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Honeywell history
Honeywell company history timeline
To facilitate the distribution of Barrett products in Canada, in 1906, two foremost roofing manufacturers in Canada were purchased.
In 1906 the American engineer Mark C. Honeywell formed Honeywell Heating Specialty Co, which specialized in hot-water heat generators.
In 1906, Mark Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana, to manufacture and market his invention, the mercury seal generator.
Wirt Wilson, W.R.’s brother-in-law, and Electric Heat Regulator board member, dated September 20, 1907, executed on Wilson’s insurance firm letterhead, sent another letter.
The damper flappers Sweatt sold remained basically the same until 1907, when a clock was added.
The Jewell Manufacturing Company of Elmira, New York brought suit against Electric Heat Regulator for manufacturing a clock thermostat, similar in design to a patent purchased from inventor Schyler Post in early 1908.
In 1909 a plant was built in Winnipeg followed by another in Vancouver.
1910 - Vincent had an idea to start an automobile without having to crank the engine.
By 1910, Electric Heating Regulator Company employed 12 men in the "bowling alley" factory, where two types of motors were assembled: the original spring wound motor, which required periodical winding, and a newer gravity type motor, which used an iron weight for power.
In 1912, the model 47 was introduced as the standard clock thermostat, with a one-day clock that required winding once a day.
In 1913, W.R. Sweatt named his 22 year-old son, Harold, vice-president of his promising heat regulator company.
In 1916, Honeywell Heating Specialty Company changed its name to Honeywell Heating Specialties.
Work on the new plant started March 1917.
1919 - As the money rolled in, he began to look for a place to manufacture his starter and to experiment with other ideas.
In 1920, W.R. announced that his second son, Charles "C.B." Sweatt would be the advertising manager and treasurer of the Minneapolis Heat Regulator Co.
By the mid-1920’s sophisticated controls began to remedy these problems.
The “Deluxe Model 55” was introduced in 1920, after the company received complaints that the regular 55 clocks, purchased from the Salem Clock Company, was plagued with inaccuracy and durability.
At Syracuse, New York, in 1921, Allied Chemical had been the first in the United States to develop commercially the synthetic ammonia process for the fixation of atmospheric nitrogen.
In 1923, a bitter coal strike took place in the dead of winter.
The fledging company that Vincent Bendix launched in 1924 has grown into a diversified worldwide manufacturer with an excellent financial strength, a solid work force, and a broad based management alert to new and changing opportunities.
Bendix was formed in 1924 when the company’s founder, the American inventor Vincent Bendix, joined with the French inventor Henri Perrot to manufacture brake systems.
The engineering department began in 1925 with two or three engineers.
What has become to be called the modern method of computation really had its origins at MIT, where in 1925 Doctor Vannevar Bush developed the first electric analog computer.
In 1926 W.R. commissioned a well-known artist, Phillip Lyford, to create several large oil paintings incorporating the Minneapolis thermostat in domestic settings.
In 1926, W.R. Sweatt oversaw the construction of an eight-story tower, 70,000 annexed to the north end of the structure.
Several years later Jewell was acquired by Honeywell Heating Specialties of Wabash, Indiana, and in 1927.
By 1928 the company was producing more than three million brakes per year, chiefly for General Motors Corporation.
In 1928, Allied opened a synthetic ammonia plant near Hopewell, Virginia, becoming the world’s leading producer
In 1928, the company changed its name to Signal Oil & Gas, entering into oil production the same year.
The boards became operational in 1929, and the system eventually reached over 700 brokerage offices from coast to coast, serving the securities industry.
1929 – Vincent Bendix agreed to finance the purchase of two Eastern temples.
Mark Watkins, a native Russian, managed the office and was able to provide an entry into the Soviet Union during the 1930’s.
In 1930, The Minneapolis-Honeywell Regulator Company Limited was established in Toronto.
The Soviet Union – One of the earliest international ventures was with the Soviet Union during the 1930’s.
