# HONEYWELL INTERNATIONAL INC

Summary updated: 2026-03-19T02:15:37.397751Z
Canonical: https://finbar.com/research/companies/honeywell-international

## Overview

Honeywell International Inc. is a global industrial technology company serving customers across aerospace, industrial automation, buildings, and energy and sustainability end markets. It manages its business through four segments—Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions—and its offerings include aircraft systems and aftermarket services, industrial automation and sensing solutions, building controls and fire and security systems, and process technologies and advanced materials used in refining, sustainable fuels, refrigeration, and other energy-transition applications [1](https://app.finbar.com/go?id=P-b2ed881a1ce9431891cd724fab1a7e15)[2](https://app.finbar.com/go?id=T-bbc4edef5c1e427693485956b3556505)[3](https://app.finbar.com/go?id=T-b59bc532a8dc4dcdb056fd7750bf75bd)[4](https://app.finbar.com/go?id=T-dfc464fcacb842ec97028fd34097aa4e)[5](https://app.finbar.com/go?id=T-403ba0dd13f240739bb2fda5815c867c).

Honeywell describes itself as an integrated operating company serving industries and geographies worldwide, with products and solutions intended to make the world safer, more comfortable, productive, smarter, more secure, and more sustainable; its public-facing brand line is “The Future Is What We Make It” [6](https://app.finbar.com/go?id=P-191f84dd08964b8a9c5f083edb8cfcf3)[7](https://www.honeywell.com/us/en). In 2024, the company generated $38.498 billion of sales, including $21.819 billion in the U.S., $8.760 billion in Europe, and $7.919 billion in other international markets [8](https://app.finbar.com/go?id=T-75fabbc97faa4004bc3b2f2297a29cb8). At year-end 2024, Honeywell employed about 102,000 people across 77 countries and operated approximately 722 locations, including 174 manufacturing sites, underscoring its broad global footprint [9](https://app.finbar.com/go?id=T-3ce8afd3aaa74739836f85bfbefc8825)[10](https://app.finbar.com/go?id=P-4d3169f25afc40b0af2ec7a29b06a7ea).
[1](https://app.finbar.com/go?id=P-b2ed881a1ce9431891cd724fab1a7e15)[2](https://app.finbar.com/go?id=T-bbc4edef5c1e427693485956b3556505)[3](https://app.finbar.com/go?id=T-b59bc532a8dc4dcdb056fd7750bf75bd)[4](https://app.finbar.com/go?id=T-dfc464fcacb842ec97028fd34097aa4e)[5](https://app.finbar.com/go?id=T-403ba0dd13f240739bb2fda5815c867c)[6](https://app.finbar.com/go?id=P-191f84dd08964b8a9c5f083edb8cfcf3)[8](https://app.finbar.com/go?id=T-75fabbc97faa4004bc3b2f2297a29cb8)[9](https://app.finbar.com/go?id=T-3ce8afd3aaa74739836f85bfbefc8825)[10](https://app.finbar.com/go?id=P-4d3169f25afc40b0af2ec7a29b06a7ea)[7](https://www.honeywell.com/us/en)

## Products & services

Honeywell’s product portfolio spans aerospace systems, industrial automation, building technologies, and energy and materials offerings. In Aerospace Technologies, its named products and services include auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight-safety systems, communications and navigation hardware, radar and surveillance systems, aircraft lighting, satellite and space components, aircraft wheels and brakes, thermal systems, plus spare parts, repair, overhaul, maintenance, and licensing and intellectual-property offerings. The segment also includes Honeywell Forge software for predictive maintenance, predictive analytics, fleet management, and more efficient flight operations. Aerospace Technologies generated $15.458 billion of 2024 sales, making it Honeywell’s largest segment by revenue.[11](https://app.finbar.com/go?id=P-60b7cfb524aa45b2b54208c962ebece3)[12](https://app.finbar.com/go?id=T-e0b8a9f1704b4d4f88dcf513a3183991)

In Industrial Automation, Honeywell sells automation control and instrumentation products and services, smart energy products, custom-engineered sensing technologies, gas-detection technologies, personal protective equipment, advanced automation equipment, and software and analytics for manufacturing, distribution, and fulfillment operations. The segment’s offerings are positioned around improving asset utilization, operational efficiency, labor productivity, energy use, emissions, and cybersecurity, with Honeywell Forge and machine-learning/AI-enabled tools used to digitally enable products and projects. Industrial Automation generated $10.051 billion of 2024 sales.[3](https://app.finbar.com/go?id=T-b59bc532a8dc4dcdb056fd7750bf75bd)[12](https://app.finbar.com/go?id=T-e0b8a9f1704b4d4f88dcf513a3183991)

In Building Automation, Honeywell’s products include software for building control and optimization, sensors, switches, control systems, and instruments for energy management, as well as access-control, video-surveillance, and fire products; related services include installation, maintenance, and system upgrades. Honeywell Forge is also used to connect data from building assets, support smart maintenance, improve building performance, and protect against incoming security threats. In 2024, Building Automation recorded $3.868 billion of product sales and $2.672 billion of building solutions sales.[4](https://app.finbar.com/go?id=T-dfc464fcacb842ec97028fd34097aa4e)[13](https://app.finbar.com/go?id=T-7f4e6edfbc244b4598ec6acad09bb579)

