December, 2010

Honeywell’s UOP Wins Sustainable Energy Award for Groundbreaking Biofuels Technology

UOP has been awarded the American Institute of Chemical Engineers (AIChE) 2010 Sustainable Energy Award for its work on biofuels process technology. “Since our founding more than 90 years ago, UOP has been committed to developing the technology that our customers will need for tomorrow,” said Rajeev Gautam, President and CEO of Honeywell’s UOP. “The [...]

Posted on Thursday, December 23, 2010

Honeywell Defense and Space Recognized by Aviation Week Magazine for Program Excellence

Aviation Week Magazine has awarded Honeywell a Program Excellence Award for the Power Thermal Management System (PTMS) on the Lockheed Martin F-35 joint strike fighter. Aviation Week’s Program Excellence Award recognizes and promotes program execution excellence in terms of performance, leadership capability, and outstanding lessons learned. The criteria are based on the best elements [...]

Posted on Monday, December 20, 2010

Honeywell UOP Technology Selected by Petrobras for Two New Refineries to Expand Diesel Production

UOP LLC, a Honeywell company, announced that Petroleo Brasileiro S.A. (Petrobras) has selected UOP to provide all of the process technologies for two new maximum diesel refineries to be built in Brazil. UOP hydrocracking and hydrotreating technologies will be used to produce high-quality diesel fuel from Brazilian national crude oils at two new refineries. Petrobras [...]

Posted on Thursday, December 16, 2010

Honeywell Forecasts 2011 Sales of $35-36 Billion; Earnings Per Share of $3.50-3.70

• Company Forecasts 6-9% Sales Growth in 2011 • Strong Revenue Conversion Drives Margin Expansion • 2011 EPS Growth of 17-24% Excluding 2010 Mark-to-Market Pension Adjustment • Continued Strong Cash Flow in 2011; FCF $3.5 to 3.7B Prior to 2011 Pension Funding Honeywell announced that it expects 2011 sales of $35 to 36 billion, up [...]

Posted on Wednesday, December 15, 2010

Honeywell’s Spectra Fiber Helps Lift Beams for Reconstruction of San Francisco-Oakland Bay Bridge

(photo is courtesy of CalTrans) Honeywell announced that its high-strength Spectra® fiber is serving as a key component of industrial slings that are lifting the tower sections of the reconstructed San Francisco-Oakland Bay Bridge. The fiber, which is pound-for-pound 15 times stronger than steel but light enough to float, is used as a reinforcement [...]

Posted on Monday, December 13, 2010

Honeywell to Increase Dividend by 10%

Honeywell announced that its Board of Directors has approved a 10% increase, or $0.12 per common share, in the company’s regular annual cash dividend rate to $1.33 from $1.21 per common share, effective with the first quarter 2011 dividend payment. The actual declaration of any future dividends and the establishment of the record dates related [...]

Posted on Friday, December 10, 2010