News for Honeywell
Feb 25 · 8:57:00 PM · Source: Company Press Release
Honeywell announced today that its 12th Turbine-Powered Civil Helicopter Purchase Outlook projects flat overall deliveries of new civil use helicopters during the five-year period 2010 – 2014 compared to the 2005 - 2009 period.
Continued soft economic growth prospects in key markets, lingering tight credit conditions, high inventories of used current production models for sale, and weak new order intake are still constraining growth.
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by Michael Oliveto
Feb 12 · 9:49:00 PM
Honeywell declared a regular quarterly dividend in the amount of $.3025 per share payable March 10, 2010 to shareholders of record on February 19, 2010.
At today''s $37.86 stock price the dividend yield is 3.20%.
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by Michael Oliveto
Feb 10 · 4:39:00 PM · Source: PR NewsWire
Honeywell announced that it would be turbocharging 70% of the U.S. diesel light truck segment following the launch of Ford's2011 Super Duty Trucks. Ford joins General Motors in adopting Honeywell turbo technologies to boost its line of light duty diesel trucks.
"Partnering with Ford to introduce our industry-first DualBoost technology on its iconic Power Stroke engines exemplifies our technology leadership and demonstrates our ability to provide customized turbo solutions that meet specific engine requirements," said Alex Ismail, President and CEO, Honeywell Transportation Systems. "We are confident that DualBoost will be another success story as part of our technology portfolio for light duty diesel
trucks."
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by Michael Oliveto
Jan 1 · 2:43:00 PM · Source: MSN Money
Honeywell Aerospace officials said that the 265-person layoff reported to the state of Arizona stems from work being shifted from Phoenix to locations in Mexico and Czech Republic.
Honeywell spokesman Bill Reavis the action is part of a 700-postion shift of aerospace positions from Phoenix to Chihuahua, Mexico, and Olomouc, Czech Republic.
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by Michael Oliveto
Jan 1 · 2:41:00 PM · Source: EE Times Asia
Pioneer Corp. has reached a patent agreement with Honeywell granting it the right to use Pioneer's technology for automotive and portable GPS navigation devices. The agreement also grants to Pioneer the right to use Honeywell's patented technology for navigation devices.
Pioneer had filed a complaint with the International Trade Commission against Honeywell and Garmin International Inc. for infringing Pioneer's GPS navigation patents, including U.S. Patent Nos. 5,424,951 and 6,122,592. Honeywell will be released from the matter while the investigation against Garmin will continue. In a separate investigation at the ITC begun by Honeywell against Pioneer and others more than one year ago, Pioneer received a favorable ruling from the Administrative Law Judge. It was found that Pioneer products do not infringe any valid claim of the asserted Honeywell patents. The matter will now be terminated following ITC approval.
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by Michael Oliveto
Nov 5 · 1:28:00 PM · Source: Reuters
Honeywell International announced that it has declared a regular quarterly dividend of $0.3025 per share on the Company's outstanding common stock.
The dividend is payable on December 10, 2009 to shareowners of record at the close of business on November 20, 2009.
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by Michael Oliveto
Oct 27 · 4:48:00 PM · Source: Reuters
Honeywell today announced that its process control technology was selected by Valorly, a division of the French utility Suez Environnement, to help increase the amount of thermal and electrical energy Valorly generates from residential waste.
The resulting renewable energy will help meet 2020 European Union commitments for heat and transport sector requirements. The project involves the migration of Valorly's existing process control system to Honeywell's Experion® Process Knowledge System and will be undertaken at Valorly's Rillieux-la-Pape production plant.
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by Michael Oliveto
Oct 23 · 3:25:00 PM · Source: Press Release
Honeywell reported Q3 earnings of $0.80 per share on net income of $619 million versus $0.97 per share on net income of $723 million in the year ago period.
“Honeywell is positioning its businesses for long-term growth by continuing to invest in new products and services, geographic expansion, and key process initiatives," said Honeywell Chairman and Chief Executive Officer Dave Cote. "We executed well in the third quarter with sales on track and better than expected earnings and free cash flow performance. We're particularly pleased with our free cash flow performance year-to-date, which reflects our strong operating disciplines and working capital controls. These results reflect the impact of the growth investments and productivity actions we have taken in the midst of tough market conditions."
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by Michael Oliveto
Oct 23 · 10:09:00 AM · Source: Company News Release
Honeywell International Inc., the maker of controls for planes and buildings, said third-quarter profit fell 15 percent to $608 million, or 80 cents a share, from $719 million, or 97 cents, a year earlier. Third quarter 2009 sales were $7.7 billion, in line with expectations, versus $9.3 billion in the third quarter last year
The company topped analysts’ estimates as cost savings at its largest units helped compensate for lower demand.
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by Larry Etter
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