Honeywell

**Honeywell International Inc** <tr><td colspan="2" style="text-align: center; padding: 16px 0 16px 0;"></td></tr>
Type	Public (NYSE: HON)
Founded	1886 in Minneapolis, Minnesota, (as Heat Regulator Company)
Location	Morristown, New Jersey <tr><th style="text-align:right;">Key people</th><td>David Cote, CEO & Chairman</td></tr><tr><th style="text-align:right;">Industry</th><td>Conglomerates</td></tr><tr><th style="text-align:right;">Products</th><td>Aerospace & Defence</td></tr><tr><th style="text-align:right;">Revenue</th><td>$25.601B USD (9.8% FY '03 to '04)</td></tr><tr><th style="text-align:right;">Employees</th><td>108,000</td></tr><tr><th style="text-align:right;">Website</th><td>www.honeywell.com</td></tr>

Honeywell (NYSE: HON) is a major American multinational corporation that produces electronic control systems and automation equipment. It is a major supplier of engineering services and avionics for NASA, Boeing and the United States Department of Defense. The company was founded by and named after Mark C. Honeywell, a pioneer in automation technology.

The company is headquartered in Morristown, New Jersey. Its current chief executive officer is David M. Cote.

Honeywell was one of the eight major computer companies (with IBM - the largest, Burroughs, Scientific Data Systems, Control Data Corporation, General Electric, RCA and UNIVAC) through most of the 1960s. In 1970, Honeywell bought General Electric's computer division; in 1991 Honeywell's computer division was sold to Groupe Bull.

The current corporation is the product of a merger between AlliedSignal and Honeywell Inc. in 1999. The company chose to keep the name "Honeywell International Inc.," but moved its headquarters from Minneapolis, Minnesota to New Jersey. Honeywell is a Fortune 50 company with a workforce of over 100,000.

Honeywell has many brands that consumers may recognize. Perhaps the most recognizable product is its line of home thermostats, particulary the famous round variety.

1 Corporate governance
2 Divisions
3 Stock
4 GE-Honeywell merger attempt
5 Onondaga Lake
6 See also
7 External links

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Corporate governance

Current members of the board of directors of Honeywell are: Gordon Bethune, Jaime Chico Pardo, David Cote, Scott Davis, Clive Hollick, James Howard, Bruce Karatz, Russ Palmer, Ivan Seidenberg, Brad Sheares, Eric Shinseki, John R. Stafford, and Michael W. Wright.

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Divisions

Aerospace
Automation and Control Solutions
Specialty Materials
Transportation Systems

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Stock

Honeywell is traded under the ticker symbol HON on the NYSE with a market capitalization of US$30 billion (2006). The company is part of the Dow Jones Industrial Average Index NYSE: DJI

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GE-Honeywell merger attempt

General Electric attempted to acquire Honeywell in 2001, at which time Honeywell was valued at over $40Bn. The merger was cleared by American authorities but was blocked by the European Commission's Competition Commissioner, Mario Monti. This decision was taken on the grounds that with GE's dominance of the small jet engine market (CF34), leasing services (GECAS) and Honeywell's portfolio of regional jet engines and avionics the new company would be able to "bundle" products and stifle competition, in much the same way that Microsoft has been accused of decimating its rivals, with the "bundled" Windows Media Player or Internet Explorer for example.

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Onondaga Lake

The now defunct Allied Chemicals, now owned by Honeywell International is being held responsible for the clean up of Onondaga Lake in Syracuse, New York for their mass depositing of mercury and salt over the years. The highest concentration of mercury is believed to be in the tributary of Onondaga Lake known as Nine Mile Creek, which was a major dumping ground for Allied Chemical.

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