Honeywell International

Type: Public
Founded: 1906, 1999 by merger with AlliedSignal
Headquarters: Morristown, New Jersey
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Industry:
Products: Aerospace & Defense , Automation & Control Solutions , Specialty Materials
Website: www.honeywell.com

General Information

Honeywell (NYSE: HON) is a major American multinational corporation that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations.

Honeywell is a Fortune 500 company with a workforce of over 100,000. The company is headquartered in Morristown, New Jersey. Its current chief executive officer is David M. Cote. The company is part of the Dow Jones Industrial Average Index.

Honeywell has many brands that consumers may recognize. Some of the most recognizable products are its line of home thermostats, particularly the iconic round type, and automotive products sold under the names of Prestone, Fram, and Autolite.

Today

The current 'Honeywell International Inc.' is the product of a merger between AlliedSignal and Honeywell Inc. in 1999. Although AlliedSignal was twice the size of Honeywell, the combined company chose the name 'Honeywell' because of its superior brand recognition. However, the corporate headquarters were consolidated to AlliedSignal's headquarters in Morristown, New Jersey rather than Honeywell's historic former headquarters in Minneapolis, Minnesota. When Honeywell closed its corporate headquarters in Minneapolis, more than one-thousand employees lost their jobs. A few moved to Morristown or other company locations, but the vast majority were forced to find a new job or retire. Soon after the merger, the company's stock fell significantly, and the stock value only regained the pre-merger level in 2007.