Honeywell

What Honeywell does

Honeywell International Inc. is a diversified industrial technology and manufacturing company founded in 1906 and headquartered in Charlotte, North Carolina. As of 2025 the company generated approximately $37.4 billion in revenue and employs more than 100,000 people globally, operating across five business segments: Aerospace Technologies, Industrial Automation, Building Automation, Process Automation, and Process Technology. The company is currently executing a three-way corporate restructuring, having spun off Solstice Advanced Materials in October 2025 and scheduled to spin off Honeywell Aerospace (ticker HONA) on June 29, 2026, with the remaining entity renamed Honeywell Technologies retaining the HON ticker and undergoing a 1-for-2 reverse stock split.

Honeywell's product portfolio centers on integrated hardware-software platforms, with Honeywell Forge serving as the IoT data backbone and Experion as the industrial control and automation platform deployed across process industries. Proprietary technology assets include the Ecofining modular process technology (co-developed with Eni SpA, with 50+ global licenses) for converting waste fats, oils, and greases into renewable fuels, the Kestrel compact navigation system for GPS-contested UAS environments, the 13MM pressure sensor for cleanroom applications, and the OT Cybersecurity Suite. The company is deploying AI-enabled autonomous operations via Experion Cognition and has expanded into quantum computing through its Quantinuum investment. Aerospace products include TPE331 turboprop engines, avionics, and navigation systems serving both commercial aviation and defense customers such as the Indian Air Force.

Honeywell's revenue model combines direct enterprise field sales of hardware and systems (aerospace components, building automation controls, industrial sensors) with recurring service revenue from software subscriptions, aftermarket support, and a capital-light licensing model for Ecofining technology. The company serves enterprise customers across aerospace, commercial buildings, data centers, defense, healthcare, life sciences, manufacturing, oil and gas, retail, utilities, and warehouse/logistics verticals, with operations spanning 100+ countries. Pricing is quote-based and negotiated, with long-term contracts typical in aerospace and process technology. Following the portfolio restructuring, the post-spin Honeywell Technologies will focus on industrial automation, process technology, and building automation, with 2026 revenue guidance of $19.9-$20.2 billion.

Name

Honeywell

Legal name

Honeywell International Inc.

Website

https://honeywell.com

Company type

Public

Founded year

1906

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Honeywell is a diversified industrial technology company operating across aerospace, building automation, industrial automation, and process technology. It serves global enterprise customers with integrated hardware-software platforms including Honeywell Forge IoT, Experion control systems, Ecofining renewable fuels technology, and aerospace navigation and propulsion systems.

Ownership category

akta.pro rank

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Aerospace Products and Services: Honeywell Aerospace generates revenue from commercial aviation, defense, and space systems including engines, avionics, navigation systems, and after-market services. This includes original equipment to OEMs and spare parts/services to airlines and defense customers.
2. Building Automation Systems: Revenue from commercial building automation including hardware (security, access control, HVAC controls), software (Honeywell Forge), and services. Sold directly to building owners and operators through enterprise field sales.
3. Industrial Automation: Automation solutions including PLCs, sensors, control systems, and software for manufacturing. Includes process automation for oil & gas, pharmaceuticals, and general manufacturing.
4. Ecofining Technology Licensing: Licensing of modular Ecofining process technology for renewable fuels and sustainable aviation fuel production. Capital-light model generating recurring licensing revenue without balance sheet exposure. Over 50 global licenses accumulated.
5. Process Solutions and Services: Professional services, software subscriptions, and aftermarket support for process automation customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Honeywell is a diversified industrial conglomerate that manufactures and sells automation products, aerospace systems, building technologies, and process automation solutions across five business segments: Aerospace Technologies, Industrial Automation, Building Automation, Process Automation, and Process Technology. The company produces physical hardware (sensors, engines, navigation systems, control systems) along with software platforms (Honeywell Forge, Experion) and licenses proprietary technologies such as Ecofining for renewable fuels production.

Product overview

Honeywell operates as a diversified industrial conglomerate organized into five primary business segments: Aerospace Technologies, Industrial Automation, Building Automation, Process Automation, and Process Technology. Following the June 2026 spin-off of Honeywell Aerospace (trading as HONA), the remaining company—Honeywell Technologies—retains the HON ticker and focuses on automation and industrial software. The portfolio architecture centers on Honeywell Forge as the core IoT platform delivering AI-enabled applications across all segments, with Experion serving as the industrial control and automation platform. Experion Cognition provides AI-enabled autonomous operations capabilities for petrochemical facilities. Honeywell also offers specialized products including Ecofining modular process technology for renewable fuels, ECLSS life support systems for aerospace, Kestrel UAS navigation systems, OT Cybersecurity Suite, building automation systems (Onity, INNCOM), and various sensors (pressure, hydrogen detection). The company serves aerospace, defense, commercial buildings, data centers, healthcare, life sciences, manufacturing, oil & gas, retail, utilities, and warehouse & logistics industries globally.

