Tag: Honeywell International

LYNCHBURG, Va.—Honeywell International was hired by the Nelson County school system in February to implement safety measures and improve security at the four public schools, according to the News & Advance.  “We only have one chance to get it right,” Honeywell representative Ron Faw said at a Feb. 29 school board meeting, according to the report. “Chances are we're doing all this for something that will never happen. But we don't get a do-over.” All four schools will...

MORRISTOWN, N.J.—Honeywell International Inc. on March 5 set a target of increasing overall company sales to more than $50 billion by 2018 as it spends $10 billion on acquisitions and continues to expand profit margins, according to a news report from Reuters. Honeywell, the U.S. diversified manufacturer of security systems, aerospace parts and climate control, also said it expects earnings to grow at a double-digit pace in percentage terms over the next five years, the report said. Honeywell,...

MORRISTOWN, N.J.—Honeywell International reported a stronger quarterly profit as it cut costs and sold more security systems for buildings and turbochargers for cars and trucks, nudging its shares to a lifetime high, according to a recent Thomson Reuters report.The 13 percent increase in profit, helped by higher margins and a lower tax bill, beat analysts' expectations and the company raised the lower end of its full-year profit forecast, the July 19 report said.Honeywell, which also supplies...

NORTHFORD, Conn.—Honeywell's Golden Valley, Minn. business announced recently that it will buy a global gas-detection firm based in California, according to a company statement. The company plans to purchase San Jose, Calif.-based RAE Systems for about $340 million, though the acquisition is still subject to regulatory approval, according to the report. Once the acquisition is complete, RAE will be incorporated into the gas-detection portfolio of Honeywell Life Safety, based here. RAE generates...

NORWALK, Conn.—More than 170 new companies will make their debut on the ISC West show floor, according to a statement from the organization. Scheduled for April 10-12, 2013 in Las Vegas, at the Sands Expo & Convention Center, the show will feature more than 1,000 manufacturers and providers of security equipment and services, including ASSA ABLOY, Axis Communications, Bosch Security Systems, Honeywell International, Tyco Security Products, Samsung Techwin Americas and others. The in-demand...