In Energy and Sustainability Solutions, Honeywell’s UOP business offers sustainable aviation fuel, petrochemical, refining, and natural-gas-liquefaction technologies, carbon-management solutions, process technology solutions, catalysts and adsorbents, equipment, and aftermarket services. Its Advanced Materials business includes Solstice lower-global-warming-potential refrigeration and heating solutions, Spectra fibers used in protective armor and medical applications, and semiconductor materials. Across Honeywell overall, 2024 revenue was disclosed as 57% products transferred at a point in time, 11% products transferred over time, 4% services transferred at a point in time, and 28% services transferred over time.[5](https://app.finbar.com/go?id=T-403ba0dd13f240739bb2fda5815c867c)[14](https://app.finbar.com/go?id=T-693447c8928f43cd9468eadedf616f96)
[11](https://app.finbar.com/go?id=P-60b7cfb524aa45b2b54208c962ebece3)[12](https://app.finbar.com/go?id=T-e0b8a9f1704b4d4f88dcf513a3183991)[3](https://app.finbar.com/go?id=T-b59bc532a8dc4dcdb056fd7750bf75bd)[4](https://app.finbar.com/go?id=T-dfc464fcacb842ec97028fd34097aa4e)[13](https://app.finbar.com/go?id=T-7f4e6edfbc244b4598ec6acad09bb579)[5](https://app.finbar.com/go?id=T-403ba0dd13f240739bb2fda5815c867c)[14](https://app.finbar.com/go?id=T-693447c8928f43cd9468eadedf616f96)

## Geographic presence

Honeywell International Inc. reports its business geographically across three areas: the United States, Europe, and Other international. In 2024, net sales were $21.819 billion in the United States, $8.760 billion in Europe, and $7.919 billion in Other international, out of total net sales of $38.498 billion; this equates to roughly 56.7% from the United States, 22.8% from Europe, and 20.6% from Other international. Honeywell classifies net sales by country of origin, and U.S. sales included $5.441 billion of export sales in 2024. Long-lived assets were also concentrated in the United States at $4.694 billion, versus $533 million in Europe and $967 million in Other international. [8](https://app.finbar.com/go?id=T-75fabbc97faa4004bc3b2f2297a29cb8)[15](https://app.finbar.com/go?id=T-96b110d7baa84f4489720e0dd8732ff6)

The company had approximately 722 locations globally at year-end 2024, including 174 manufacturing sites. By region, Honeywell listed 254 locations and 70 manufacturing sites in the United States, 258 locations and 53 manufacturing sites in Europe, and 210 locations and 51 manufacturing sites in Other international markets. [10](https://app.finbar.com/go?id=P-4d3169f25afc40b0af2ec7a29b06a7ea)

Honeywell employed about 102,000 people across 77 countries as of December 31, 2024, including about 38,000 employees in the United States. Its principal executive offices are in Charlotte, North Carolina. [9](https://app.finbar.com/go?id=T-3ce8afd3aaa74739836f85bfbefc8825)[16](https://app.finbar.com/go?id=T-12af5918f5194b9d954b0cc2607a4891)
[8](https://app.finbar.com/go?id=T-75fabbc97faa4004bc3b2f2297a29cb8)[15](https://app.finbar.com/go?id=T-96b110d7baa84f4489720e0dd8732ff6)[10](https://app.finbar.com/go?id=P-4d3169f25afc40b0af2ec7a29b06a7ea)[9](https://app.finbar.com/go?id=T-3ce8afd3aaa74739836f85bfbefc8825)[16](https://app.finbar.com/go?id=T-12af5918f5194b9d954b0cc2607a4891)

