Mother Lode
1 week ago
"5. Honeywell is an owner, investor, supplier and customer of Quantinuum
Though Quantinuum is a stand-alone company, Honeywell is initially the largest shareholder with an approximately 54 percent ownership stake of the new entity. It has invested nearly $300 million allowing the company to be well capitalized on day one. Honeywell's aerospace foundry in Plymouth, Minnesota will continue to provide manufacturing support for Quantinuum’s proprietary ion traps, which sit at the heart of the company’s trapped-ion quantum computers. Honeywell also will be a customer of Quantinuum’s offerings across the H-Series hardware, powered by Honeywell and software spectrum and plans to collaborate with Quantinuum on various projects."
https://www.honeywell.com/us/en/news/2021/11/things-to-know-about-quantinuum#:~:text=Though%20Quantinuum%20is%20a%20stand,well%20capitalized%20on%20day%20one.
whytestocks
4 years ago
BREAKING NEWS: $HON The 3 Safest Industrial Dividend Stocks Right Now
Plenty of industrial companies pay a dividend, but not all dividends are safe. Think about it: As an income investor, would you rather own a stock that pays erratic dividends or has a dangerously high payout, or a stock that has consistently paid, even increased, dividends and can generate ...
Find out more HON - The 3 Safest Industrial Dividend Stocks Right Now
whytestocks
6 years ago
News: $HON Honeywell to Present at Cowen and Company 40th Annual Aerospace/Defense and Industrials Conference
MORRIS PLAINS, N.J. , Jan. 15, 2019 /PRNewswire/ -- Honeywell ( NYSE: HON ) announced Pieter Krynauw, President of Honeywell Intelligrated, will present at the Cowen and Company 40 th Annual Aerospace/Defense and Industrials Conference in New York City on Thursday, February 7 at...
In case you are interested https://marketwirenews.com/news-releases/honeywell-to-present-at-cowen-and-company-40th-annual-aerospace-defense-and-industrials-conference-6833360.html
ITMS
7 years ago
Honeywell International Inc $HON Still Has Downside Momentum, Know This Level
Leading diversified technology and manufacturing company Honeywell International Inc (NYSE:HON) has been under pressure since late January. This leading stock topped out on January 29th, 2018 at $165.13 a share. Since that high in the stock, the shares have declined sharply lower. Today, HON stock is trading at $146.40 a share. Traders should note that the important 200-day moving average was tested last Friday. This pattern tells us that the stock should still have further downside in the coming weeks. The next major support level for HON stock will be around the $139.00 area. This is where the stock broke out in September 2017. As many of you know by now, prior breakout levels will serve as very good support when initially retested.
Nicholas Santiago
InTheMoneyStocks
buhg1b
17 years ago
Jury awards $24.2 million in asbestos lawsuit
A Miami-Dade jury awarded a Weston doctor and his family almost $24.2 million after finding that his rare type of cancer was caused by exposure to brake pads made with asbestos.
Posted on Tue, Apr. 29, 2008
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BY PATRICK DANNER
pdanner@MiamiHerald.com
As a teenager working on his stepfather's farm in Punta Gorda, Stephen E. Guilder learned to repair tractors and other farm equipment.
Guilder, of Weston, parlayed his deft handiwork on the farm into a career as a head and neck surgeon, but it's now expected to cost him his life. Guilder, 50, was diagnosed in September with a rare, fatal type of cancer -- which he blames on exposure in the 1970s and early 1980s to brake pads made with asbestos.
On Friday, a Miami-Dade County jury found Honeywell International, the parent of brake maker Bendix, negligent for selling asbestos brakes and awarded Guilder and his family almost $24.2 million.
While it's the largest compensatory jury verdict involving a single defendant in a Florida asbestos case, it was bittersweet for the Guilders, said their lawyer, David A. Jagolinzer.
''They would trade every dime of that for another day of his life,'' said Jagolinzer, of the Ferraro Law Firm in Miami.
Guilder's oncologist testified during the two-week trial that Guilder has a less than 10 percent chance of surviving beyond the fall of next year, Jagolinzer said.
Honeywell spokesman Rob Ferris expressed disappointment with the jury verdict, a rare defeat for the company in Bendix-related asbestos litigation.
Honeywell is ''confident we will ultimately prevail on appeal,'' Ferris said in an e-mail. ``There is no supportable evidence that Mr. Guilder's disease was caused by exposure to Bendix products.''
Honeywell came to own Bendix as a result of a 1999 merger with Allied-Signal, which had merged with Bendix in 1982. Honeywell says it no longer make products containing asbestos.
Nine other defendants named in the lawsuit, including Deere & Co. and General Motors, reached confidential settlements before the case went to trial, Jagolinzer said. Caterpillar and Ford Motor were dismissed from the case.
Guilder was diagnosed with peritoneal mesothelioma, a cancer that affects the abdominal lining. Last November, two months after the diagnosis, Jagolinzer said Guilder closed his medical practice. Since then, the cancer has spread throughout his body. Despite his poor health, Guilder attended the trial.
Guilder's case was expedited because of his short life expectancy. The case went to trial less than six months after the suit was filed.
Of the $10.1 million the jury awarded Guilder personally, $3 million is for future lost earnings and $6.78 million is for pain and suffering. His wife, Shelia, was awarded $3.6 million. His three children, ages 18, 16 and 14, were each awarded almost $3.5 million.
