HON - Honeywell Restructures Segments To Align With Powerful Megatrends Reaffirms FY23 Outlook | Benzinga
Honeywell International Inc (NASDAQ: HON) disclosed the realignment of its business segments to drive organic sales growth and inorganic capital deployment.
The new segments, effective Q1 FY24, are Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.
Aerospace Technologies segment includes aerospace products used in commercial and defense aircraft platforms globally. The company stated that Jim Currier will remain President and CEO of this renamed segment.
Industrial Automation segment comprises process industry operations, creating sensor technologies, automating supply chains, and enhancing warehouses. HON appointed Lucian Boldea as president and CEO of the segment, effective January 1, 2024.
Building Automation segment offers hardware, software, sensors, and analytics and is expected to boost footprints in airports, hospitals, education, and data ...