Honeywell
Description
Honeywell International, Inc. is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. The company operates three business units, known as a Strategic Business Unit–Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT).
Although Mark Honeywell’s Heating Specialty Company wouldn’t be founded until 1906, today’s Honeywell traces its roots back to 1885 when the Swiss-born Albert Butz invented the damper-flapper, a thermostat for coal furnaces, to automatically regulate heating systems.[8] The following year he founded the Butz Thermo-Electric Regulator Company
1986 marked a new direction for Honeywell, beginning with the acquisition of Sperry Aerospace.[8] The same year, they conceded control of the computer market to IBM and discontinued their computer business. In 1990, Honeywell spun off their Defense and Marine Systems business into Alliant Techsystems, as well as their Test Instruments division and Signal Analysis Center to streamline the company’s focus.[9]:177 Honeywell continues to supply aerospace products including electronic guidance systems, cockpit instrumentation, lighting, and primary propulsion and secondary power turbine engines.
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