Honeywell International Inc - Company Profile
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Business Description
Honeywell International Inc (Honeywell) is an engineering and technology company, which invents and manufactures technologies that address challenges in energy, security, safety, productivity, and global urbanization.
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R&D Overview
The company’s R&D efforts focus on designing, engineering, manufacturing, and testing new products, components, and systems; and accelerating time-to-market and securing specialization and experience in different markets. Delivering innovative goods through research & development and technological excellence, besides expanding market share and achieving profitable growth. In FY2022, it spent US$1,478 million on R&D, which as a percentage of revenue, stood at 4.2%, and increased 11% YoY.
Business Segments
- Aerospace
- Honeywell Building Technologies
- Performance Materials and Technologies
- Safety and Productivity Solutions
- Corporate and All Other
Overview
Delivers products, services, and tools for aircraft. Provides services to original equipment manufacturers and other clients in a variety of end markets such as air transport, regional airlines, business and general aviation aircraft, aircraft operators, and defence and space contractors. Offers aircraft wheels and brakes, auxiliary power units, integrated avionics, electric power systems, flight safety, communications, environmental control systems, engine controls, data and software applications, navigation hardware, radar and surveillance systems, advanced systems and instruments, satellite and space components, propulsion engines, and thermal systems. Provides wireless connectivity, aircraft lighting, spare parts, management and technical services, repair, overhaul and maintenance services to aircraft operators, and connected solutions and data services for the aftermarket. In FY2022, the company reported capital expenditure of US$246 million, which decreased 13% YoY.
Performance
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Overview
Provides products, software, solutions and technologies to commercial building owners and occupants. Offers remote patient monitoring systems; advanced software applications for building control and optimization; video surveillance; access control; fire products; sensors, switches, control systems and instruments for energy management; and installation, maintenance and upgrades of systems. In FY2022, the company reported a capital expenditure of US$74 million, which increased 11% YoY.
Performance
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Overview
Designs and manufactures automation systems, process technologies, and performance chemicals and materials. Includes UOP, Process Solutions and Advanced Materials businesses. UOP business provides process technology products including catalysts and adsorbents, equipment, and consulting services for the production of gasoline, jet fuel, diesel, petrochemicals and renewable fuels for petroleum refining, petrochemical, gas processing, and other industries. Process Solutions business offers instrumentation, automation control, advanced software and related services for the oil and gas, refining, industrial power generation, life sciences, pulp and paper, biofuels, metals, chemicals and petrochemicals, minerals, and mining industries. Offers solutions to utilities and distribution companies for the deployment of advanced capabilities that transform operations, improve reliability and environmental sustainability, and serve customers efficiently. Advanced Materials business manufactures a wide range of products including materials used for manufacturing end products such as nylon, bullet-resistant armor, and computer chips and pharmaceutical packaging. Provides low and reduced global-warming potential materials, which are based on hydrofluoric-olefin technology. In FY2022, the company reported a capital expenditure of US$318 million, which increased 20% YoY.
Performance
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Overview
Provides products, software and connected solutions for improving productivity, workplace safety and asset performance. Includes Safety and Productivity Solutions businesses. Safety products include gas detection technology; personal protection equipment, apparel, gear, and footwear for work, play and outdoor activities; and cloud-based notification and emergency messaging. The products and services under Productivity Solutions include custom-engineered sensors, switches and controls for sensing and productivity solutions; supply chain and warehouse automation equipment, software and solutions; mobile devices and software for computing, data collection and thermal printing; and software-based data and asset management productivity solutions. In FY2022, the company reported a capital expenditure of US$50 million, which decreased 74% YoY.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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