Based in Charlotte, NC, Honeywell International Inc. is a global diversified technology and manufacturing company, with a wide range of products and services. Its diversified portfolio of solutions serves customers globally with aerospace products and services, energy efficient products and solutions for businesses, and process technology, specialty chemicals, electronic and advanced materials for refining and petrochemicals. On a geographical basis, the company has operations in the United States (57% of 2023 net sales), Europe (22%) and other international markets (21%). Exiting 2023, it had an employee base of 95,000 people. Its business segments are discussed hereunder:
Aerospace (37.2% revenues came from this segment in 2023) 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. The segment develops laser communication products for satellite communication in collaboration with market partners. It has solid footprints in the aerospace industry, with commercial aviation original equipment (17.6% of Aerospace revenues in 2023), commercial aviation aftermarket (45.8%) and defense (36.6%) being major business sources.
Industrial Automation segment (31.4%) offers industrial automation solutions for customers in oil and gas, petrochemicals, life sciences, and warehouse and logistics and metals and mining industries. It provides a wide range of automation control, and instrumentation products and services like smart energy products, sensing technologies, gas detection technologies and personal protective equipment, software and analytics for manufacturing, distribution and fulfilment operations.
Building Automation segment (16.4%) offers environmental & energy solutions, security and fire, and building solutions. Some of the products offered by it include sensors, switches, control systems and instruments for energy management as well as advanced software applications for building control and optimization. Its Forge solutions allow users to digitally manage buildings, connecting data from different assets, boost building performance and protect from security threats.
Energy and Sustainability Solutions (15%) segment is a provider of petrochemical & refining technologies, carbon management and refrigeration & heating solutions across multiple sectors.
