Honeywell
 |
|
| Public | |
| Traded as | |
| Industry | Conglomerate |
| Predecessor | Honeywell Inc. AlliedSignal Inc. |
| Founded | 1906 Wabash, Indiana |
| Founder | Mark C. Honeywell |
| Headquarters | Morris Plains, New Jersey, United States |
|
Area served
|
Worldwide |
|
Key people
|
David M. Cote (Chairman and CEO) |
| Revenue |
 US$38.58 billion (2015) |
 US$6.586 billion (2015) |
|
|
US$4.768 billion (2015) |
|
| Total assets |
US$49.31 billion (2015) |
| Total equity |
US$18.28 billion (2015) |
|
Number of employees
|
129,000 (2015) |
| Website | honeywell |
Honeywell International Inc. is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. The company operates three business units, known as Strategic Business Units – Honeywell Aerospace, Honeywell Automation and Control Solutions, and Honeywell Performance Materials and Technologies.
Honeywell is a Fortune 100 company. In 2016, Honeywell ranked 75th in the Fortune 500. Honeywell has a global workforce of approximately 130,000, of whom approximately 58,000 are employed in the United States. The company is headquartered in Morris Plains, New Jersey. Its current chief executive officer is David M. Cote. The company and its corporate predecessors were part of the Dow Jones Industrial Average Index from December 7, 1925 until February 9, 2008.
The company's current name, Honeywell International Inc., is the product of a merger in which Honeywell Inc. was acquired by the much larger AlliedSignal in 1999. The company headquarters were consolidated with AlliedSignal's headquarters in Morristown, New Jersey; however the combined company chose the name "Honeywell" because of its superior brand recognition. In 2015, the headquarters were moved to Morris Plains.
Honeywell has many brands that commercial and retail consumers may recognize, including its line of home thermostats (particularly the iconic round type) and Garrett turbochargers. In addition to consumer home products Honeywell itself produces, such as thermostats, sensors, security alarm systems, and air cleaners and dehumidifiers, the company also licenses its brand name for use in various retail products made by partner manufacturers such as air conditioners, heaters, fans, security safes, home generators, and paper shredders.
Although Mark Honeywell’s Heating Specialty Company was not established until 1906, today’s Honeywell traces its roots back to 1885 when the Swiss-born Albert Butz invented the damper-flapper, a thermostat for coal furnaces, to automatically regulate heating systems. The following year 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. As the years passed, CTCC struggled with growing debts, and they underwent several name changes in an attempt to keep the business afloat. After the company was renamed to 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. On February 23, 1898 he bought out the remaining shares of the company from the other stockholders.
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Wikipedia