"Honeywell Automation Controls System" limited liability partnership; 1077900 ALBERTA LTD. 1135198 ALBERTA LTD. 801 Route 440 Funding Co., LLC; Honeywell Building Solutions SES Corporation; Honeywell Building Technologies (Hong Kong) Limited; Honeywell Canada Northern Frontier ULC;
What companies does Honeywell own? Honeywell has 75 subsidiaries, of which 70 are 100% owned by the company. Included are Elster, Grimes Aerospace Company, Intelligrated Systems, Maxon...
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina primarily operates in four areas of business: aerospace; building automation; performance materials and technologies (PMT); and safety and productivity solutions (SPS). [2] Honeywell is a Fortune 500 company, ranked 115th in 2023. [3]
Honeywell''s global presence includes all major regions such as North America, Latin America, Europe, India, Asia and Middle East. Find out about Honeywell locations! Global
Honeywell''s global presence includes all major regions such as North America,
Honeywell helps organizations solve the world''s most complex challenges in
The corporation''s current name, Honeywell International Inc., is a product of the merger of Honeywell Inc. and AlliedSignal in 1999. The corporation headquarters were consolidated with AlliedSignal''s headquarters in Morristown, New Jersey. The combined company chose the name "Honeywell" because of the considerable brand recognition.[6] Honeywell was a component of the Dow Jones Industrial Average index from 1999 to 2008. Prior to 1999, its corporate predecessors were included dating back to 1925, including early entrants in the computing and thermostat industries.[7][8]
In 2020, Honeywell rejoined the Dow Jones Industrial Average index.[9] In 2021, it moved its stock listing from the New York Stock Exchange to the Nasdaq.[10]
The Butz Thermo-Electric Regulator Company was founded in 1885 when the Swiss-born Albert Butz invented the damper-flapper, a thermostat used to control coal furnaces, bringing automated heating system regulation into homes.[11] In 1886, he founded the Butz Thermo-Electric Regulator Company. In 1888, after a falling out with his investors, Butz left the company and transferred the patents to the legal firm Paul, Sanford, and Merwin, who renamed the company the Consolidated Temperature Controlling Company.[11]
As the years passed, CTCC struggled with debt, and the company underwent several name changes. After it was renamed the Electric Heat Regulator Company in 1893, W.R. Sweatt, a stockholder in the company, was sold "an extensive list of patents" and named secretary-treasurer.[12]: 22 By 1900, Sweatt had bought out the remaining shares of the company from the other stockholders.[13]
In 1906, Mark Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana, to manufacture and market his invention, the mercury seal generator.[14][15]
As Honeywell''s company grew, thanks in part to the acquisition of Jewell Manufacturing Company in 1922 to better automate his heating system, it began to clash with the Electric Heat Regulator Company now-renamed Minneapolis Heat Regulator Company. In 1927, this led to the merging of both companies into the publicly-held Minneapolis-Honeywell Regulator Company. Honeywell was named the company''s first president, alongside W.R. Sweatt as its first chairman.[16]
In 1929, combined assets were valued at over $3.5 million, with less than $1 million in liabilities just months before Black Monday.[12]: 49 In 1931, Minneapolis-Honeywell began a period of expansion and acquisition when they purchased the Time-O-Stat Controls Company, giving the company access to a greater number of patents for their controls systems.
W.R. Sweatt and his son Harold provided 75 years of uninterrupted leadership for the company. W.R. Sweatt survived rough spots and turned an innovative idea – thermostatic heating control – into a thriving business.
Harold took over in 1934, leading Honeywell through a period of growth and global expansion that set the stage for Honeywell to become a global technology leader. The merger into the Minneapolis-Honeywell Regulator Company proved to be a saving grace for the corporation.
With the outbreak of World War II, Minneapolis-Honeywell was approached by the US military for engineering and manufacturing projects. In 1941, Minneapolis-Honeywell developed a superior tank periscope, camera stabilizers, and the C-1 autopilot.
