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Honeywell: Difference between revisions
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Honeywell Forge launched as an analytics platform software for industrial and commercial applications such as aircraft, building, industrial, worker and cyber-security.<ref>{{Cite web|title=Honeywell Forge Analytics Platform Begins Moving into the Markets|url=https://www.eweek.com/it-management/honeywell-forge-analytics-platform-begins-moving-into-the-markets|access-date=2020-08-03|website=eWEEK|date=March 21, 2020}}</ref> In collaboration with Carnegie Mellon University National Robotics Engineering Center, the Honeywell Robotics was created in Pittsburgh to focus on supply chain transformation.<ref>{{Cite web|title=Honeywell Robotics hub will focus on warehouse automation|url=https://www.supplychaindive.com/news/honeywell-robotics-hub-warehouse-automation/565943/|access-date=2020-08-03|website=Supply Chain Dive|language=en-US|archive-date=August 10, 2020|archive-url=https://web.archive.org/web/20200810061740/https://www.supplychaindive.com/news/honeywell-robotics-hub-warehouse-automation/565943/|url-status=live}}</ref> The Honeywell robotic unloader grabs packages in tractor-trailers then places them on conveyor belts for handlers to sort.<ref>{{Cite web|date=2019-05-06|title=Robots edge closer to unloading trucks in Amazon-era milestone|url=https://www.latimes.com/business/la-fi-amazon-robots-trucks-20190506-story.html|access-date=2020-08-03|website=Los Angeles Times|language=en-US|archive-date=November 8, 2020|archive-url=https://web.archive.org/web/20201108002635/https://www.latimes.com/business/la-fi-amazon-robots-trucks-20190506-story.html|url-status=live}}</ref> | Honeywell Forge launched as an analytics platform software for industrial and commercial applications such as aircraft, building, industrial, worker and cyber-security.<ref>{{Cite web|title=Honeywell Forge Analytics Platform Begins Moving into the Markets|url=https://www.eweek.com/it-management/honeywell-forge-analytics-platform-begins-moving-into-the-markets|access-date=2020-08-03|website=eWEEK|date=March 21, 2020}}</ref> In collaboration with Carnegie Mellon University National Robotics Engineering Center, the Honeywell Robotics was created in Pittsburgh to focus on supply chain transformation.<ref>{{Cite web|title=Honeywell Robotics hub will focus on warehouse automation|url=https://www.supplychaindive.com/news/honeywell-robotics-hub-warehouse-automation/565943/|access-date=2020-08-03|website=Supply Chain Dive|language=en-US|archive-date=August 10, 2020|archive-url=https://web.archive.org/web/20200810061740/https://www.supplychaindive.com/news/honeywell-robotics-hub-warehouse-automation/565943/|url-status=live}}</ref> The Honeywell robotic unloader grabs packages in tractor-trailers then places them on conveyor belts for handlers to sort.<ref>{{Cite web|date=2019-05-06|title=Robots edge closer to unloading trucks in Amazon-era milestone|url=https://www.latimes.com/business/la-fi-amazon-robots-trucks-20190506-story.html|access-date=2020-08-03|website=Los Angeles Times|language=en-US|archive-date=November 8, 2020|archive-url=https://web.archive.org/web/20201108002635/https://www.latimes.com/business/la-fi-amazon-robots-trucks-20190506-story.html|url-status=live}}</ref> | ||
