Honeywell And The U.S. Army Team Up To Tackle Infrastructure Improvements At Largest U.S. Arsenal — Press Release
Filed under: Business Line, Companies, Events, Honeywell, Press Releases, production program
Rock Island Arsenal Joint Manufacturing and Technology Center to Receive Extensive Building Upgrades Expected to Provide $5.3 Million in Annual Savings
MINNEAPOLIS, Jan. 22, 2014 /PRNewswire/ — Honeywell (NYSE: HON) and the U.S. Army today announced a $61-million infrastructure modernization project at the Rock Island Arsenal Joint Manufacturing Technology Center (JMTC). The project will support critical infrastructure improvements at the industrial facility that will cut energy use by approximately 35 percent, and generate up to $5.3 million in annual energy and operational savings.
The Army launched the technology center upgrades through a 20-year energy savings performance contract with Honeywell that was awarded by the U.S. Army Corps of Engineers’ Engineering and Support Center in Huntsville, Ala. Honeywell guarantees the improvements will generate the target savings, which should repay the investment used to fund the work. As a result, the project requires no capital or additional taxpayer dollars upfront.
“We have been providing the best products and services to our armed forces for more than 150 years,” said Col. David J. Luders, commander for RIA-JMTC. “This project lets us tackle our aging infrastructure head on — a difficult task in light of budget cutbacks — so we can operate as efficiently as possible and support mission readiness.”
The 1.5-million-square-foot JMTC manufactures a wide variety of metal parts and systems for the Department of Defense, and is part of the Rock Island Arsenal Garrison located in Rock Island, Ill., the largest government-owned and operated Arsenal in the U.S.
JMTC accounts for two-thirds of the Garrison’s overall energy consumption. So along with the immediate savings, the project will help the Garrison meet the requirements of a Presidential Executive Order that calls for federal facilities to reduce energy consumption 30 percent by 2015.
As part of the project, Honeywell will implement a variety of facility improvements,
which includes installing high-efficiency HVAC systems, such as on-premise natural-gas heating that will allow the facility to disconnect from the Garrison’s central coal-fired steam plant. Another major upgrade is new plating and paint systems for the technology center. Almost 90 percent
of the parts produced at the facility go through plating and paint, receiving the surface coatings necessary to build hardened, durable components for Army equipment.
“Why pay bills that are higher than necessary because of energy waste?” said Paul Orzeske, president of Honeywell Building Solutions. “By improving overall efficiency, we’re able to use part of the current utility spend to solve complex infrastructure challenges. JMTC is a cornerstone of the community, and its aggressive approach to energy management will help ensure its legacy of service and support to the military and country.”
The project will save nearly 5.5 million kilowatt-hours of electricity each year — enough energy to power almost 490 homes on average. In addition, the Honeywell work is expected to deliver environmental benefits. As a result of transitioning to natural-gas heating, for example, annual coal use at the central plant will drop by approximately 12,000 tons.
With one of the largest Environmental Protection Agency air permits in Illinois, this will significantly reduce the Garrison’s eco-footprint, cutting an estimated 63 million pounds of carbon dioxide each year, the equivalent of removing more 6,300 cars from the road.
Honeywell and the Army will begin the project this month and expect to complete the upgrades by the first half of 2017.
A global leader in energy-saving technology and services, Honeywell has completed more than 5,000 guaranteed savings projects in buildings across the globe, work that will trim energy and operational costs by more than $5 billion. This includes upgrades to 150 U.S. government facilities.
For more information, follow @HoneywellBuild on Twitter or visit Honeywell Building Solutions on the Web.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
Bionic Ears Provide Combat Advantage, Hearing Protection for the Warfighter
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Filed under: Honeywell, Italy, Syndicated Industry News, United States
Expectations for Defense Earnings This Quarter — Seeking Alpha
Filed under: Business Line, Companies, Earnings, Events, Honeywell, logistics, production program, Rockwell Collins, Seeking Alpha
This is an exclusive post I wrote for Seeking Alpha looking at the upcoming earning reports from defense contractors.
NASA Awards Audit, Assessment and Assurance Services Contract — Press Release
Filed under: Business Line, Companies, Contract Awards, Events, Honeywell, logistics, Press Releases, space
NASA Awards Audit, Assessment and Assurance Services Contract
CLEVELAND, May 16, 2011 /PRNewswire-USNewswire/ — NASA selected Honeywell Technology Solutions Inc. of Columbia, Md., to provide safety audits, technical assessments and mission assurance support services for the agency.
This cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract has a period of performance of five years with a potential value of $96 million. The contract will be managed at the NASA Safety Center in Cleveland.
Honeywell Technology Solutions will provide support services associated with institutional safety assessment and hazard analysis; system safety hazard analysis; reliability, maintainability and risk analysis; mishap investigations; quality engineering and assurance; software safety and assurance; assessments/audits; analysis of assessments and audit results; and training and outreach associated with these services.
The NASA Safety Center supports the safety and mission assurance requirements of NASA’s portfolio of programs and projects. The center reports to the Office of Safety and Mission Assurance at NASA Headquarters in Washington. For information about the NASA Safety Center, visit:
For information about NASA and agency programs, visit:
SOURCE NASA
Honeywell Reports First Quarter Sales Up 15% to $8.9 Billion; Earnings Per Share Increases 40% to $0.88 — Press Release
Filed under: Business Line, Companies, development program, Events, Honeywell, logistics, Military Aviation, Press Releases, production program
Honeywell Reports First Quarter Sales Up 15% to $8.9 Billion; Earnings Per Share Increases 40% to $0.88
MORRIS TOWNSHIP, N.J., April 20, 2011 /PRNewswire/ —
Higher Than Expected Q1 Sales, Segment Margins, and EPS – Broad-Based Overdrive
11% Organic Growth Reflects Traction On New Products and Geographic Expansion
Momentum Expected To Continue, Raising 2011 Sales and EPS Guidance
2011 Sales Outlook Increased to $36.0 – 36.6B, Up 8-10% Year-Over-Year
2011 EPS Outlook Increased to $3.80 – 3.95, Up 27-32% Vs. 2010 Proforma EPS
Honeywell (NYSE: HON) today announced first quarter 2011 sales were up 15% to $8.9 billion versus $7.8 billion in 2010. Excluding the net impact from acquisitions and foreign exchange, sales were up a record 11% organically with stronger than anticipated growth across each of the company’s businesses. Earnings per share were up 40% to $0.88 versus $0.63 in the first quarter last year. Free cash flow (cash flow from operations less Capex) in the first quarter was $0.4 billion excluding pension contributions (cash flow from operations of a negative $0.4 billion due to a $1 billion contribution to the company’s U.S. pension fund).
“Honeywell is executing well and delivering terrific results, highlighted by another quarter of record organic sales growth, margin expansion, and higher than expected earnings per share,” said Honeywell Chairman and Chief Executive Officer Dave Cote. “I’m very pleased with our start to the year and the continued momentum we’re seeing across the portfolio. We had a particularly robust finish to the quarter with strength in our short-cycle businesses, as well as growth in commercial aerospace spares and the residential and commercial retrofit businesses. Orders in our short-cycle businesses have now increased eight consecutive quarters and our long-cycle backlog continues at near record levels. As a result of our strong first quarter and continued favorable outlook for our major markets, we’re raising our 2011 sales and EPS guidance.”
Honeywell now expects 2011 sales of $36.0-36.6 billion, up from $35.0-36.0 billion, reflecting an increase of 8-10% over 2010; and earnings in the range of $3.80-3.95 per share versus a previous estimate of $3.60-3.80 per share, an increase of 27-32% over 2010 proforma EPS of $3.00 (in each case, this excludes any mark-to-market pension adjustments). The company also reaffirmed that it expects free cash flow of $3.5-3.7 billion excluding any U.S. pension contributions in 2011 (cash flow from operations of $3.3-3.5 billion including pension contributions).
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Honeywell Completes Critical Design Review for Three Components for Military GPS Satellites — Press Release
Filed under: Business Line, Companies, development program, Events, Honeywell, Press Releases, Satellites, space
Honeywell Completes Critical Design Review for Three Components for Military GPS Satellites
PHOENIX, Aug. 18 /PRNewswire-FirstCall/ — Honeywell (NYSE:HON) announced today that its On Board Computer (OBC), Reaction Wheel Assembly (RWA) and Inertial Measurement Unit (IMU), which are part of the United States Air Force (USAF) Global Positioning Satellite (GPS) III program built by Lockheed Martin, have successfully completed Critical Design Reviews (CDRs).