In 1931, Minneapolis-Honeywell bought Time-O-Stat Controls Corporation through an exchange of stock.
In 1931, Minneapolis-Honeywell began a period of expansion and acquisition when they purchased Time-O-Stat Controls Company, giving the company access to a greater number of patents to be used in their controls systems.
1932 - A writer for American Magazine interviewed Vincent who showed him a collection, no other company, at the time, could match: a set of 14 volumes that contained the records of the 5,500 patents held by Vincent and his company.
By 1933, gas companies began a new marketing campaign for home heating.
The Steel Wheel Corp. car was finished in 1934 and was a show case of advanced automotive features, such as an aerodynamic body design, airscoop hubcaps for brake cooling and a built in ventilation system, some of which are standard equipment on today’s cars.
Harold Sweatt had become president in 1934, following Mark Honeywell, who had succeeded William Sweatt.
1934 marked Minneapolis-Honeywell's first foray into the international market, when they acquired the Brown Instrument Company, and inherited their relationship with the Yamatake Company of Tokyo, a Japan-based distributor.
One was created in London in 1936 and one in Stockholm in 1936.
Tom MacDonald was sent to establish a wholly-owned subsidiary; Honeywell-Brown, Ltd. was established in 1936.
Finally, in 1937, dissatisfied with the high costs of its own pneumatic control devices for larger buildings like schools and offices, Minneapolis-Honeywell bought the only two competing companies in the field: National Regulator Company and Bishop & Babcock Manufacturing Company.
In May 1939, the company acquired a plant and warehouse in London and began factory operations there while augmenting the staff of its Swedish subsidiary.
In 1939 he filed for personal bankruptcy listing 14 million dollars as liability and 1 million dollars as assets.
In 1939, mathematics professor at Iowa State College, John Vincent Atanesoff graduate student, Clifford Berry, developed a working bench model of a digital computer.
As early as 1940, The Minneapolis-Honeywell News Circulator wrote, “The equipment and facilities of the Minneapolis-Honeywell plants are being placed squarely behind the expanding defense plans of the United States Government.
The group built a demonstrator model and in January 1941 made the trip to Dayton, Ohio to demonstrate the amplifier, to a group of AAF technicians and scientist.
By mid-1941, work on defense contracts had grown to the point where the company the company thought it prudent to increase security and offices.
By 1941, Minneapolis-Honeywell had sales arrangements with distributers, in Chile, Panama, Trinidad, New Zealand, Argentina and South Africa.
In 1941, Minneapolis-Honeywell developed a superior tank periscope, camera stabilizers, and the C-1 autopilot.
The property was purchased by Allied Chemical Corporation in 1942.
In 1942 Vincent was named chairman of the board, but only remained for a few months before cut all official ties with the corporation.
The first installation of what became called the C-1 automatic pilot took place at Boeing in a brand new B-17, on New Years Day, 1942.
In 1942 the company developed the electronic autopilot.
Sales of the corporation soared to $900 million in 1944.
A. P. Fontaine first joined Bendix in 1944.
In June 1945, Sweatt appointed a “post-war planning committee” headed by his brother, C.B. and consisting of six top executives.
1945 - First automated system for airlines reservations.
In the autumn of 1945, international operations were moved to Minneapolis from Washington D.C., and Honeywell began the process of renewing contacts with European subsidiaries.
Three million periscopes, 300,000 telescopes, 100,000 mortar sights,160,000 gunner’s quadrants, 110,000 autopilots and associated devices, 800,000 turbo regulators and more than 35,000 four-engine bombers were equipped with M-H C-1 automatic pilots and turbo-chargersuary 1946, Lt.
No more sales could be accepted for 1946 deliveries except in very limited quantities of items in production.
With the exception of Semet-Solvay Ltd, formed in 1947, all these firms had been subsidiaries of Allied Chemical’s predecessor companies from the early days of Canadian chemical manufacture.