The C-1 revolutionized precision bombing and was ultimately used on the two B-29 bombers that dropped atomic bombs on Japan in 1945. The success of these projects led Minneapolis-Honeywell to open an Aero division in Chicago on October 5, 1942.[12]: 73 This division was responsible for the development of the formation stick to control autopilots, more accurate fuel quantity indicators for aircraft, and the turbo supercharger.[12]: 79
In 1950, Minneapolis-Honeywell''s Aero division was contracted for the controls on the first US nuclear submarine, USS Nautilus.[12]: 88 In 1951, the company acquired Intervox Company for their sonar, ultrasonic, and telemetry technologies. Honeywell also helped develop and manufacture the RUR-5 ASROC for the US Navy.
In 1953, in cooperation with the USAF Wright-Air Development Center, Honeywell developed an automated control unit, that could control an aircraft through various stages of a flight, from taxiing to takeoff to the point where the aircraft neared its destination and the pilot took over for landing. Called the Automatic Master Sequence Selector, the onboard control operated similarly to a player piano to relay instructions to the aircraft''s autopilot at certain way points during the flight, significantly reducing the pilot''s workload.[17] Technologically, this effort had parallels to contemporary efforts in missile guidance and numerical control. Honeywell also developed the Wagtail missile with the USAF.
From the 1950s until the mid-1970s, Honeywell was the United States'' importer of Japanese company Asahi Optical''s Pentax cameras and photographic equipment.[12]: 153 These products were labeled "Heiland Pentax" and "Honeywell Pentax" in the U.S. In 1953, Honeywell introduced their most famous product, the T-86 Round thermostat.[11][12]: 110
In 1961, James H. Binger became Honeywell''s president and in 1965 its chairman. Binger revamped the company sales approach, placing emphasis on profits rather than on volume. He stepped up the company''s international expansion – it had six plants producing 12% of the company''s revenue. He officially changed the company''s corporate name from "Minneapolis-Honeywell Regulator Co." to "Honeywell", to better represent their colloquial name. Throughout the 1960s, Honeywell continued to acquire other businesses, including Security Burglar Alarm Company in 1969.[12]: 130
In the 1970s, after one member of a group called FREE[18] on the Minneapolis campus (U of M) of the University of Minnesota[19] asked five major companies with local offices to explain their attitudes toward gay men and women, three responded quickly,[20] insisting that they did not discriminate against gay people in their hiring policies. Only Honeywell objected to hiring gay people.[21] Later in the 1970s, when faced with a denial of access to students, Honeywell "quietly [reversed] its hiring policy".[22]
During and after the Vietnam Era, Honeywell''s defense division produced a number of products, including cluster bombs, missile guidance systems, napalm, and land mines. Minnesota-Honeywell Corporation completed flight tests on an inertia guidance sub-system for the X-20 project at Eglin Air Force Base, Florida, utilizing an NF-101B Voodoo by August 1963. The X-20 project was canceled in December 1963.[23] The Honeywell project, founded in 1968, organized protests against the company to persuade it to abandon weapons production[24]
In 1980, Honeywell bought Incoterm Corporation to compete in both the airline reservations system networks and bank teller markets.