“Achieving the CDR milestone demonstrates that the OBC, RWA and IMU have completed a rigorous design phase and utilizes the GPS III systems engineering and program management fundamentals,” said Dave Douglass, vice president of Space, Missiles and Munitions at Honeywell Aerospace. “The OBC will run flight software that provides attitude, power, and thermal control for the GPS III space vehicle.”
The total contract value for these three components to be delivered to Lockheed Martin Space Systems, prime contractor for the GPS III program, is more than $106 million through the life of the program. Honeywell’s OBC is part of the GPS III space vehicle’s telemetry, tracking and command subsystem, and provides redundant processors utilized throughout all phases of operation including launch, transfer orbit, nominal operations and disposal. It replaces older processor technology, and is the first radiation hardened high speed processing system based on PowerPC technology designed to operate through the harsh GPS III radiation environments.
Honeywell’s RWA and IMU are part of the attitude control subsystem. The RWA provides momentum control for the space vehicle, which allows it to provide more accurate positioning to ground GPS users. Honeywell’s IMU provides attitude reference information for the space vehicle and replaces older inertial sensor technology with fiber optic gyroscopes, extending mission capability by 50 percent.
The USAF GPS provides precise timing and positioning information for military and civil users. The GPS III system, scheduled to begin launching in 2014, will provide additional signals to improve accuracy as well as anti-jamming measures crucial for the U.S. military. Honeywell has delivered five OBC engineering development units to date in support of early flight software development and subsystem integration risk reduction initiatives.
Based in Phoenix, Arizona, Honeywell’s aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
Source: Honeywell
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Honeywell T-Hawk(TM) Unmanned Aerial Vehicle Reaches 10,000 Flight Milestone — Press Release
Filed under: Business Line, Companies, development program, Events, Honeywell, Military Aviation, Press Releases
Honeywell T-Hawk(TM) Unmanned Aerial Vehicle Reaches 10,000 Flight Milestone
Hover and Stare Capability Provides Real-Time Surveillance
PHOENIX, June 16 /PRNewswire-FirstCall/ — Honeywell (NYSE:HON) announced that its T-Hawk(TM) Micro Air Vehicle, the only fielded unmanned aerial vehicle (UAV) with hover and stare surveillance capability, has recorded its 10,000th flight since introduction.
The 10,000th flight was part of an Explosive Ordinance Disposal evaluation exercise in Iraq.
Honeywell’s T-Hawk micro air vehicle is a 17-pound vehicle that can hover and stare and offers an option of electro optical or infrared camera sensors for real-time surveillance without exposing soldiers to enemy fire.
“The T-Hawk is combat-proven in Iraq,” said Prabha Gopinath, Strategic Director, T-Hawk, for Honeywell Aerospace. “Honeywell’s T-Hawk has been used successfully to search for improvised explosive devices, to protect convoys and to hover over an objective area for continuous monitoring in advance of war fighter units.”
T-Hawk was introduced and fielded in Iraq with the U.S. Army in 2007.
At just 14 inches in diameter, the Honeywell T-Hawk vehicle is small enough for a backpack and can be deployed within five minutes. The T-Hawk features vertical take-off and landing and can fly up to 10,000 feet at 46 miles per hour, in winds up to 20 knots. Honeywell delivered the first production T-Hawks to the U.S. Navy in August 2009.
Based in Phoenix, Arizona, Honeywell’s aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
Source: Honeywell
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Despite Government’s Intentions Industrial Base Continues to Shrink
Filed under: Acquisitions, BAE Systems, Boeing, Business Line, Canada, Companies, Congress, Contract Awards, Countries, Department of Defense, development program, Events, Federal Budget Process, General Dynamics, Honeywell, Industry Analysis, Lockheed Martin, logistics, Northrop Grumman Corp., production program, Raytheon, Services
Both the Obama Administration and Congress are expressing concerns with the shrinking U.S. defense industrial base. Highlighted by the fact that there is only one American company, Boeing (BA), able to bid on the critical KC-X aerial tanker program the fact is over the last twenty years the available defense contractors has been contracting. Despite efforts by the government to spur more competition recent M&A activity only continues to shrink the supplier base.
Ideally the government wants as large an industrial base as possible to provide more competition and hopefully better prices. Congress is working on legislation to try and guide the Defense Department to consider new and innovative sources. Unfortunately as past performance ranks as one of the bigger considerations when a contract is awarded it is hard for new companies to break in, especially if they are selling hardware. The traditional suppliers like Boeing (BA), Lockheed Martin (LM), Raytheon (RTN), General Dynamics (GD) and Northrop Grumman (NOC) still dominate when it comes to aircraft, tanks and other major programs.