1950's -- Bendix introduced several new and important products for commercial aviation application, including the Polar Path Compass, which made Arctic Circle flights possible and airborne weather radar, which permitted pilots to avoid storms in flight.
In the 1950’s, the company management checked out many sources regarding the progress and development of the current computers.
In 1950, Minneapolis-Honeywell's Aero division was contracted for the controls on the first US nuclear submarine, USS Nautilus.
1951 - The first half of the Korean War, Bendix was hard pressed to keep up with the demands being made upon it.
UNIVAC, built in 1951, by Sperry Rand, was sold to the United States Census Bureau.
1952 - First computerized on-line real time data processing system ever used commercially.
Honeywell, repeating UNIVAC’S 1952 performance, used the H-800 to predict the outcome of the national elections on ABC television.
In 1953 Barrett purchased the plant of the Maizewood Insulating Co. at Dubuque, Iowa to produce fibre board for insulation and roofing purposes.
By 1953, The Honeywell Round would be ready to transform the post-war home.
In 1953, H.W. Sweatt left the presidency and became board chairman.
In 1953, in cooperation with the USAF Wright-Air Development Center, Honeywell developed an automated control unit that could control an aircraft through various stages of a flight, from taxiing, to takeoff, to the point where the aircraft neared its destination and the pilot took over for landing.
1954 constructed two more laboratories and six years later ground was broken for an office building to house some of the divisional personnel in the Companies New York offices.
Allied was the first to produce captolactam and nylon-6 in America, in 1955, building its monomer plant at Hopewell, Va., and spinning facility nearby in Chesterfield County.
In 1956, the anti-submarine Rocket (ASROC) was a prime contract for the Navy, for the development and production of a rocket-assisted anti-submarine weapon with sonar foe detecting targets.
In 1956, GE won a $60 million contract with Bank of America.
In 1956, Yamaguchi’s company took the name of Yamatake-Honeywell, and began a long period of prosperity.
1957 - First on-line teller terminal system for the banking industry.
The Datamatic D-1000 was a vacuum tube system costing $1.5 million, first sold and installed in 1957.
In 1958, installations were made for the First National Bank of Boston, the Baltimore & Ohio Railroad, the County of Los Angeles, and the United States Treasury, along with two machines sold “in house” to Honeywell’s home offices and to Datamatic itself.
The company was renamed Allied Chemical Corporation in 1958.
In the mid-1960's Barrett Division built a plastic pipe plant on Green Pond Road in Rockaway, New Jersey.
The name was changed in the 1960's due to mergers with other elements of the present Bunker Ramos Corporation.
Intervox eventually became Honeywell’s Marine Equipment Division (MED). In 1960, MED established a deep ocean research unit designed to study ocean mechanics, acoustics, magnetics, and thermodynamics.
As early as 1960, Walter Finke, the president of the Datamatic Division, was predicting the development of a system like the internet.
Though Bachman selected a digital computer from IBM for purchase and hired a team of computer programmers and data analysts, Dow backed out of the arrangement in 1960.
In 1960, just five years after embarking on this venture with Raytheon, Minneapolis-Honeywell bought Raytheon's interest in Datamatic and turned it into the Electronic Data Processing division, later Honeywell Information Systems (HIS) of Minneapolis-Honeywell.
The military and commercial activities were separated in 1961 with the establishment of two divisions - -Automotive and Aerospace.
The Union Texas Petroleum Division - Was established in 1962, upon the merger of Union Texas Natural Gas Corp. into Allied Chemical.
In 1962, the H-800 demonstrated a new first of digital technology.
Honeywell Limited started in 1962 moving up, like many Honeywell subsidiaries from distributor status.
The X-20 project was canceled in December 1963.
The estate was acquired by Allied in 1963 to be used as a conference and training center.
The company changed its name to Honeywell Inc. in 1963.
