from Honeywell’s own communications and regulatory disclosures.
Recent Honeywell news highlights several themes the company emphasizes. In aerospace, Honeywell has announced plans to separate its Aerospace Technologies business into an independent, publicly traded company, and has named leadership for the future Honeywell Aerospace entity. The company has also completed the spin-off of its Advanced Materials business into Solstice Advanced Materials Inc., which now trades on Nasdaq under the symbol SOLS, and continues to provide updates on the strategic realignment of its automation segments.
Honeywell’s news flow also reflects its focus on AI-enabled and data-driven solutions. Press releases describe the Experion Operations Assistant, an AI-assisted control room solution piloted with TotalEnergies at the Port Arthur Refinery, and the Smart Shopping Platform for retailers, developed with Google Cloud and 66degrees, which uses Google’s AI technologies and Honeywell Mobility Edge devices to personalize in-store shopping. Additional announcements cover partnerships such as the integration of Digimarc’s on-scanner software into Honeywell handheld retail scanners to help combat gift card fraud.
Investors and followers of HON stock can use this page to review Honeywell’s earnings announcements, segment realignment updates, spin-off milestones, technology launches, partnerships and governance developments, all based on official company news and related filings.
Honeywell (NYSE: HON) reported a 19% decline in Q2 2020 sales, impacted by COVID-19 and oil price volatility, with adjusted EPS at $1.26. Cost management led to $500 million savings, and the company expects total savings of $1.4 to $1.6 billion. Notably, sales in defense, warehouse automation, and personal protective equipment saw growth. Aerospace sales dropped 27% due to lower commercial demand. Honeywell ended the quarter with $15.1 billion in cash. Full financial guidance is suspended due to market uncertainties.
Honeywell (NYSE: HON) has launched the HGuide n380, an innovative inertial navigation system designed for autonomous vehicles and unmanned aerial vehicles (UAVs). This system delivers position, orientation, and velocity data even when satellite signals are not available. It is smaller, lighter, and more affordable than previous models, crafted to endure harsh environments. The HGuide n380 integrates Honeywell's advanced inertial measurement unit, GNSS receiver, and proprietary sensor fusion software, enhancing navigation accuracy in challenging conditions.
Honeywell (NYSE: HON) is set to release its second quarter financial results on July 24, 2020, prior to the opening of the New York Stock Exchange. A conference call will follow at 8:30 a.m. EDT, allowing investors and analysts to discuss the results. The call can be accessed domestically at (866) 548-4713 and internationally at (323) 794-2093. A replay will be available until July 31, and a real-time audio webcast will be accessible on the Honeywell investor website. Honeywell continues to innovate across various sectors, emphasizing safety and sustainability.
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.
Summary not available.