ROLLE, Switzerland–(BUSINESS WIRE)– Garrett Motion Inc. (NYSE: GTX) today filed a lawsuit in the Supreme Court of the State of New York against Honeywell International Inc. (NYSE: HON), related entities and certain affiliated officers and directors. The lawsuit follows Garrett’s unsuccessful efforts to reach a negotiated solution with Honeywell’s executive team to avoid litigation. The… Continue reading Garrett Motion Files Lawsuit Against Honeywell Over Unusual Asbestos Indemnity
Author: Honeywell Official News
Honeywell To Release First Quarter Financial Results And Hold Its Investor Conference Call On Thursday, April 18
MORRIS PLAINS, N.J., March 28, 2019 /PRNewswire/ — Honeywell (NYSE: HON) will issue its first quarter financial results before the opening of The New York Stock Exchange on Thursday, April 18. The company will also hold a conference call with investors at 8:30 a.m. EDT. Conference Call Details To participate on the conference call, please dial… Continue reading Honeywell To Release First Quarter Financial Results And Hold Its Investor Conference Call On Thursday, April 18
Honeywell’s New Trading Business Uses Blockchain Technology To Modernize Buying And Selling Of Aviation Parts
PHOENIX, Dec. 17, 2018 /PRNewswire/ — Honeywell (NYSE: HON) is bringing the ease of everyday online buying and selling to the aviation parts industry with GoDirect™ Trade. The new e-commerce platform will improve access to new and used aircraft parts for airlines, air transport and business aviation customers by offering transparent pricing and the option… Continue reading Honeywell’s New Trading Business Uses Blockchain Technology To Modernize Buying And Selling Of Aviation Parts
Honeywell Completes Acquisition Of Transnorm
FORT MILL, S.C., Nov. 9, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced that it has completed its acquisition of warehouse automation solutions provider Transnorm. Honeywell acquired the Harsum, Germany-based Transnorm from IK Investment Partners for approximately €425 million in a deal that was announced in October. Transnorm is a global leader in high-performance conveyor solutions… Continue reading Honeywell Completes Acquisition Of Transnorm
Alfa Laval Packinox Joins Honeywell Connected Plant Program
DES PLAINES, Ill., Sept. 18, 2018 /PRNewswire/ — Honeywell (NYSE: HON) UOP today announced Alfa Laval Packinox has joined its Honeywell Connected Plant initiative to help refiners make their operations safer, more efficient and more reliable. Through the Honeywell Connected Plant initiative, Alfa Laval can help refiners and petrochemical producers improve the ease of operation and… Continue reading Alfa Laval Packinox Joins Honeywell Connected Plant Program
Garrett Motion Inc. Hosts Investor Conference, Highlights Business and Technology Growth Drivers
“ MORRIS PLAINS, N.J., Sept. 6, 2018 /PRNewswire/ — Garrett Motion Inc., the planned Honeywell spin-off of its Transportation Systems business, will host its investor conference in New York City today, led by President and Chief Executive Officer Olivier Rabiller. As part of the conference, Rabiller and other members of the Garrett leadership team will… Continue reading Garrett Motion Inc. Hosts Investor Conference, Highlights Business and Technology Growth Drivers
Honeywell Announces Garrett as Company Name for Transportation Systems Business After Spin-Off
MORRIS PLAINS, N.J., June 14, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its Transportation Systems business will rebrand itself “Garrett – Advancing Motion” upon successful completion of the previously announced spin which is expected to close before the end of the third quarter. The Garrett name ties back to Honeywell’s turbo origins in the… Continue reading Honeywell Announces Garrett as Company Name for Transportation Systems Business After Spin-Off
Hyundai to use $388 million to expand Alabama plant
SEOUL, May 30 (Yonhap) — Hyundai Motor Co. said Wednesday it will invest 419 billion won ($388 million) to construct an engine head production facility at its existing Alabama plant. Engine heads to be produced at the Alabama plant will be used in new models of the Sonata and Elantra sedans. The head machining plant… Continue reading Hyundai to use $388 million to expand Alabama plant
Honeywell Announces Alessandro Gili as CFO for Transportation Systems Spin
ROLLE, Switzerland, May 18, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced Alessandro Gili has been named Chief Financial Officer for its Transportation Systems business, a position he previously held with luxury performance sports car maker Ferrari since 2015. Gili will join the Transportation Systems leadership team June 1 as it prepares to spin into a… Continue reading Honeywell Announces Alessandro Gili as CFO for Transportation Systems Spin
Honeywell Delivers Outstanding First-Quarter Results Driven By Strong Sales Performance Raises 2018 Guidance
• Reported Earnings per Share of $1.89, Up 11%; Excluding Separation Costs, EPS of $1.95, Up 14%• Reported Sales Up 9%; Organic Sales Up 5% Driven by Aerospace, Intelligrated, and Process Solutions• Operating Cash Flow of $1.1 Billion and Free Cash Flow1 (Excl. Separation Costs) of $1.0 Billion, Up 30%• Deployed Nearly $950 Million in Capital… Continue reading Honeywell Delivers Outstanding First-Quarter Results Driven By Strong Sales Performance Raises 2018 Guidance