Honeywell International Inc.
-The Company is a diversified technology and manufacturing company which focuses on solutions regarding energy, safety, security, productivity and urbanization. The Company provides aerospace products and services, automotive turbochargers, energy efficient solutions and advanced technologies for homes and buildings, specialty chemicals, electronic and advanced materials, and process technologies for chemicals.
-The Company is organized into four operating segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Following the sale of its Friction Materials business to Federal Mogul for USD 155 million in 2014, the Company realigned its Transportation Systems business segment with its Aerospace business segment. For all periods presented, the Company has reported its financial performance based on the inclusion of Transportation Systems in the Aerospace segment.
Transportation Systems Forecast
-The Company forecasts that annual sales of vehicles with turbocharged engines will reach 52 million by 2021. In addition, 48% of new vehicles produced will be equipped with turbochargers by 2021.
-By 2021, the Company expects that there will be approximately 16 million hybrid or electric vehicles on the road. Of the 16 million hybrid vehicles, 46% are expected to be mild hybrids, 40% will be full hybrids and 14% will be a combination of pure electric vehicles and other hybrid versions. 70% of the mild hybrid vehicle models will be equipped with a turbocharger or multiple turbo system by 2021.
-According to the Company’s forecast, China is expected to see the greatest percentage point growth in percentage of turbocharged vehicles sold from 2021 compared to 2016, growing from 32% to 48%. Other regions with anticipated double-digit percentage point growth are Korea (56% to 70%) and North America (25% to 36%).
-The Company estimates that Europe will have the highest penetration of turbochargers in 2021 at 74%.
-Listed on NY Stock Exchange and London Stock Exchange.
-Gasoline wastegate turbochargers for light vehicles
-Gasoline DualBoost turbochargers for light vehicles
-Diesel small wastegate turbochargers for light vehicles
-Diesel Variable Nozzle Turbocharger (VNT) for light vehicles
-Diesel TwoStage Parallel turbochargers for light vehicles
-Diesel TwoStage Serial turbochargers for light vehicles
-TwoStage Serial turbochargers for commercial vehicles
-VNT DutyDrive turbochargers for commercial vehicles
-OnRAMP analytical program suite
-Cyber security solutions
-Integrated Vehicle Health Management (IVHM)
-Disc brake pads
-Riveted brake shoes
Other automotive components
-Rotary electric actuators
-Test and measurement sensors
|Dec. 1999||Established by the merger between Honeywell Inc. and AlliedSignal Inc.|
|Oct. 2000||Although the Company and United Technologies Corp. had already signed a dispose agreement, General Electric announced it would acquire the Company for $45 billion.|
|May 2001||The U.S. Department of Justice approved the acquisition under the condition of divesting the Company's helicopter operations. The two companies approved the condition.|
|Jun. 2001||The European Commission proposed the divestitures of the Company's Aerospace division. GE refused the proposal.|
|Jul. 2001||The European Commission rejected the acquisition.|
|Oct. 2001||GE and the Company announced that they have terminated their merger agreement on October 2, 2001.|
|Aug. 2002||Acquired Invensys Sensor Systems.|
|Jan. 2003||The Company and Federal-Mogul Corp. entered into a letter of intent pursuant to which Federal-Mogul would acquire the Company's automotive Bendix Friction Materials business.|
|Feb. 2003||Acquired Sensotec Inc.|
|Aug. 2011||Egret Acquisition Corp., the Company's wholly-owned subsidiary, acquired EMS Technologies, Inc.|
|Jul. 2014||Sold Friction Materials business (Bendix Friction Materials) to Federal Mogul for USD 155 million.|