Differentiator

Problem solved

Functional benefit

Brands

• Honeywell Forge: IoT platform delivering AI-enabled applications and services for intelligent, efficient and secure industrial operations.
• Experion
• Ecofining

Products and services

• Honeywell Forge
• Experion Industry-defining control and automation platform used across process automation, industrial automation, and building automation segments for digital industrial innovation.
• Experion Cognition AI-enabled control system providing autonomous operations through recommendations and automated decisions for optimizing industrial production and safety in petrochemical facilities. Commercially available in Q3 2026.
• Ecofining Process Technology Modular process technology for converting waste fats, oils, and greases into renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel. Capable of reducing greenhouse gas emissions by up to 80% when blended with conventional jet fuel. Licensed globally with 50+ accumulated licenses.
• Kestrel UAS Navigation System Compact navigation system for uncrewed aerial systems (UAS) designed to operate in GPS-degraded, jammed, or spoofed environments. Combines HG3900 MEMS IMU with M-code and multi-GNSS receivers. Delivers 80% improvement in navigation accuracy, 50% cost reduction, and 60% reduction in UAS attrition.
• OT Cybersecurity Suite Comprehensive cybersecurity portfolio for industrial environments including SMX Portable Scanner for USB threat detection, AI-powered Cyber Proactive Defense monitoring, Cyber GRC for automated compliance management, data diode for secure data transfer, and 24/7 OT Security Operations Center managed service.
• ECLSS (Environment Control and Life Support System) Next-generation life support technology for deep-space missions including CDRILS (Carbon Dioxide Removal by Ionic Liquid Sorbent) system and Methane Pyrolysis Reactor capable of recovering up to 95% of oxygen from CO2. Designed for missions lasting three years or more.
• TPE331 Turboprop Engine Turboprop engine for military trainer aircraft including the Indian Air Force's HTT-40 program, with $100 million contract for engines and separate $388 million contract covering 88 engines for 70 aircraft.
• Onity Access Controls Building access control solutions integrated into Honeywell's hotel cloud platform for room access management, mobile credentials, and security.
• INNCOM Guestroom Systems Guestroom management and energy optimization systems integrated into Honeywell's hotel cloud platform for hospitality building automation.
• Trillium 2.0 Electronic Lock Electronic lock supporting mobile credentials and digital wallet room access for hotel and commercial building security applications.
• 13MM Pressure Sensor Pressure sensor launched September 2025 for cleanroom environments, targeting semiconductor manufacturing and other precision industrial applications.
• XNXO Ultima Hydrogen Detector Hydrogen detector launched in 2025-2026 addressing calibration verification and false alarm reduction in hydrogen infrastructure for industrial safety applications.
• UOP Digital Twin Digital twin and modular dehydration technologies for refinery efficiency, part of Honeywell's process automation and technology offerings for oil and gas processing.
• Integrated Hotel Cloud Platform Integrated cloud platform for hotels consolidating room access, energy use, security and maintenance management into a single dashboard. Combines Honeywell Forge, Onity access controls, and INNCOM guestroom systems.

Quantifiable outcome

• Reduces greenhouse gas emissions by up to 80% when Ecofining SAF blended with conventional jet fuel
• +5 more outcomes