In May 2019, GoDirect Trade launched as an online marketplace for surplus aircraft parts such as engines, electronics, and APU parts.<ref>{{Cite news|last=Shah|first=Agam|date=2019-05-28|title=Honeywell Brings Blockchain to Used Aircraft Parts Market|language=en-US|work= | In May 2019, GoDirect Trade launched as an online marketplace for surplus aircraft parts such as engines, electronics, and APU parts.<ref>{{Cite news|last=Shah|first=Agam|date=2019-05-28|title=Honeywell Brings Blockchain to Used Aircraft Parts Market|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/honeywell-brings-blockchain-to-used-aircraft-parts-market-11559072819|access-date=2020-08-03|issn=0099-9660|archive-date=October 1, 2020|archive-url=https://web.archive.org/web/20201001171845/https://www.wsj.com/articles/honeywell-brings-blockchain-to-used-aircraft-parts-market-11559072819|url-status=live}}</ref> In March 2020, Honeywell announced that its quantum computer is based on trapped ions. Its expected quantum volume is at least 64, which Honeywell's CEO called the world's most powerful quantum computer.<ref>{{cite news |last=Castellanos |first=Sara |date=2020-03-03 |title=Honeywell to Roll Out Quantum Computer|language=en-US|work=The Wall Street Journal |url=https://www.wsj.com/articles/honeywell-to-roll-out-quantum-computer-11583229600|access-date=2020-08-03 |issn=0099-9660|archive-date=March 3, 2020|archive-url=https://web.archive.org/web/20200303173336/https://www.wsj.com/articles/honeywell-to-roll-out-quantum-computer-11583229600|url-status=live}}</ref><ref>{{cite web |url=https://techcrunch.com/2020/03/03/honeywell-says-it-will-soon-launch-the-worlds-most-powerful-quantum-computer/ |title=Honeywell says it will soon launch the world's most powerful quantum computer |last=Lardinois |first=Frederic |date=March 3, 2020 |access-date=March 3, 2020 |website=TechCrunch.com |archive-date=March 3, 2020 |archive-url=https://web.archive.org/web/20200303152240/https://techcrunch.com/2020/03/03/honeywell-says-it-will-soon-launch-the-worlds-most-powerful-quantum-computer/ |url-status=live}}</ref> In November 2021, Honeywell announced the spinoff of its quantum division into a separate company named "[[Quantinuum]]".<ref>{{cite web|title=Introducing Quantinuum: The World's Largest Integrated Quantum Computing Company|url=https://finance.yahoo.com/news/introducing-quantinuum-worlds-largest-integrated-220000928.html|website=finance.yahoo.com|date=2021-11-30|language=en-US|access-date=December 1, 2021|archive-date=December 1, 2021|archive-url=https://web.archive.org/web/20211201030823/https://finance.yahoo.com/news/introducing-quantinuum-worlds-largest-integrated-220000928.html|url-status=live}}</ref><ref>{{cite web|title=Quantum computing heavyweight arrives as merger creates Quantinuum|url=https://www.msn.com/en-us/news/technology/quantum-computing-heavyweight-arrives-as-merger-creates-quantinuum/ar-AARjbfO|website=www.msn.com|last=Shankland|first=Stephen|date=2021-11-30|access-date=December 1, 2021|archive-date=December 1, 2021|archive-url=https://web.archive.org/web/20211201030822/https://www.msn.com/en-us/news/technology/quantum-computing-heavyweight-arrives-as-merger-creates-quantinuum/ar-AARjbfO|url-status=live}}</ref> | ||
In March 2023, Honeywell announced [[Vimal Kapur]] as its next CEO, effective June 1, 2023.<ref>{{Cite web |date=<!-- 12:39 PM EDT --> March 14, 2023 |title=Honeywell names new CEO |url=https://www.wcnc.com/article/money/business/honeywell-names-new-ceo-adamczyk-to-retire-vimal-kapur-june-2023/275-41ea4c61-780c-4c2c-88a0-70f51b345619 |access-date=2023-04-02 |website=wcnc.com |language=en-US}}</ref> In December 2023, Honeywell acquired [[Carrier Global]]'s security business for nearly $5 billion to boost its automation portfolio.<ref>{{Cite web |last= |first= |title=Honeywell Buys Carrier's Security Business for Nearly $5B, Boosting Automation Portfolio - Carrier Global (NYSE:CARR), Honeywell Intl (NASDAQ:HON) |url=https://www.benzinga.com/markets/equities/23/12/36151959/honeywell-buys-carriers-security-business-for-nearly-5b-boosting-automation-portfolio |access-date=2023-12-08 |website=Benzinga |language=English}}</ref> | In March 2023, Honeywell announced [[Vimal Kapur]] as its next CEO, effective June 1, 2023.