Over the last ten years there has been market penetration by the large European defense contractors especially by BAE Systems (BAE:L) of Great Britain. This company has made judicious acquisitions of U.S. contractors and now makes vehicles, artillery and support equipment for the U.S. military. EADS (EADS:P) through its U.S. subsidiary has some contracts with the military but is trying for the KC-X aerial tanker contract which will cement its role as a major U.S. supplier if they win.
Despite these plans M&A activity among defense contractors continues. Honeywell announced a major acquisition of the European firm, Sperian, to broaden their exposure to the personnel protection equipment market. The Canadian company, CGI, plans to acquire U.S. technical support contractor Stanley in another billion dollar deal significantly expanding their presence in the U.S. market.
These moves while good for the companies involved reduce options for the Defense Department. It is hard for a new company to break through unless they offer a significant price advantage then other contractors. Often though the military has been burned by going with the lowest price as these sometimes end up being unrealistic and the companies cannot deliver what is promised at the price awarded. This makes those evaluating bids gun shy of these situations. They end up preferring a known quantity at a higher price over an unknown one.
Unestablished suppliers sometimes have a hard time breaking through. Air Tractor, Inc. makes agricultural and utility aircraft. They are trying to bid on a new contract for Afghanistan. Since their rugged aircraft don’t have things like ejection seats or retractable landing gears they don’t meet some of the requirements. The company argues that those kind of needs are not really applicable and should be looked at again. Sometimes DoD places too many requirements on systems and that stifles innovation and prevents new products from being considered and this contract is an example.
Congress wants to use changes in policy to expand the supplier base but this may lead to risky contracts. The reflex to criticize the Defense Department and contractors when there are cost and schedule issues makes it hard to be innovative or different. The U.S. in order to gain industrial base expansion may need to spend money less efficiently.
Photo from stevecadman’s flickr photostream.
Honeywell to Offer to Acquire Sperian Protection in $1.4 Billion Transaction; Combination With Honeywell Safety Products to Create $1.8 Billion Global Personal Protection Equipment (PPE) Business — Press Release
Filed under: Acquisitions, Business Line, Companies, development program, Events, Honeywell, logistics, Press Releases
Honeywell to Offer to Acquire Sperian Protection in $1.4 Billion Transaction; Combination With Honeywell Safety Products to Create $1.8 Billion Global Personal Protection Equipment (PPE) Business
— Honeywell to make euro 117 per share all-cash tender offer for Sperian Protection shares representing a 93% premium on the spot price as of March 30th (last unaffected share price before Cinven’s offer) and a 67% premium over the price previously offered by Cinven — Sperian’s Board of Directors unanimously approves the tender offer agreement and intends to recommend Honeywell’s offer upon receipt of a fairness opinion — Essilor and Mrs. Dalloz, Sperian Protection’s two largest shareholders representing 28% of the share capital, have agreed to sell their shares to Honeywell, subject to regulatory approvals — Combination with Honeywell’s Life Safety division will establish a leading global provider of personal protection equipment with a full range of safety products in attractive, high-growth PPE industry — Transaction is expected to be dilutive to Honeywell by four cents per share in 2010 and accretive in 2011; No change to Honeywell’s 2010 EPS guidance
MORRIS TOWNSHIP, N.J. and PARIS, May 19 /PRNewswire-FirstCall/ — Honeywell (NYSE:HON) and Sperian Protection (Euronext: SPR) today announced Honeywell’s intent to acquire through a binding sale agreement with Essilor and Mrs. Ginette Dalloz and through the launch of an all-cash tender offer all outstanding shares of Sperian Protection with an aggregate transaction value of approximately USD $1.4 billion, including the assumption of net debt. Sperian Protection is a leader in personal protection equipment (PPE) design and manufacturing and will be combined within Honeywell’s Automation and Control Solutions’ Life Safety business.
In combination with Sperian, Honeywell anticipates that its Safety Products business will benefit from significant synergies, expanded access to global distribution channels, and a strong retail presence. The combined business will offer a full range of complementary “head to toe” products for those who work in environments where safety is paramount, including the general industrial, construction, fire service, and electrical safety segments.
