Honeywell International on Thursday announced the $1.9 billion purchase of aerospace and defense contractor CAES Systems Holdings to boost its defense portfolio. The company said the addition of ...
In August 2020, Honeywell replaced defense contractor Raytheon Technologies (now RTX) in the Dow Jones Industrial Average-- giving the Dow more exposure to a variety of industrial end markets.
Honeywell has pointed out several challenges, such as persistent supply chain disruptions affecting production schedules and delivery timelines and geopolitical tensions impacting both defense and ...
"The conglomerate structure that once suited Honeywell no longer does, and the time has come to embrace simplification," Elliott said in a letter to Honeywell. It believes Honeywell should ...
Honeywell’s stock was rallying into record territory Tuesday after activist investor Elliott calls for the end of the company’s “conglomerate” structure. Photo: AFP via Getty Images ...
"Most disappointing is that this significant underperformance has occurred despite a historically strong end-market for aerospace and defense, which accounts for nearly half of Honeywell's profit ...
The West Palm Beach-based hedge fund aims to break up Honeywell's automation and aerospace businesses. Elliott Investment Management acquired a $5 billion stake in Honeywell. Elliott urges ...