Honeywell International Inc. is an American multinational conglomerate headquartered in Charlotte, North Carolina. The company operates across aerospace, building automation, industrial automation, and energy solutions sectors.
Honeywell traces its roots to 1885 when Albert Butz patented the furnace regulator and alarm. The company grew through mergers, most notably the 1927 combination of Minneapolis Heat Regulator Company and Honeywell Heating Specialty Co. that created Minneapolis-Honeywell Regulator Co.
Today Honeywell serves customers in over 95 countries. The company provides products ranging from aircraft engines and building control systems to industrial software and quantum computing solutions.
Honeywell International History
Honeywell International Co-founders
Honeywell International Acquisitions
Honeywell has grown through strategic acquisitions across aerospace, building technologies, and industrial automation. The company deployed a record $14.6 billion in capital during 2024, including $8.9 billion on four major deals.
In June 2024, Honeywell completed its acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion. This deal added security brands LenelS2, Onity, and Supra to Honeywell’s portfolio. The acquisition strengthened Honeywell’s building automation segment with cloud-based security solutions.
Honeywell acquired CAES Systems from Advent International for $1.9 billion in September 2024. CAES expanded Honeywell’s defense technology solutions across land, sea, air, and space platforms including the F-35, EA-18G, and Navy Radar systems.
The 1999 merger with AlliedSignal created today’s Honeywell International. AlliedSignal brought aerospace, automotive, and engineered materials businesses. Earlier, the 1986 purchase of Sperry Aerospace made Honeywell the leading avionics integrator.
In 2000, Honeywell acquired Pittway Corporation for $2.2 billion to expand its fire protection and security systems business. The company continues targeting acquisitions aligned with automation, aviation, and energy transition megatrends. Honeywell announced the acquisition of Sundyne for $2.16 billion in 2025, adding engineered pumps and compressors for process industries.
Honeywell International Market Cap
Honeywell’s market capitalization stands at approximately $127 billion as of December 2025. This ranks the company as the 149th most valuable globally. The stock trades on the NASDAQ under the symbol HON.
Honeywell International Revenue
Honeywell generated $38.5 billion in revenue during fiscal year 2024, a 5% increase from the prior year. The Aerospace Technologies segment contributed the largest share at 38% of total revenue.
Honeywell International Competitors
Honeywell competes across aerospace, building automation, industrial automation, and performance materials. The company faces rivals in each segment, from Siemens in building controls to Raytheon Technologies in aerospace.
| Company | Headquarters | Primary Segment |
|---|---|---|
| Siemens AG | Germany | Building Automation, Industrial |
| Johnson Controls | Ireland | Building Technologies, HVAC |
| General Electric | United States | Aerospace, Energy |
| ABB Ltd | Switzerland | Robotics, Industrial Automation |
| Schneider Electric | France | Energy Management, Automation |
| 3M Company | United States | Safety, Industrial Products |
| Raytheon Technologies | United States | Aerospace, Defense |
| Emerson Electric | United States | Automation, Climate Tech |
| Rockwell Automation | United States | Industrial Automation |
| Zebra Technologies | United States | Warehouse, Productivity |
FAQs
When was Honeywell founded?
Honeywell traces its origins to 1885 when Albert Butz patented the furnace regulator. The Honeywell name came from the 1927 merger that created Minneapolis-Honeywell Regulator Co.
Where is Honeywell International headquartered?
Honeywell International is headquartered in Charlotte, North Carolina. The company relocated from Morristown, New Jersey in October 2019.
What does Honeywell manufacture?
Honeywell manufactures aerospace systems, building automation controls, industrial software, safety equipment, performance materials, and quantum computing solutions for global customers.
Who is the CEO of Honeywell?
Vimal Kapur serves as Chairman and CEO of Honeywell. He assumed the CEO role in June 2023 after previously leading Honeywell’s performance materials business.
Is Honeywell a Fortune 500 company?
Yes, Honeywell ranks 115th on the Fortune 500 list. The company generated $38.5 billion in revenue during 2024 and employs approximately 102,000 people worldwide.
