Posted on Tuesday, March 9, 2010
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Honeywell Aerospace announced new business wins valued at approximately $160 million at Asia’s largest aerospace and defense event – the Singapore Air Show, one of the top three largest airshows worldwide. The wins include contracts with Hainan, Turkish, Qantas, Vietnam, Jeju Air, Singapore, China Eastern, and PT Lion Mentar Airlines, for avionics, wheels and brakes, and repair and overhaul services for Auxiliary Power Units.
At the show, Honeywell also was selected by Air Transport World to receive the “Aviation Technology Achievement Award,” in recognition of its advanced cockpit weather radar which plays a vital role in improving safety of flight, reducing turbulence-related injuries, and boosting operational efficiency.
In addition, Honeywell also received the “2010 Frost & Sullivan Asia Pacific Aerospace & Defense Awards – Avionics OEM of The Year.” The Frost & Sullivan Awards are presented to companies that demonstrate diligence, commitment, and innovative business strategies that advance the industry globally.
Posted on Friday, March 5, 2010
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Chairman and CEO Dave Cote introduces President Barack Obama at a 2009 media briefing in support of the U.S. Reinvestment and Recovery Plan.
Honeywell Chairman and CEO Dave Cote was named to the Bipartisan National Commission on Fiscal Responsibility and Reform by U.S. President Barack Obama. The 18-member commission, which will be co-chaired by former White House Chief of Staff Erskine Bowles and former Republican Senate Whip Alan Simpson, will make recommendations to Congress by December 1, 2010 on how to balance the U.S. budget by 2015 and improve the country’s long-term fiscal outlook.
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Posted on Friday, February 26, 2010
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Honeywell announced that it expects approximately 6-8% compound annual sales growth over the next five years and is targeting segment margins in the range of 16-18% in five years. The company also expects continued strong cash flow generation over that time period.
“Honeywell is a very different and much better company today,” said Honeywell Chairman and Chief Executive Officer Dave Cote. “The processes and principles that we’ve adopted have enabled Honeywell to perform well in good times as well as tough economic times. We are now one company, guided by the same initiatives and behaviors. This common one Honeywell culture, together with the strength of our global portfolio, allowed us to effectively manage costs last year, rather than simply cut programs or people, which positions us well for growth in the next five years.”
At its February 22nd investor conference, Honeywell discussed important global growth factors, including favorable macro-trends, such as energy efficiency, safety, and security, and key technologies and products like refining processes for bio-renewables, Smart Grid thermostats, low-global-warming-potential refrigerants, air safety technologies, and turbochargers.
For more information, read the press release.
Posted on Monday, February 22, 2010
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Honeywell announced the addition of a Smart Grid application to its Prestige® programmable thermostat, enabling the device to automate energy consumption based on the homeowner’s programming specifications, such as preferred energy cost and usage.
When Prestige is used as directed, Honeywell estimates that homeowner’s can reduce annual heating and cooling costs by up to 33% – or up to $200 each year – depending on geographic location.
Prestige is the industry’s first full-color, high-definition, wireless-enabled thermostat. It has a patented, interview-based interface that walks a homeowner through the set-up process by asking questions such as “what time does the first person wake-up in the morning?” or “what time do you go to sleep at night?” The answers help the thermostat program itself without an owner’s manual.
For more information on Prestige and other Smart Grid-related technologies and solutions by Honeywell, read the press release.
Posted on Monday, February 22, 2010
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Company to Present its Long-Term Growth Outlook at its Annual Investor Conference on Monday, February 22nd
Honeywell re-affirmed its full-year 2010 financial guidance, including sales of $31.3 – 32.2 billion and earnings per share (EPS) of $2.20-2.40. In addition, the company confirmed first quarter sales guidance of $7.2 – 7.6 billion and updated its first quarter EPS guidance to $0.40 – 0.45, which reflects the company’s continued strong operational performance and excludes the potential negative impact of proposed healthcare legislation that was previously included in its first quarter EPS guidance.
“The outlook for Honeywell is bright,” said Honeywell Chairman and Chief Executive Officer Dave Cote. “We performed well in the last recovery, well in the recession, and will perform even better in this recovery. We continued seed planting throughout the cycle, investing in innovative new products and technologies, which positions us well for growth. We maintained our research and development investment, expanded our emerging region presence, and made further progress on our key process initiatives. This focus allows us to build on our technology differentiation and expand our global footprint. Today, we are building off a much stronger base that will enable us to drive significant growth over the next five years.”
Honeywell will hold its annual investor conference on Monday, February 22 to discuss strategies for its businesses and major markets, including detail on its attractive long-term growth outlook.
For more information on the conference, read the press release.
Posted on Friday, February 19, 2010
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