“Sperian Protection’s Board of Directors has unanimously approved the tender offer agreement and intends to recommend Honeywell’s offer upon receipt of a fairness opinion,” said Henri-Dominique Petit, Chairman of the Board of Directors of Sperian Protection. “I’m pleased about the outcome of this process and believe with the Board that the transaction is in the best interests of Sperian, its employees, customers and shareholders, subject to conclusion of fairness opinion from an independent expert.”
Brice de La Morandiere, Sperian CEO, added, “We are very pleased to join together with Honeywell, an outstanding partner we know well and who shares our commitment to customers. Through their talent and dedication, Sperian employees have built a reference leader in the industry. I’m confident that, together with Honeywell, we will provide unmatched protection solutions in the marketplace and thus drive significant growth for our business and our people.”
“Sperian is an ideal fit to add to Honeywell’s great position in the growing PPE industry,” said Roger Fradin, President and CEO of Honeywell Automation and Control Solutions. “It has one of the most recognizable brand portfolios in the industry and a top-tier global customer base, and we have a great deal of respect for the Sperian leadership team and business. The company has built an impressive track record of long-term growth while continuing to invest in its future through R&D and global acquisitions. Like Honeywell, Sperian develops differentiated new products that customers demand. Combined with our Norcross acquisition in 2008, we are building a global leader in the fast-growing PPE industry, with worldwide distribution capabilities to deliver the highest quality products in both developed and emerging regions. This represents a terrific opportunity to once again derive value from our stellar acquisition integration process.”
The filing of Honeywell’s offer to the French “Autorites des Marches Financiers” is not subject to any condition precedent and will occur at the latest before the opening of the market on Friday, May 21, 2010. The opening of the offer is subject to approval of the French “Ministere de l’Economie, de l’Industrie et de l’Emploi” on foreign investments and final recommendation of Sperian’s Board of Directors upon receipt of a fairness opinion.
Essilor (holding 15.0% of the capital) and Mrs. Ginette Dalloz (holding directly and indirectly 13.2% of the capital) have entered into a binding agreement for the sale of their Sperian Protection shares to Honeywell, at the same price of euro 117 per share. This sale is subject to EU and U.S. anti-trust clearance and to the approval of the Ministere de l’Economie, de l’Industrie et de l’Emploi on foreign investments. This sale will be completed immediately upon the satisfaction of these conditions precedent.
The completion of the offer would be subject to the successful tender of shares by Sperian shareholders representing no less than 57% of the diluted number of shares (including Essilor and Mrs. Dalloz stakes) as well as EU and U.S. anti-trust clearance. Pending regulatory approvals, Honeywell expects the transaction to close in the third quarter of 2010.
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Honeywell Acquires Demand Response and Smart Grid Leader Akuacom — Press Release
Filed under: Business Line, Companies, development program, Events, Honeywell, IT, logistics, Press Releases
Honeywell Acquires Demand Response and Smart Grid Leader Akuacom
Acquisition Enables Broad Deployment of Commercial Demand Response, Adds to Honeywell’s Smart Grid Technology and Expertise
MINNEAPOLIS, May 7 /PRNewswire-FirstCall/ — Honeywell (NYSE:HON) today announced the acquisition of San Rafael, Calif.-based Akuacom, a leader in automated demand response technology and services for the smart grid. The Akuacom Demand Response Automation Server provides utilities and independent system operators (ISOs) two-way communication with energy management systems at commercial and industrial sites. This gives utilities and ISOs the ability to automate the delivery of price and reliability signals to these facilities, and more effectively trim peak demand, adding to Honeywell’s energy management and smart grid portfolio.
Terms of the transaction were not disclosed.
“Akuacom deepens our involvement in making the electrical grid smarter, more secure and more reliable,” said Paul Orzeske, president of Honeywell Building Solutions. “We have decades of experience working with utilities to meet their peak-load reduction goals, and a presence in more than 10 million commercial buildings and thousands of industrial plants. Akuacom provides the bridge between both sets of customers.”
Utilities and ISOs use demand response to reduce consumption when electricity is expensive and demand outpaces supply — usually on hot days when air conditioners and cooling equipment are running in most facilities. By working with their customers to control energy use, utilities and ISOs save money by eliminating the need for additional peaking power plants, which typically run only when electricity use spikes. Customers reduce costs as well by shifting consumption to times when prices and rates are lower.
Demand response also helps utilities avoid disruptive brownouts and blackouts. And it enables large-scale renewable energy adoption by absorbing the variability that comes with solar, wind and other sustainable resources.