Named customers9 records

Segments11 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature9 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Acelen RenewablescoreTechnology or Integration · 17 June 2026Honeywell will supply its Ecofining process technology, automation systems, pumps, and compressors for Acelen Renewables' biofuel production facility in Bahia, Brazil. The facility will convert macaúba oil into sustainable aviation fuel and renewable diesel. This is one of the largest SAF facilities globally with over 50 licenses now accumulated for Honeywell's Ecofining technology.
• Johnson MattheycoreStrategic or Co-development Partner · 17 June 2026Joint technology deployment for Phelan eFuels R47 billion SAF project in Saldanha Bay, South Africa. Johnson Matthey provides HyCOgen and FT CANS technologies alongside Honeywell's Fischer Tropsch Unicracking process to produce synthetic aviation fuel from green hydrogen and captured CO2.
• Brady CorporationcoreOthers · 12 June 2026Brady Corporation entered into $1 billion credit agreement to finance pending acquisition of Honeywell's Productivity Solutions and Services business for approximately $1.4 billion. Brady's new CEO Vineet Nargolwala was involved in board decision to acquire PSS business.
• Borouge InternationalcoreTechnology or Integration · 11 June 2026Demonstrated Experion Cognition AI-enabled control system at Borouge's Ruwais facility in UAE, marking petrochemical industry's first AI autonomous operations implementation. System will be commercially available in Q3 2026.
• Shenghong PetrochemicalcoreTechnology or Integration · 1 January 2026Joint launch of operator navigation system achieving 100% automation coverage and 50% reduction in manual operations, with over 10 million yuan in annual savings.
• Google CloudcoreTechnology or Integration · 1 November 2025Honeywell is cited as an enterprise customer using Google Cloud-powered AI agents. Google Cloud is positioning AI agents as central to its enterprise strategy with 79% of senior executives reporting adoption.
• Eni SpAcoreStrategic or Co-development PartnerEcofining process technology was jointly developed by Honeywell and Eni SpA. The technology converts waste fats, oils, and greases into renewable fuels and is now licensed globally.
• URSUS EnergycoreTechnology or IntegrationHoneywell technology for US$2.1 billion Coatzacoalcos-PODEBIS LNG project in Veracruz, Mexico. First Development Pole to enter execution phase within federal government's Interoceanic Corridor. Target of late 2029 for first commercial operations.
• Precision CombustionminorStrategic or Co-development PartnerCollaboration on next-generation Environment Control and Life Support System (ECLSS) technology for deep-space missions including the Carbon Dioxide Removal by Ionic Liquid Sorbent (CDRILS) system.
• Paragon Space DevelopmentminorStrategic or Co-development PartnerCollaboration on ECLSS technology for deep-space missions to the Moon and Mars.
• Giner LabsminorStrategic or Co-development PartnerCollaboration on ECLSS technology including Methane Pyrolysis Reactor capable of recovering up to 95% of oxygen from CO2.
• Johnson Matthey Catalyst TechnologiescoreOthersHoneywell announced planned acquisition of Johnson Matthey Catalyst Technologies as part of portfolio restructuring, expected to close as part of post-spin Honeywell Technologies framework.
• PowerBank CorporationminorOthersPowerBank Corporation developed and constructed 7.01 MW DC ground-mount community solar project SB 13-2 for Honeywell in upstate New York as part of US$41 million transaction covering 21 MW DC portfolio.
• BoeingcoreStrategic or Co-development PartnerBoeing is partnering on NSF National Quantum Virtual Laboratory program alongside Honeywell and IonQ, with over two dozen U.S. companies involved in quantum computing, sensors, and networks development.
• IonQcoreStrategic or Co-development PartnerIonQ partnering on NSF National Quantum Virtual Laboratory with Boeing, Honeywell, and other companies for quantum computing, sensors, and networks development.

Scale indicators12 records

Recent moves10 records

Expansion highlights8 records

Direct peers

• Siemens AG: Diversified industrial technology company with overlapping portfolios in industrial automation (SIMATIC), building automation (Desigo), process automation, and digital industries software. Most direct global peer to Honeywell's Industrial Automation and Building Automation segments.
• Johnson Controls International: Building automation, HVAC, and security systems company, the closest direct peer to Honeywell's Building Automation segment. Competes for the same building owner/operator customers in commercial real estate and data centers.
• Schneider Electric: Energy management and industrial automation company with EcoStruxure platform, direct overlap in building automation, data center infrastructure, and process automation - including HVAC, access control, and energy optimization competing with Honeywell Building Automation.
• ABB Ltd: Electrification, motion, and process automation company with strong overlap in process automation, robotics, and industrial control. Directly competes with Honeywell in oil & gas, process, and discrete manufacturing automation.
• Emerson Electric: Process automation and software company focused on measurement, control, and final control products. Closest peer to Honeywell's Process Automation and Process Technology businesses, especially in oil & gas and refining.
• Carrier Global: HVAC, refrigeration, fire/security, and building automation company with direct competition in commercial buildings. Honeywell's planned $4.95B acquisition of Carrier's Global Access Solutions further tightens the competitive and product overlap.
• Rockwell Automation: Pure-play industrial automation and information company serving discrete and process manufacturers with PLCs, control systems, and FactoryTalk software. Direct competitor in factory automation and a competing platform to Honeywell Forge.

Broad incumbents

• GE Aerospace: Aerospace propulsion and systems OEM directly competing with Honeywell Aerospace across commercial engines, avionics, and after-market services. Becomes an even more direct peer after Honeywell's June 2026 aerospace spinoff.
• RTX Corporation: Diversified aerospace and defense conglomerate (Collins Aerospace, Pratt & Whitney, Raytheon) overlapping with Honeywell Aerospace in avionics, navigation, and defense systems, and broader in propulsion where Honeywell does not compete.

Emerging players

• Yokogawa Electric: Process automation and industrial IoT company with strong presence in oil & gas, chemicals, and pharmaceuticals. Smaller and more focused than Honeywell, but directly competitive in DCS and process control systems.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/honeywell
• Facebookfacebook.com/Honeywell
• LinkedInlinkedin.com/company/honeywell
• Instagraminstagram.com/honeywell
• Xx.com/Honeywell

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A73 records

Investments23 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Honeywell