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Honeywell and UPS Set Stage for Next High-Tech Handheld for Drivers

Honeywell and UPS are teaming up on a new-generation handheld computer for UPS drivers that will further improve communications links while adding a number of other industry-leading features.  UPS will deploy more than 100,000 Honeywell mobile computers worldwide.

Known internally at UPS as the DIAD V (Delivery Information Acquisition Device V), the Honeywell mobile computer features innovative cellular technology that provides on-the-fly switching between cellular carriers, meaning the computer can automatically jump to another cellular carrier if the preferred carrier’s signal is lost.  This industry-leading technology, when combined with Honeywell’s sophisticated 2D imaging capabilities, will further ensure the package tracking and reliability that customers expect from the world’s largest delivery company.

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Honeywell’s YourHomeHoneywell.com Website Helps Consumers Find Home Comfort Solutions That Match Their Lifestyles

Honeywell unveiled a new website for consumers looking for products and solutions to meet their home comfort and indoor quality needs.  The site is visually appealing, well-organized and easy-to navigate.  Visitors can tap into consumer-friendly information on home comfort and energy-saving products that pertain to their home environment.

To view the site and for more information, visit http://www.yourhome.honeywell.com/.

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Honeywell Receives Aviation Technology Achievement Award

Honeywell Aerospace received the Aviation Technology Achievement Award for IntuVue™ 3D color weather radar at the kick-off event for the 2010 Singapore Air Show.

In presenting the award, Perry Flint, editorial director of Air Transport World, said systems developed by Honeywell and Rockwell Collins play a vital role in improving safety of flight, reducing turbulence-related injuries and boosting operational efficiency.

“Competition drives innovation and technological advancement. As Rockwell Collins and Honeywell Aerospace have sought to leapfrog each other in weather radar technology, the beneficiaries have been flight crews and the flying public,” said Flint.

Read more about Honeywell IntuVue™.

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Honeywell Names Ron Rothman President of Global Security Business

Honeywell announced that Ron Rothman has been named president of Honeywell Security Group.  Rothman will report to Roger Fradin, president and CEO of Automation and Control Solutions.

In his new role, Rothman now leads the global security business, a leading innovator, manufacturer and supplier of electronic security technology protecting millions of homes, businesses and government facilities.  Since 2002, Rothman was president of Honeywell Security & Communications. 

Ben Cornett, who served as president of Honeywell Security Group since 2002, now serves as chairman of the security business and will assist with the transition until his retirement in March 2011.

For more information, read the press release.

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Honeywell Reports 2009 Full-Year Sales of $30.9 Billion; Earnings Per Share of $2.85

-          Fourth Quarter Sales of $8.1 Billion and EPS of $0.91
-          Record Cash Flow from Operations of $3.9 Billion and
            Free Cash Flow of $3.3 Billion in 2009
-          Company Reaffirms 2010 Full-Year Financial Guidance

Honeywell today announced full-year 2009 sales of $30.9 billion vs. $36.6 billion in 2008.  Earnings per share were $2.85 vs. $3.76 in the prior year.  Free cash flow was $3.3 billion (cash flow from operations of $3.9 billion less capital expenditures).  Free cash flow conversion (free cash flow divided by net income) was 155% of net income for the full-year.

Fourth quarter sales were $8.1 billion versus $8.7 billion in 2008. Earnings per share were $0.91 versus $0.97 in the prior year fourth quarter. Free cash flow was $1.1 billion and cash flow from operations was $1.3 billion. Fourth quarter free cash flow conversion was 154% of net income.

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T-Hawk™ Development Team Nominated for Aviation Week Laureate Award

The Honeywell development team responsible for the T-Hawk Micro Air Vehicle (MAV) system, a 17-pound, remote-controlled aircraft, has been nominated by Aviation Week for the magazine’s 2010 Laureate Award in the Aeronautics/Propulsion category. The Laureate Award recognizes individuals and nominated teams for lasting contributions and extraordinary achievements in civil, military and commercial aviation and aerospace.

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