However, letting commercial and industrial facilities know when demand and prices are expected to jump has been a manual or semi-automatic exercise — cumbersome for all parties. Akuacom is the first to fully automate this process.
“Honeywell is the ideal partner to bring scale to Akuacom’s unique technology,” said Clay Collier, chief executive officer of Akuacom. “We can give facilities across the globe quick, easy access to demand response programs, and greater control over how they use and pay for energy.”
The technology is based on the Open Automated Demand Response (OpenADR) protocol, a communication standard developed by Lawrence Berkeley National Laboratory, and selected by the National Institute of Standards and Technology and U.S. Department of Energy (DOE) for the smart grid. This open, standards-based approach allows almost any facility to participate in demand response programs. Energy management systems from more than 30 vendors, including Honeywell, can currently connect to the Demand Response Automation Server with an Internet connection.
“We strongly support open standards, and will continue to develop offerings that leverage existing communication infrastructure, provide significant value to utilities and empower end users to make smart energy choices with minimal effort,” Orzeske said. “Those elements are essential for quickly expanding the reach and impact of the smart grid.”
Akuacom will be integrated into Honeywell Building Solutions, a global provider of energy and utility services, as well as building automation technology and support services. The acquisition complements Honeywell’s experience in managing all aspects of utility-sponsored demand response programs — from program design and load-control technology to marketing and customer support.
With 30 years of experience in the utility industry, Honeywell is the largest implementer of residential demand response in North America. It also has the best-selling demand response thermostat, UtilityPRO, a touchscreen device designed specifically for residential programs. Honeywell has given utilities combined control of more than 1 gigawatt of peak load, which is equivalent to the generation capacity of approximately 20 gas-fired peaking plants.
In addition, Honeywell was one of only four non-utility companies to receive a Smart Grid Investment Grant (SGIG) from DOE as part of the American Recovery and Reinvestment Act. It is using the grant to support a critical peak pricing response program that will use Akuacom’s technology to help approximately 700 commercial and industrial facilities in the Southern California Edison service territory reduce peak consumption and costs. Honeywell is also helping other organizations with projects tied to the SGIGs.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Building Solutions is part of the Honeywell Automation and Control Solutions business group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Building Solutions: www.honeywell.com/buildingsolutions.
Honeywell Names Air Works First Authorized Service and Support Center for India — Press Release
Filed under: Business Line, Companies, Countries, Events, Honeywell, India, logistics, missile defense, Press Releases
Honeywell Names Air Works First Authorized Service and Support Center for India
Air Works Agreement Covers Avionics and Mechanical Service for Dassault and Gulfstream Operators New Facility Expected to be Operational by June
GENEVA, May 4 /PRNewswire-FirstCall/ — EBACE — Honeywell (NYSE:HON) today announced that it has named India-based Air Works as a regional forward-stocking location partner for key mechanical and avionics parts.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080425/LAF040LOGO)
“This agreement allows Honeywell to expand its support capabilities for Gulfstream and Dassault operators in India and the Middle East regions by positioning line replaceable units (LRUs) intended for aircraft on ground (AOG) support in Bangalore, India,” said Paolo Carmassi, president, Europe, Middle East and Africa, Honeywell Aerospace. “Local support in this growing area of the world is critical, and the agreement with Air Works reflects our commitment to continuously improve customer satisfaction, asset availability and support regional operators and OEMs.”
Honeywell will be supplying Air Works with a variety of products for Gulfstream and Dassault aircraft including, but not limited to:
— Fuel Pumps
— Full Authority Digital Electronic Controls
— Digital Electronic Engine Control
— Display Units
— Navigation and Guidance Units
— Enhanced Grounded Proximity Warning Units
— Various modules for our integrated avionics systems
As an authorized Honeywell Service Center, Air Works will have the capability to support Falcon 2000, Falcon 900 and Falcon F7X aircraft as well as Gulfstream GIV, GV, G450, and G550 aircraft.
“Our goal is to ship parts within 24 hours of order receipt and we are driving for a fully stocked operation by June,” Carmassi said. “Expanding our service network into India means we are better positioned to keep our customers in the region flying.”