In 1964 Allied acquired the Mesa Plastics Company of Los Angeles, California.
1964 - First production model cathode ray tube data terminal.
Signal’s entry into the aerospace business began in 1964 with its merger with Garrett Corporation, a maker of gas turbines, control systems, and other aircraft and missile components.
By 1964, Minneapolis-Honeywell won a bid to make space vehicles designed to carry a variety of NASA equipment.
In 1965 after 20 years at the head of the company, Malcom Ferguson retired as chairman and president.
In 1965, the company instituted the H.W. Sweatt Award, to recognize its top scientists and engineers for outstanding contributions to technological advancement. “Honeywell was founded and shaped by inventive technical people.
In 1965, Honeywell sent its entire board of directors on a tour of the European facilities.
In 1965, Honeywell's overseas operations consisted of 17 subsidiaries with 12,000 employees and revenues of more than $160 million.
Honeywell later developed a second Scanner, which cancelled before it could be completed. It was successfully launched twice in 1966 from Wallops Island off the coast of Virginia.
In 1967 Barrett sold its building materials business to Jim Walters of Tampa, Florida and the PVC pipe plant was included.
One of the largest acquisitions was the Fram Corporation in 1967.
In 1967, the “billion Dollar Brain” an H-200 was portrayed as the heart of a vast computer complex.
Meanwhile, the computer division finally showed a profit in 1967, 12 years after it was established.
In 1968 a new fiber combining the desirable qualities of polyamide and polyester polymers was introduced under the trademark "Source". Its principle use was carpeting.
By 1968, the company announced that its international operations accounted for 25% of the company sales.
July 1969 Apollo 11 astronauts Neil Armstrong and Edwin Aldrin jr. became the first men to walk on the moon, they carried scientific Instrument packages designed and built by Bendix.
45th Anniversary in 1969 - Over the years, Bendix Headquarters moved from Chicago, to South Bend, and then to Detroit.
Like Honeywell, GE‘s computer section dreamed of capturing, “the title of ranking contender” against IBM. In 1969, a gathering of top management and engineers analyzed and speculated on future technologies and planned an advanced product line.
In 1969, the development of the micro computer sparked yet another industry wide revolution.
Blumenthal had been named vice-chairman of the corporation in June 1970 and 6 months later became President and Chief Operating Officer.
In the early 1970's CEO John O'Connor sold many of Allied's unprofitable businesses and invested in oil and gas exploration.
The Ring Laser Gyro continued to under go intensive development through the 1970’s.
Public arrangements of the planned merger were made in 1970.
Much of the growth came during Australia’s boom years of the late 1970’s.
NASDAQ became fully operational in earl 1971.
In 1971, the Delta 2500, complete with computer was introduced.
1972 - First bank teller terminal with a CRT display.
The mobile home/recreational acquisition of 1973 did not turn out to be a well-timed venture.
Maritime Systems Center experienced rapid growth in the late sixties and reached divisional status in 1973.
In 1975 it purchased Xerox Data Systems, whose Sigma computers had a small but loyal customer base.
In 1976, Honeywell signed a “cooperation agreement” with the PRVA/ISKRA of Belgrade, allowing the Yugoslavian company to manufacture Honeywell industrial valves and actuators.
The Defense Systems Division was established in 1977 in response to a general trend toward government investment in ordinance and aviation products.
Bachman held more than a dozen United States patents in database software and was elected a distinguished fellow of the British Computer Society in 1977.
Agee in 1978 guided the largest single investment in Bendix history - the purchase of $128 million in stock in ASARCO Incorporated, one of the world's leading producers of non-ferrous metals and minerals.
In 1978, Agee bolstered the Corporation's top management ranks with the appointment of Alonzo L. McDonald jr. as president with responsibility for directing all corporate and staff functions, developing Bendix policies for the future and implementing the corporate strategic direction.
In January 1979, the United States established diplomatic relations with China after nearly three decades of estrangement.
