Honeywell
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It 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] In 2023, the corporation had a global workforce of approximately 95,000 employees.[1][4] The current chairman is Darius Adamczyk and the chief executive officer (CEO) is Vimal Kapur.[5]
For other uses, see Honeywell (disambiguation).Company type
- Honeywell Inc.
- AlliedSignal Inc.
1906 in Wabash, Indiana, U.S.
Mark C. Honeywell (for the Honeywell Inc. line)
Worldwide
US$36.66 billion (2023)
US$7.159 billion (2023)
US$5.672 billion (2023)
US$61.53 billion (2023)
US$16.43 billion (2023)
c. 95,000 (2023)
- Honeywell Aerospace Technologies
- Honeywell Automation India
- Intermec
- RAE Systems
- Honeywell UOP
- Tridium
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]
Criticism[edit]
On March 10, 2013, The Wall Street Journal reported that Honeywell was one of sixty companies that shielded annual profits from U.S. taxes.[214] In December 2011, the non-partisan liberal organization Public Campaign criticized Honeywell International for spending $18.3 million on lobbying and not paying any taxes during 2008–2010, instead getting $34 million in tax rebates, despite making a profit of $4.9 billion, laying off 968 workers since 2008, and increasing executive pay by 15% to $54.2 million in 2010 for its top five executives.[215]
Honeywell has also been criticized in the past for its manufacture of deadly and maiming weapons, such as cluster bombs.[216]