Our Company


Honeywell's Five-Year Plan for 2014 to 2018 focuses on continued innovation, enhanced customer value, robust cash allocation, and a global focus to achieve double-digit earnings growth.

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Honeywell’s innovative technologies are making our world cleaner and more sustainable, more secure, connected, energy efficient, and productive.

Honeywell invents and manufactures technologies that address some of the world’s most critical challenges around energy, safety, security, productivity and global urbanization. We are uniquely positioned to blend physical products with software to support connected systems that improve homes, buildings, factories, utilities, vehicles and aircraft, and that enable a safer, more comfortable and more productive world. Our solutions enhance the quality of life of people around the globe and create new markets and even new industries.

Today, nearly half of our revenue is linked to energy efficient products, and a growing portion supports clean air and clean water to promote good and safe living - especially in parts of the world where the need is greatest. We are committed to enabling a better quality of life and a cleaner, more sustainable environment for future generations.

More than half of our engineers are focused on software and 100% of our global software divisions are compatible with Capability Maturity Model Integration (CMMI®) Maturity Level 5, which enables continuous improvement and innovation for products that are intuitive, reliable, and meet customer needs.

As a Fortune 100 company with approximately $40B in sales in 2015 and 118% total shareowner return over the last five years, Honeywell has established a track record of strong financial performance over time. We routinely set and achieve challenging five-year financial targets that distinguish us from our peers.

HOW WE OPERATE

Great Positions in Good Industries
Honeywell’s Great Positions in Good Industries have been a huge driver of our growth, both organically and through acquisition. We maintain a “Diversity of Opportunity” in our portfolio to balance across industries, such as homes and buildings, commercial aviation, defense and space, oil and gas, chemicals, industrial, vehicles and more. Our diverse portfolio dramatically reduces the risk that any one product, industry or geography that will make or break our company.

Software
With more than 127,000 employees worldwide including 22,000 engineers and scientists, we continue to build on our track record of innovation, creating technologies that blend physical and information sciences.

Our strong industrial heritage gives us the unique ability to blend physical products with software to make our solutions more connected, efficient and productive. As digital and physical solutions merge and the Internet of Things (IoT) expands to transform the way we live and work, reliability, safety and security are critical. Domain knowledge matters greatly and everything must work - right from the beginning and reliably over a long period of time.

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The Honeywell User Experience
Through our Honeywell User Experience (HUE) initiative, we deliver high-quality, smart and practical products that are easy to install, use and maintain. We use HUE to develop a deep understanding of the needs of our users in order to design intuitive, desirable and differentiated end-to-end experiences.

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The Honeywell Operating System (HOS) Gold
HOS Gold brings our growth strategies, people management and process improvement tools together to promote breakthrough growth and productivity across our Gold Business Enterprises. These enterprises marry small company speed and entrepreneurial-ism with the scale and efficiencies of a large company to bring highly differentiated solutions to market faster than the competition.

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Commitment to Sustainability & Safety
We focus every day on ensuring the well-being of our customers, our employees, the communities where we operate and the environment.

We exceeded our first public goal to reduce global greenhouse gases by more than 30 percent and improve energy efficiency by more than 20 percent between 2004 and 2011. We met our second goal to reduce greenhouse gas emissions by an additional 15 percent per dollar of revenue from the 2011 levels three years early, and, in 2015, we announced a third public goal to reduce our global greenhouse gas emissions by an additional 10 percent per dollar of revenue from our 2013 levels by 2019.

Honeywell has also committed to maintain our global worker safety performance – measured by the number of occupational injuries and illnesses per 100 employees – at less than half of the combined U.S. averages of the businesses in which we operate. We employ a rigorous audit process to ensure we meet and exceed all standards and regulatory requirements in every jurisdiction in which we operate.

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OUR BUSINESSES

Honeywell Aerospace
Honeywell Aerospace innovates and integrates thousands of products, software and services to advance and more easily deliver safe, efficient, productive and comfortable transportation experiences worldwide. Our offerings are found on virtually every commercial, defense and space aircraft, and our turbochargers are used by nearly every automaker and truck manufacturer around the world.

We develop innovative solutions for more fuel-efficient and environmentally friendly airplanes and vehicles, more direct and on-time flights, safer flying and reduced runway and flight traffic plus engines, cockpit and cabin electronics, wireless connectivity equipment and services, logistics and more. With nearly 500 new introductions this year alone and tens of millions of products in the market, Honeywell’s hardware and digitally-delivered software and applications help airports, flight crews, passengers and drivers improve fuel economy and performance while enabling people to get to their destinations more quickly and safely.

Our unique legacy in both Aerospace and automotive industries helps the company create some of the most innovative and high-performing vehicle turbochargers in the world that can enable a V4 turbocharged engine to perform like a V6 non turbocharged engine while providing 20-40% greater fuel efficiency. We leverage our expertise to drive future innovations in Turbo Technologies and in electric boosting solutions.

Honeywell Automation and Control Solutions
Honeywell Automation and Control Solutions (ACS) transforms the way people live and work throughout the world with connected technologies and experiences. From thermostats and security systems that talk to homeowners and know when they’re home or away, to greener buildings whose connected systems improve efficiency and reduce operating costs, to wearable technologies that make workers safer, more mobile and more productive – sensors, software and connectivity are at the core of everything we do.

No one knows the home better than Honeywell. With technologies in more than 150 million homes worldwide, Honeywell helps homeowners stay connected and in control through the convenience of their mobile devices. Connected thermostats and home controls, fire and security systems, air and water purification are among our many products that provide homes around the world with greater comfort and safety.  

Buildings that use Honeywell’s technologies are smarter and more versatile. Our building-automation technologies can be found in more than 10 million buildings, where we drive value for owners and occupants by helping ensure facilities are safe, comfortable and sustainable. We are a global leader in energy efficiency programs, security and life safety systems as well as the technologies and software that connect these systems to increase operational and productivity improvements.

Honeywell’s connected technologies also enhance productivity and safety for more than half a billion workers annually. Our productivity solutions include rugged mobile computers, voice-enabled software and workflows, bar code scanners, and printing solutions. We offer the largest portfolio of personal protective equipment, including connected offerings that track the locations and status of workers and first responders in hazardous locations.

Performance Materials and Technologies
Honeywell Performance Materials and Technologies (PMT) is a global leader in designing and creating high-purity, high-quality performance chemicals and materials and software-based systems to safely and efficiently operate complex industrial facilities. 

Honeywell manufactures environmentally friendly refrigerants, specialty plastics and high purity chemicals used to make products as varied as bullet-resistant armor, nylon, computer chips and pharmaceutical packaging.  Honeywell UOP provides refining, petrochemical and gas processing technologies and software services that are the foundation for the world’s oil and gas industry, and Honeywell Process Solutions (HPS) is a pioneer in software-based automation controls, instrumentation and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals, life sciences, and metals, minerals and mining industries.   Combined, Honeywell UOP and HPS provide customers with a fully integrated solution to de-risk and accelerate projects that increase safety, start-up facilities sooner and operate at peak performance.
            
PMT is developing the technologies of tomorrow, including new applications for the Industrial Internet of Things, advanced software services for smart and connected plants, new refining conversion technologies to make better use of our energy resources, and new barriers and films to enhance product performance and safety.