By 1979, international sales surpassed $1 billion, a quarter of total sales, and represented efforts in 80 countries.
A 1979 Honeywell World article identified a promising market:” The world’s largest single untapped market, without doubt, lies behind just one border-that of the People’s Republic of China.
1980 - Agee consummated the largest acquisition in the company's history, a step that would significantly increase the size and scope of Bendix industrial business.
By the end of the fiscal year 1980, the Corporation had grown to nearly 100 units with 80,000 employees in three major lines of business.
In the 1980’s, the Delta family evolved into Deltanet, a system which provided for “intelligent” buildings with “continuous data exchange between computers for environmental control, energy management, fire protection, security, telecommunication and office automation.
One of the divisions that dwindled during this period was the home smoke alarm business, which was finally cut in 1980.
In 1980, Honeywell bought Incoterm Corporation to compete in both the airline reservations system networks and bank teller markets.
China’s largest control valve factory started production in April 1981.
Dedicated in September 1981, The Advanced Technology Center in Columbus, Maryland was commissioned to develop innovative ideas and technological concepts for Bendix aerospace electronics, automotive and industrial businesses, as well for new ventures in fields such as the biosciences.
In 1981, Aerospace and Defense Group revenues exceeded $ 1 billion dollars for the first time.
In 1981, the purchase of Telamerica Inc. heralded the formation of the Communications Services Division, a Dallas voice and data networking company was also purchased.
In 1983, President Reagan pledged to increase military spending with a five year $1.8 trillion expansion.
Introduced in 1983, the TDC 3000 represented 3 years of development and 80 million dollars of investment.
By 1984, Honeywell’s market share had dwindled down from a high point of 10% to 2%. Honeywell Information Systems maintained about 10,000 customers who made up, in respect to overall computer revenues, a negligible handful of loyalists.
In 1984, the Dutch subsidiary marked its 50th Anniversary with this explanation of its origins.
By 1984, Bendix generated 50% of Allied’s income, while oil and gas generated 38%.
Honeywell marked its 100th Anniversary in 1985 with the celebrations in the United States and abroad.
One successful partnership, in 1985, joined Honeywell with the White Earth Chippewa of Minnesota for a series of seminars, with an eye toward hiring more Native Americans.
In 1985 Allied Corporation combined with Signal Companies in a transaction that was the largest industrial merger to that time.
In 1985 this company merged with Signal Companies, Inc., and grew to become one of the leading technology and manufacturing companies in the Dow Jones Industrial Average.
In 1986 Allied sold Bunker Ramo to ADP.
Finally, in 1986, CEO Ed Spencer made the painful but inevitable decision to discontinue Honeywell’s computer business.
In 1986, Honeywell began the Smart House project with National Association of Builders, which found innovative ways to link heating, security, lighting, appliances and telephones of a single family home through a central or common network.
In 1986, the personal computer emerged and the company formed Honeywell Bull, a global joint venture with Compagnie des Machines Bull of France and NEC Corporation of Japan.
1986 marked a new direction for Honeywell, beginning with the acquisition of the Sperry Aerospace Group from the Unisys Corporation.
Honeywell consistently won military contracts in the millions of dollars, making torpedoes, guidance systems, and ammunition for the nation's defense; meanwhile, sales of its home, building, and industrial controls divisions reached $3 billion in 1987.
In 1988, Honeywell suffered from a series of unusual charges related to the company's defense unit.
In 1989, Honeywell sold half of its 50% stake in Yamatake-Honeywell for $407 million.
By 1989, defense and aerospace accounted for almost half of Honeywell's sales and were contributing significantly to the bottom line.
On January16, 1990, the board of directors approved a plan to spin off Honeywell’s Defense and Marine Systems business, its Test Instruments Division, and its Signal Analysis Center.
By the time it was over, in the 1990’s, Honeywell collected $400 million in settlements and royalties.