<ref>{{Cite web |date=<!-- 12:39 PM EDT --> March 14, 2023 |title=Honeywell names new CEO |url=https://www.wcnc.com/article/money/business/honeywell-names-new-ceo-adamczyk-to-retire-vimal-kapur-june-2023/275-41ea4c61-780c-4c2c-88a0-70f51b345619 |access-date=2023-04-02 |website=wcnc.com |language=en-US}}</ref> In December 2023, Honeywell acquired [[Carrier Global]]'s security business for nearly $5 billion to boost its automation portfolio.<ref>{{Cite web |last= |first= |title=Honeywell Buys Carrier's Security Business for Nearly $5B, Boosting Automation Portfolio - Carrier Global (NYSE:CARR), Honeywell Intl (NASDAQ:HON) |url=https://www.benzinga.com/markets/equities/23/12/36151959/honeywell-buys-carriers-security-business-for-nearly-5b-boosting-automation-portfolio |access-date=2023-12-08 |website=Benzinga |language=English}}</ref> | ||
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==Criticism== | ==Criticism== | ||
On March 10, 2013, '' | On March 10, 2013, ''The Wall Street Journal'' reported that Honeywell was one of sixty companies that [[Tax shield|shielded]] annual profits from U.S. taxes.<ref>{{cite news|url=https://www.wsj.com/articles/SB10001424127887324034804578348131432634740|work=The Wall Street Journal|first1=Scott|last1=Thurm|first2=Kate|last2=Linebaugh|date=March 11, 2013|title=More U.S. Profits Parked Abroad, Saving on Taxes|access-date=March 7, 2017|archive-date=February 13, 2015|archive-url=https://web.archive.org/web/20150213023222/http://www.wsj.com/articles/SB10001424127887324034804578348131432634740|url-status=live}}</ref> In December 2011, the non-partisan organization [[Public Campaign#Reports|Public Campaign]] criticized Honeywell International for spending $18.3 million on [[lobbying]] and [[tax avoidance|not paying any taxes]] during 2008–2010, instead getting $34 million in tax rebates, despite making a profit of $4.9 billion, laying off 968 workers since 2008, and increasing executive pay by 15% to $54.2 million in 2010 for its top five executives.<ref>{{cite web|last=Portero |first=Ashley |title=30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008–2010 |url=http://www.ibtimes.com/articles/264481/20111209/30-major-u-s-corporations-paid-lobby.htm |work=[[International Business Times]] |access-date=December 26, 2011 |archive-url=https://web.archive.org/web/20120107173713/http://www.ibtimes.com/articles/264481/20111209/30-major-u-s-corporations-paid-lobby.htm |archive-date=January 7, 2012 |url-status=dead |date=2011-12-09 }}</ref> | ||
Honeywell has also been criticized in the past for its manufacture of deadly and maiming weapons, such as [[cluster bombs]].<ref>{{cite news |url=http://www.huffingtonpost.com/2014/12/16/the-necessity-defense-how_n_6333996.html |title=How The CIA Twisted The Legacy Of A Vietnam War Protest To Justify Torture |date=2014-12-16 |access-date=2015-11-14 |newspaper=Huffington Post |last1=Sledge |first1=Matt |archive-date=November 17, 2015 |archive-url=https://web.archive.org/web/20151117034607/http://www.huffingtonpost.com/2014/12/16/the-necessity-defense-how_n_6333996.html |url-status=live }}</ref> | Honeywell has also been criticized in the past for its manufacture of deadly and maiming weapons, such as [[cluster bombs]].<ref>{{cite news |url=http://www.huffingtonpost.com/2014/12/16/the-necessity-defense-how_n_6333996.html |title=How The CIA Twisted The Legacy Of A Vietnam War Protest To Justify Torture |date=2014-12-16 |access-date=2015-11-14 |newspaper=Huffington Post |last1=Sledge |first1=Matt |archive-date=November 17, 2015 |archive-url=https://web.archive.org/web/20151117034607/http://www.huffingtonpost.com/2014/12/16/the-necessity-defense-how_n_6333996.html |url-status=live }}</ref> | ||