## Business segments

Honeywell reports four operating segments following a Q1 2024 realignment: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.[17](https://app.finbar.com/go?id=P-9bd95747ae7d4297b487af0f52d72751)[18](https://app.finbar.com/go?id=P-d9bc862b55104220b1a04a9a9b87e9d8) Aerospace Technologies supplies aircraft products, software, and services across commercial aviation, defense, and space, including avionics, propulsion, electrical power, navigation, radar, aftermarket repair and overhaul, and predictive maintenance offerings; it was Honeywell’s largest segment in 2024 at about 40% of segment revenue ($15.5 billion of $38.5 billion).[2](https://app.finbar.com/go?id=T-bbc4edef5c1e427693485956b3556505)[19](https://app.finbar.com/go?id=T-47740e91c0654d8f9ed017af1569f481) Industrial Automation provides industrial automation and workflow solutions, including process controls and instrumentation, smart energy offerings, sensing, gas detection, personal protective equipment, and software and analytics for end markets such as refining, petrochemicals, life sciences, utilities, and logistics; it contributed about 26% of 2024 segment revenue ($10.1 billion).[3](https://app.finbar.com/go?id=T-b59bc532a8dc4dcdb056fd7750bf75bd)[20](https://app.finbar.com/go?id=T-9c342149cd9f4f88b9bc9e26f893a299)
[17](https://app.finbar.com/go?id=P-9bd95747ae7d4297b487af0f52d72751)[18](https://app.finbar.com/go?id=P-d9bc862b55104220b1a04a9a9b87e9d8)[2](https://app.finbar.com/go?id=T-bbc4edef5c1e427693485956b3556505)[19](https://app.finbar.com/go?id=T-47740e91c0654d8f9ed017af1569f481)[3](https://app.finbar.com/go?id=T-b59bc532a8dc4dcdb056fd7750bf75bd)[20](https://app.finbar.com/go?id=T-9c342149cd9f4f88b9bc9e26f893a299)[4](https://app.finbar.com/go?id=T-dfc464fcacb842ec97028fd34097aa4e)[13](https://app.finbar.com/go?id=T-7f4e6edfbc244b4598ec6acad09bb579)[5](https://app.finbar.com/go?id=T-403ba0dd13f240739bb2fda5815c867c)[21](https://app.finbar.com/go?id=T-02c559e581954c9fa4cbc787ab17a899)[22](https://app.finbar.com/go?id=P-d40ddf0f6dae4147adf13c1fe92884c1)[23](https://app.finbar.com/go?id=P-2aa3ed65a2e54082aa51688cc3a81c27)[24](https://app.finbar.com/go?id=T-9c75b6d626db4e2e98c87043dcf99906)[25](https://app.finbar.com/go?id=T-50ff0441be6d4d82a455ea9b066c0a89)[26](https://app.finbar.com/go?id=T-1d8e09628a064bfa9ff373a5e9bc610b)[27](https://app.finbar.com/go?id=T-2d95a3df15394bb19bb526682a584428)[28](https://app.finbar.com/go?id=T-56cbef5548ed4428b3f8de31fb960fe7)[29](https://app.finbar.com/go?id=T-23e71d1055ad421c8818fc46a3c60d3a)[30](https://app.finbar.com/go?id=T-bb5097ddb1d148a8814094de6a75f133)[31](https://app.finbar.com/go?id=T-816c84d55d3b4fff8232c0c1df1f52ed)

## Company history

Honeywell traces its origins to 1885, when Albert Butz developed the furnace regulator that became the foundation of the company’s early thermostat and control business.[32](https://www.honeywell.com/us/en/company/our-history) In 1906, Mark C. Honeywell founded the Honeywell Heating Specialty Company, and in 1927 that business merged with the Minneapolis Heat Regulator Company to form Minneapolis-Honeywell Regulator Co., the main predecessor of the modern company.[32](https://www.honeywell.com/us/en/company/our-history) Honeywell later expanded beyond heating controls into electronics and computing; it entered the computer business in 1955 through Datamatic, and 1963 is a key milestone in Honeywell’s computer-era expansion and the Honeywell Inc. naming era.[32](https://www.honeywell.com/us/en/company/our-history)[33](https://www.computerhistory.org/brochures/g-i/honeywell-information-systems-inc/)

The modern corporation was created in 1999, when Honeywell merged with AlliedSignal and the combined company kept the Honeywell name, becoming Honeywell International Inc.[32](https://www.honeywell.com/us/en/company/our-history)[34](https://www.britannica.com/topic/Honeywell-International-Inc) After that merger, Honeywell broadened its positions in building, safety and industrial technologies through deals including Pittway in 2000, which added security and fire products, and Novar in 2005, which strengthened its building-controls portfolio.[35](https://honeywell.gcs-web.com/static-files/2145e601-19ef-4633-8553-6e51dad80b2e)[36](https://investor.honeywell.com/static-files/b7c1b388-2bb1-42ea-af84-aaeed54ed4ab) In 2005 it also bought Dow’s remaining 50% stake in UOP, making that process-technology business a wholly owned subsidiary.[37](https://uop.honeywell.com/en/uop-history/a-honeywell-company) More recently, Honeywell reshaped its portfolio through spin-offs, separating AdvanSix in 2016 and then Garrett Motion and Resideo in 2018.[38](https://investor.honeywell.com/investor-resources/about-our-prior-spin-offs)[39](https://app.finbar.com/go?id=P-f5b17f108adb4677baf1aabec9df7ef7)
[39](https://app.finbar.com/go?id=P-f5b17f108adb4677baf1aabec9df7ef7)[32](https://www.honeywell.com/us/en/company/our-history)[33](https://www.computerhistory.org/brochures/g-i/honeywell-information-systems-inc/)[34](https://www.britannica.com/topic/Honeywell-International-Inc)[35](https://honeywell.gcs-web.com/static-files/2145e601-19ef-4633-8553-6e51dad80b2e)[36](https://investor.honeywell.com/static-files/b7c1b388-2bb1-42ea-af84-aaeed54ed4ab)[37](https://uop.honeywell.com/en/uop-history/a-honeywell-company)[38](https://investor.honeywell.com/investor-resources/about-our-prior-spin-offs)

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