Based in Phoenix, Arizona, Honeywell’s aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
Source: Honeywell
Honeywell Green Jet Fuel(TM) Powers U.S. Navy Green Hornet for Biofuels Certification Flight — Press Release
Filed under: Business Line, Companies, development program, Events, Honeywell, logistics, Military Aviation, Press Releases
Honeywell Green Jet Fuel(TM) Powers U.S. Navy Green Hornet for Biofuels Certification Flight
Fuel produced using process technology from Honeywell’s UOP under contract from U.S. Defense Energy Support Center
DES PLAINES, Ill., April 22 /PRNewswire-FirstCall/ — UOP LLC, a Honeywell (NYSE:HON) company, announced today that Honeywell Green Jet Fuel(TM) produced using Honeywell UOP’s renewable jet fuel process technology powered a U.S. Navy F/A-18 Super Hornet flight as part of the Navy’s efforts to certify the use of alternative fuels in military aircraft.
The F/A-18 Super Hornet, dubbed the Green Hornet by the Navy, was fueled with a 50/50 mixture of Green Jet Fuel made from camelina oil and petroleum-derived military jet fuel. The flight was held at the Naval Air Warfare Center in Patuxent River, Md., and was attended by Secretary of the Navy Ray Mabus. This is one of a series of biofuel test flights that will be conducted by the Navy F/A-18 Super Hornet test program and marks the first flight of a supersonic jet with afterburners flying on a biofuels blend.
The fuel was produced by Honeywell’s UOP business unit using its Green Jet Fuel process technology under a project for U.S. Defense Energy Support Center (DESC). Honeywell’s UOP is producing up to 190,000 gallons of fuel for the Navy and 400,000 gallons for the U.S. Air Force from sustainable, non-food feedstocks, including animal fats, algae and camelina.
The Navy plans a total of 17 flights as part of the certification program. The Air Force is undergoing similar testing and held its first demonstration flight with an A-10 Thunderbolt II in March. The aircraft also flew with a 50/50 blend of Green Jet Fuel made from camelina and petroleum-derived military jet fuel in both engines.
“These flights are critical to demonstrating the viability of fuels made from non-food, sustainable feedstocks and enabling the certification of Green Jet Fuel for military aircraft,” said Jennifer Holmgren, vice president and general manager of UOP’s Renewable Energy & Chemicals business. “We have already proven that our technology produces a viable fuel in commercial flight applications and look forward to the results of these certification tests.”
Honeywell UOP’s Green Jet Fuel process technology was originally developed in 2007 under a contract from the U.S. Defense Advanced Research Projects Agency (DARPA) to produce renewable military jet fuel for the U.S. military.
The process is based on hydroprocessing technology commonly used in today’s refineries to produce transportation fuels. It produces an aviation biofuel that can be blended seamlessly with petroleum-based fuel. When used as part of as much as a 50 percent blend with petroleum-derived jet fuel, Green Jet Fuel is a drop-in replacement that requires no changes to the aircraft technology and meets all critical specifications for flight.
Camelina, the biofeedstock that was converted to make the fuel for the Navy test flight, is an inedible plant that grows in conditions where other food crops cannot and is considered a sustainable, second-generation resource because its cultivation and harvesting do not deplete valuable food, land or water resources. Camelina for the Navy demonstration flight was provided by Sustainable Oils.
Honeywell’s UOP, a recognized global leader in process technology to convert petroleum feedstocks to fuels and chemicals, is developing a range of processes to produce green fuels from natural feedstocks. In addition to its Green Jet Fuel process technology, the company has commercialized the UOP/Eni Ecofining(TM) process to produce Honeywell Green Diesel(TM) from biological feedstocks. It has also a joint venture with Ensyn Corp. in Envergent Technologies LLC, which offers pyrolysis technology for the production of renewable heat, power and transportation fuels.
Honeywell’s Aerospace business unit supplies auxiliary power units, navigation avionics, displays, exterior lighting, wheels, brakes and other mechanical equipment for the F/A-18 Super Hornet.
UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly-owned subsidiary of Honeywell International, Inc. and is part of Honeywell’s Specialty Materials strategic business group. For more information, go to www.uop.com.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
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US Navy Buys Micro UAV’s
Filed under: Contract Awards, development program, Honeywell, Military Aviation, New Mexico, U.S. Navy
Honeywell was awarded a contract by the US Navy to provide micro, ducted fan Unmanned Aerial Vehicles. New Mexico Business Weekly reports that the $65 M contract will supply 95 of the systems. The T-Hawk has already been used in combat situations in Iraq and is a saucer shaped vehicle with the ability to carry video cameras for pin point reconnaissance. The primary use of UAV like these by the US Military is to provide as close as possible real time intellgence in support of tactical operations. Read more
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