In April 1955, Minneapolis-Honeywell started a joint venture with Raytheon called Datamatic to enter the computer market and compete with IBM.[12]: 118 In 1957, their first computer, the DATAmatic 1000, was sold and installed. In 1960, just five years after embarking on this venture with Raytheon, Minneapolis-Honeywell bought Raytheon''s interest in Datamatic and turned it into the Electronic Data Processing division, later Honeywell Information Systems (HIS) of Minneapolis-Honeywell.[12]: 118
Honeywell purchased minicomputer pioneer Computer Control Corporation (3C''s) in 1966, renaming it as Honeywell''s Computer Control Division. Through most of the 1960s, Honeywell was one of the "Snow White and the Seven Dwarfs" of computing. IBM was "Snow White", while the dwarfs were the seven significantly smaller computer companies: Burroughs, Control Data Corporation, General Electric, Honeywell, NCR, RCA, and UNIVAC. Later, when their number had been reduced to five,[25] they were known as "The BUNCH", after their initials: Burroughs, UNIVAC, NCR, Control Data Corporation, and Honeywell.[26]
In 1970, Honeywell acquired GE''s computer business, rebadging General Electric''s 600-series mainframes to Honeywell 6000 series computers, supporting GCOS, Multics, and CP-6, while forming Honeywell Information Systems.[27] In 1973, they shipped a high speed non-impact printer called the Honeywell Page Printing System. In 1975, it purchased Xerox Data Systems, whose Sigma computers had a small but loyal customer base. Some of Honeywell''s systems were minicomputers, such as their Series 60 Model 6 and Model 62[28][29] and their Honeywell 200. The latter was an attempt to penetrate the IBM 1401 market.
In 1987, HIS merged with Groupe Bull, a global joint venture with Compagnie des Machines Bull of France and NEC Corporation of Japan to become Honeywell Bull. In 1988 Honeywell Bull was consolidated into Groupe Bull and in 1989 renamed to Bull, a Worldwide Information Systems Company.[30] By 1991, Honeywell was no longer involved in the computer business.[31][32]
1986 marked a new direction for Honeywell, beginning with the acquisition of the Sperry Aerospace Group from the Unisys Corporation.[33] In 1990, Honeywell spun off their Defense and Marine Systems business into Alliant Techsystems, as well as their Test Instruments division and Signal Analysis Center to streamline the company''s focus.[34] Honeywell continues to supply aerospace products including electronic guidance systems, cockpit instrumentation, lighting, and primary propulsion and secondary power turbine engines. In 1996, Honeywell acquired Duracraft and began marketing its products in the home comfort sector.[35]
Honeywell is in the consortium that runs the Pantex Plant that assembles all of the nuclear bombs in the United States arsenal.[36][37] Honeywell Federal Manufacturing & Technologies, successor to the defense products of AlliedSignal, operates the Kansas City Plant which produces and assembles 85 percent of the non-nuclear components of the bombs.[38]
Honeywell began the SmartHouse project, to combine heating, cooling, security, lighting, and appliances into one easily controlled system. They continued the trend in 1987 by releasing new security systems, and fire and radon detectors. In 1992, in another streamlining effort, Honeywell combined their Residential Controls, Commercial Systems, and Protections Services divisions into Home and Building Control, which then acquired the Enviracare air cleaner business.[12]: 183 By 1995, Honeywell had condensed into three divisions: Space and Aviation Control, Home and Building Control, and Industrial Control.[39]
Honeywell dissolved its partnership with Yamatake Company and consolidated its Process Control Products Division, Process Management System Division, and Micro Switch Division into one Industrial Control Group in 1998.[citation needed] It has further acquired Measurex System and Leeds & Northrup to strengthen its portfolio in 1997.[40]
On June 7, 1999, Honeywell was acquired by AlliedSignal, who elected to retain the Honeywell name for its brand recognition.[11] The former Honeywell moved their headquarters of 114 years to AlliedSignal''s in Morristown, New Jersey. While "technically, the deal looks more like an acquisition than a merger.. om a strategic standpoint, it is a merger of equals."[6] AlliedSignal''s 1998 revenue was reported at $15.1 billion to Honeywell''s $8.4 billion, but together the companies share huge business interests in aerospace, chemical products, automotive parts, and building controls.
The corporate headquarters were consolidated to AlliedSignal''s headquarters in Morristown, New Jersey, rather than Honeywell''s former headquarters in Minneapolis, Minnesota. When Honeywell closed its corporate headquarters in Minneapolis, over one thousand employees lost their jobs. A few moved to Morristown or other company locations, but the majority were forced to find new jobs or retire. Soon after the merger, the company''s stock fell significantly, and did not return to its pre-merger level until 2007.
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