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Teachers & Students Research to Improve Chesapeake Bay Health in Honeywell Ecosystem Program

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More than 70 gifted middle school and high school students recently worked alongside top scientists and researchers collecting and analyzing data on the health of the Chesapeake Bay as part of the Honeywell Institute for Ecosystems Education.  The two week summer science and environmental program for students in grades 6 through 10 ran from July 6 to July 19 at the University of Maryland Center for Environmental Science’s Horn Point Laboratory in Cambridge, Maryland.

The Honeywell Institute for Ecosystems Education, started in 2010, is coordinated through the Maryland State Department of Education’s Gifted and Talented Summer Center.  Its goal is to increase students’ awareness of environment issues in ways that will inspire them to contribute to changes in their community, work with local scientists, influence local politicians and pursue careers in environmental science, math, technology and engineering (STEM) education. 

Maryland Delegate Adelaide “Addie” Eckhart, a longtime advocate for education and the environment, praised the 73 students and 15 teachers for their active participation in local conservation efforts. “The Chesapeake Bay is an integral part of our community's well being, and we thank Honeywell for their ongoing commitment to our students, teachers and community,” she said.  “By engaging students in the issues and sciences that are of critical importance to our state, the Honeywell Institute for Ecosystems Education program ensures that we have both local and global stewards to safeguard our environment for years to come.”

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Dave Cote Discusses Strong 2nd Quarter Performance on CNBC’s Mad Money

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Honeywell Chairman and CEO Dave Cote appeared on CNBC’s Mad Money with Jim Cramer on July 21 to discuss Honeywell’s strong Q2 earnings and how the company will continue to drive its strategy for growth.  

Cote emphasized the importance of Great Positions in Good Industries, high-quality earnings and strong cash flow as keys to the company’s continued outperformance.  He highlighted Honeywell’s leading solutions in the oil industry that work to get the most out of every barrel of oil, and viable biofuel technology that produces fuel from natural, renewable sources like algae and camelina.  Additionally, Cote discussed the company’s continued focus on cash, driving strong free cash flow through high quality earnings and working capital, and generating great returns through CAPEX investments. 

“Our cash flow has been very good, and it is going to continue to be good,” he said.    

Watch the full interview.  

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New Honeywell Survey Shows Passengers are Willing to Give Up Flight Conveniences for Wi-Fi

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In its second wireless connectivity survey, Honeywell finds that in-flight Wi-Fi is becoming increasingly influential on a passenger’s buying and wireless usage behavior, including flight selections and, in some cases, paying more for specific flights.  The survey affirms that fliers today expect constant and speedy Wi-Fi when traveling.  The availability of Wi-Fi influences flight selection for 66% of passengers and nearly one in four have paid more for a flight with Wi-Fi.  Almost half of the respondents would be willing to give up another convenience to have Wi-Fi access as fast as it is at home, including enduring airport security twice.  

Watch the video to learn more about what passengers are willing to trade for good in-flight Wi-Fi.    

“You can pack your own meals, but you can’t pack your own Wi-Fi,” said Jack Jacobs, vice president, Marketing and Product Management, Honeywell Aerospace. “The commercial aviation industry has to pay attention to meet the demands of passengers, giving them the freedom to stay connected whenever and wherever they want. Honeywell’s survey affirms that consumers are accustomed to easy access to Wi-Fi, and they expect it to be fast and consistent like at home or work. Those expectations are expanding up into the sky.”

The research was conducted by Kelton among more than 1,000 adults in the United States who have used Wi-Fi on planes within the past 12 months. 

Read the press release.

 

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Honeywell To Train Next-Gen Technicians At Largest Vietnam Refinery

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Honeywell Process Solutions will train technical personnel at Nghi Son Refinery and Petrochemical Limited Liability Company’s (NSRP) new 200,000 barrel-per-day complex being built in Thanh Hoa Province, Vietnam. Honeywell will be responsible for helping to prepare the workforce for the refinery’s 2017 start-up as well as the ongoing operational and business readiness of the facility.

Nghi Son Refinery will be the country’s second, and largest, refinery and will meet about 30 percent of Vietnam’s growing demand for refined petroleum products, such as motor fuel and petrochemicals. Vietnam is a net exporter of crude oil, producing more than 350,000 barrels per day of crude oil. But with limited refining capacity, the country currently imports more than half of its refined products to meet demand.

“This refinery will be an important part of Vietnam’s energy picture, enabling us to turn our own vast oil reserves into finished products,” said Kazutoshi Shimmura, general director of NSRP.

For more information, read the press release

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Honeywell 2Q 2014 Sales Up 6% To $10.3 Billion; EPS Of $1.38 Per Share

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Honeywell announced its results for the second quarter of 2014 with sales growth of 6 percent over previous year earnings.  Organic sales were up 3% due to strong execution across the portfolio and earnings per share (EPS) up 8 percent to $1.38.  The company announced that it is raising its low-end proforma EPS guidance to $5.45 – $5.55 from $5.40 – $5.55.  

“Honeywell had another terrific quarter and a very good first half of 2014,” said Honeywell Chairman and CEO Dave Cote. “Strong execution across our businesses and continued momentum across the portfolio helped us to deliver stronger than expected earnings. We saw 6% sales growth and margin expansion in every business as our key growth and productivity initiatives continue to make a difference. Our short-cycle businesses, particularly Energy, Safety and Security and Turbo Technologies, are benefiting from improving end markets, new product introductions, and geographic expansion, while our long-cycle businesses are growing robust backlogs supported by favorable macro trends and strong win rates. Our recently announced closing of the sale of Friction Materials was a significant step in our effort to align the Honeywell portfolio around Great Positions in Good Industries. We believe that our portfolio is well positioned for continued growth. As a result of our first half performance, we are raising the low-end of our 2014 proforma EPS guidance by $0.05 with the expectation of improved organic growth and continued margin expansion in the second half of the year.”

Read the press release

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Honeywell Celebrates 10th Anniversary Of Inspiration At Honeywell Educators @ Space Academy

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Honeywell Educators @ Space Academy (HESA) celebrated its 10th anniversary of helping math and science teachers inspire the next generation of scientists. With demand growing for STEM-related jobs and only 16 percent of high school seniors proficient in mathematics, the program – which includes two simulated Space Shuttle Missions – takes teachers beyond the classroom and encourages them to share their experiences with students.

“HESA inspired me and in turn touched my students in a unique way. Years later, I was thrilled when I learned that the young engineer at Kennedy Space Center speaking about his wonderful job was one of my former students,” said David Auerbach, HESA 2006 alumni and middle school teacher from Canaan, New Hampshire.

HESA has reached more than 2 million students since its launch in 2004, inspiring more than 2,000 teachers from 55 countries and 52 U.S. states and territories. To mark the program's decade-long run, 10 alumni were selected – one representing each year – to be the guests of honor at the 10-year celebration.

Visit the Honeywell Educators @ Space Academy Facebook page or watch this video to learn more.

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