Honeywell has prevailed in the vast majority of Bendix-related asbestos claims that have gone to trial, a company filing with the Securities and Exchange Commission in February indicates. From 1981 through the end of last year, Honeywell says, 125 trials resulted in verdicts in its favor. Ten trials resulted in ''adverse'' verdicts, although two were reversed on appeal, three were settled, and the remaining five are slated for appeal.
Honeywell has also resolved 113,000 claims outside court, the SEC filing states. Almost 52,000 Bendix-related claims remained unresolved as of the end of last year. Honeywell estimated that its liability for resolving pending and future claims is $517 million.
buhg1b
17 years ago
Honeywell, Harley-Davidson Draw a Rash of Bearish Bets
By Tennille Tracy
Word Count: 431 | Companies Featured in This Article: Honeywell International, General Electric, Wachovia, Zions Bancorp, Regions Financial, Harley-Davidson
Options traders took bearish bets on several companies expected to report earnings this week, including Honeywell International.
Trading in Honeywell jumped to an 11-month high on Monday, just days before the company is set to release first-quarter results on April 18.
Traders braced for Honeywell shares to slip after General Electric, another global conglomerate, missed its earnings expectations by a wide margin and said its net income dropped by 5.8%.
"People are betting that Honeywell and other diversified conglomerates might have some pain to bear as well," ...
Source: Wall Street Journal
buhg1b
17 years ago
Sweet Deal For Honeywell
Carl Gutierrez, 04.09.08, 2:05 PM ET
Supply contracts don't normally make news, but Honeywell International's $23 billion deal with Embraer was too big to ignore.
After the market closed on Tuesday conglomerate Honeywell International (nyse: HON - news - people ), announced it won a $23 billion contract to supply its HTF7000 series of turbofan propulsion engines to Brazilian commercial jet maker Embraer (nyse: ERJ - news - people ).
"It's no question this is a good move for Honeywell," said Paul Nisbet, an aerospace analyst at JSA Research. "It should result in somewhere in the neighborhood of $1 billion a year in revenues, which is a 3% increase over current levels, so this is not something to be sneezed at." Nisbet added that in signing the deal Honeywell outfoxed Rolls Royce and Pratt & Whitney which undoubtedly were trying to get their engines in the Embraer planes.
Despite starting the day strong, shares of Honeywell were dragged down by Wall Street's tough day, trading up only 0.9%, or 52 cents, to $57.71, in early-afternoon trading, while Embraer shares actually fell 1.1%, or 49 cents, to $43.12.
Christopher Glynn, an analyst at Oppenheimer, said that the revenues should start flowing in 2011 and the contract has 20-to-25 years of life to it. He pointed out, though, that the far bigger piece of the deal comes from the after-market lift.
"The original equipment content is in the engine, but those engines will have to be services regularly," Glynn said.
Honeywell said the HTF7500-E features new technology which reduces emissions and helps improve fuel efficiency. The engines are earmarked for Embraer's new MSJ and MLJ business aircraft.
"It would be safe to assume that over the next 20 years or so there will be over 1,000 of these Embraer aircraft built because they're talking about 2,000 engines and they're twin engine aircraft," Nisbet noted.
The contract follows Honeywell's March win at Gulfstream valued at $3 billion, an Air Tran contract earlier this year valued at $1 billion and an Airbus A350 deal announced in the fourth quarter valued at $16 billion.
The Associated Press contributed to this article
buhg1b
17 years ago
Honeywell Names Kramvis Head of Division
Monday March 24, 10:39 am ET
Honeywell Names Andreas Kramvis As President and CEO of Its Specialty Material Unit
MORRIS TOWNSHIP, N.J. (AP) -- Diversified manufacturer Honeywell International Inc. said Monday it named Andreas Kramvis as president and chief executive of its specialty materials unit, effective March 31.
Kramvis succeeds Nance Dicciani, 60, who plans to retire on April 14.
Kramvis, 55, had served as president of the company's environmental and combustion controls division since 2002. He will be replaced by Joe Puishys, who currently serves as president of Honeywell building solutions.
Puishys' building solutions role will be filled by Paul Orzeske, vice president of business projects for the company's automation and control solutions' security solutions business. Both Puishys, 49, and Orzeske, 46, will report to Automation and Control Solutions President and CEO Roger Fradin.
Kramvis will report to Chairman and CEO Dave Cote.
Shares of Honeywell International added 25 cents to $54.54 in morning trading.
http://biz.yahoo.com/ap/080324/honeywell_international_personnel.html?.v=1
buhg1b
17 years ago
"If you're the type of person that finds Honeywell products irresistible, then this might be what you're looking for.
Manufactured by SOYO (formerly a motherboard company that has now expanded into white-box products for corporate customers) the Honeywell SecuraDrive USB 1.8 inch hard drive's claim to fame is password protection, which can encrypt either the entire drive or just a partition. That's important, as the bus-powered drive is designed to fit within a pocket.
Housing Samsung SpinPoint N2 drives, the SecuraDrive will be available in 80-, 120-, and 160-GB capacities, for an estimated price of $249.99, $299.99 and $349.99 respectively. They will be sold beginning in December." http://www.gearlog.com/2007/10/soyo_launches_honeywellbranded.php
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