Honeywell

Honeywell International Inc. stands as one of the world's most diversified industrial conglomerates, operating across four primary business segments that address some of the most critical challenges facing modern industry: aerospace technologies, building automation, industrial automation, and energy and sustainability solutions. Headquartered in Charlotte, North Carolina, Honeywell employs approximately 102,000 people globally and generated $38.5 billion in revenue in fiscal 2024, serving customers in virtually every major industry from commercial aviation and defense to manufacturing, oil and gas, healthcare, and smart buildings. The company's technology portfolio spans from aircraft cockpit systems and auxiliary power units to advanced building management software, industrial sensors and controls, warehouse automation solutions, and sustainable materials. With a history tracing back to 1885 when inventor Albert Butz patented the furnace regulator and alarm, Honeywell has evolved through strategic acquisitions and technological innovation to become an essential supplier of mission-critical systems used in millions of aircraft, buildings, factories, and energy facilities worldwide.

Honeywell's Aerospace Technologies segment represents the largest business unit, generating $15.46 billion in revenue (38.46% of total) in 2024 and establishing the company as one of the world's largest publicly traded aerospace suppliers. Honeywell technology is found on virtually every commercial and defense aircraft platform worldwide, providing propulsion systems, cockpit avionics, navigation systems, wheels and brakes, auxiliary power units, and connectivity solutions. The company's aerospace portfolio includes advanced systems for aircraft manufacturers like Boeing and Airbus, as well as aftermarket services and software solutions such as Honeywell Forge Performance+ for Aerospace, an AI-enabled platform that helps manufacturing and MRO facilities modernize production and reduce operational costs. Beyond aerospace, Honeywell's Building Automation segment ($8.26 billion, 20.54% of revenue) delivers hardware, software, sensors, and analytics that convert buildings into integrated, safe, and sustainable assets, with solutions deployed in more than 10 million buildings worldwide. The company's Safety and Productivity Solutions segment ($10.05 billion, 25.01%) provides personal protective equipment, gas detection systems, productivity tools, and warehouse automation technology, while the Energy and Sustainability Solutions segment ($6.43 billion, 15.99%) addresses the global energy transition with offerings spanning carbon capture, hydrogen technologies, advanced materials, and process solutions for refineries and chemical plants.

In 2024 and 2025, Honeywell embarked on one of the most significant strategic transformations in its history following pressure from activist investor Elliott Investment Management, which took a $5 billion stake in the company. On February 6, 2025, Honeywell announced plans to separate into three independent publicly traded companies: Honeywell Aerospace (with $15 billion in annual revenue), Honeywell Automation (with $18 billion in revenue combining building and industrial automation businesses), and an Advanced Materials company (with nearly $4 billion in revenue focused on specialty chemicals). This separation, intended to be completed in the second half of 2026 and structured to be tax-free to shareholders, reflects CEO Vimal Kapur's strategic realignment around three megatrends—automation, the future of aviation, and energy transition. The restructuring positions each independent entity to pursue tailored growth strategies, accelerate innovation, and unlock shareholder value while maintaining leadership in their respective markets. With a record backlog of $35.3 billion, strong financial performance including 7% sales growth in Q4 2024 to $10 billion, and strategic partnerships such as the $17 billion Bombardier agreement and collaboration with Google on AI-enabled autonomous operations, Honeywell continues to demonstrate its ability to adapt to evolving market demands while maintaining technological leadership across its diverse portfolio.

Honeywell's commitment to innovation extends beyond product development to encompass sustainability, operational excellence, and inclusive workplace culture. The company has received recognition including placement on Disability:IN's "Best Place to Work for Disability Inclusion" list in 2023, reflecting its values of integrity, diversity, workplace respect, and collaboration. With fiscal 2025 guidance projecting sales of $39.6-40.6 billion with organic growth of 2-5% and adjusted EPS of $10.10-10.50, Honeywell maintains its position as a diversified industrial leader capable of delivering critical technologies across multiple high-growth sectors. The company's market capitalization of $124.38 billion and consistent profitability—with $5.71 billion in net income in fiscal 2024—underscore investor confidence in Honeywell's ability to execute its transformation strategy while continuing to serve customers across aerospace, buildings, industrial processes, and energy systems with innovative solutions that make the world smarter, safer, and more sustainable.