In a 1990 Annual Report, Honeywell tried to sell the business but the sale couldn’t be consummated under acceptable terms.
A growing fear of crime in the 1990’s has lead to an increase use of security systems.
In 1990, the company founded the New Vista School.
So important is this technology that the RLG system became the focus of a landmark patent suit filed by Litton Industries against Honeywell in 1990.
By 1991, although a recession had hit the company's major markets, operating margins had grown to 11 percent, and net income was about $331 million.
It provided for more than 20% of all of the company's revenues in 1991.
In 1992, company earnings abounded to $327 million, returning a profit of $2.36 per share on company wide sales of $6.22 billion.
Honeywell’s original presence in Moscow expanded to comprise six operations, one of them Honeywell Aviation Control Moscow, formed in 1992 to supply avionics to Russian aircraft manufacturers.
In 1992, Honeywell successfully sued Minolta for infringing on its autofocus patents.
In 1993, The EXCEL 5000 was introduced in January.
By 1993, Honeywell controls could be found in more than 100 million residences and 5 million commercial businesses world wide.
In 1993, Home and Building Control acquired the Enviracaire air cleaner business, and began its introduction to the worldwide market.
The combined company, initially named Allied-Signal, was renamed AlliedSignal in 1993 to indicate the full integration of its business units.
Net income declined in 1994 to $279 million, although sales had increased 1.7 percent to $6.06 billion.
In February 1995, Honeywell announced plans to build its first district manufacturing plant in China.
In 1995, Honeywell was involved with two projects.
In 1995, Honeywell donated more than 4,000 energy-saving thermostats to Habitat for Humanity, the non-profit home building organization.
By 1998, the company had operations in 95 countries through 83 wholly-owned subsidiaries and 13 joint ventures.
On June 7, 1999, Honeywell was acquired by AlliedSignal, who elected to retain the Honeywell name for its brand recognition.
The present company was formed in 1999 through the merger of AlliedSignal Inc. and Honeywell Inc.
The American Department of Justice cleared the merger, while "GE teams swooped down on Honeywell" and "GE executives took over budget planning and employee reviews." However, on July 3, 2001, the European Commission's competition commissioner, Mario Monti blocked the move.
For Honeywell a bold move in this direction—namely its proposed takeover by General Electric—was blocked in the summer of 2001 when European Union antitrust regulators refused to approve the proposal without radical changes that neither GE nor Honeywell found acceptable.
As of late May 2002, Honeywell's stock (HON on the New York Stock Exchange) in the previous 52 weeks had traded between a low of $22.15 and a high of $52.15.
"snapshot report: honeywell international." multex investor, 2002. available at http://www.marketguide.com.
Since 2002, Honeywell has made more than 80 acquisitions and 60 divestures, while adding $12 billion in new sales and increasing its labor force to 131,000 as a result of these acquisitions.
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In May 2010, Honeywell outbid UK-based Cinven and acquired the French company Sperian Protection for $1.4 billion, which was then incorporated into its automation and controls safety unit.
Honeywell saw a net income of US$ 4.239 billion in the year 2014 and revenue of a whooping US$ 40.306 billion in the same year.
The company’s most recent acquisition took place in July 2015 where it acquired Elster, a company that manufactures gas and water meters and control devices.
In May 2016, Honeywell International Inc. settled its patent dispute regarding Google subsidiary Nest Labs, whose thermostats Honeywell claimed infringed on several of its patents.
In 2016, Honeywell ranked 75th in the Fortune 500.
David Cote stepped down as CEO on April 1, 2017, and was succeeded by Darius Adamczyk, who had been promoted to president and chief operating officer (COO) the previous year.
July 13, 2017 (aged 92) Lexington Massachusetts (Anniversary in 2 days)
In 2017, Honeywell opened a new software center in Atlanta, Georgia.
In 2018, Honeywell spun off both Honeywell Turbo Technologies (now Garrett Advancing Motion) and its consumer products business (Resideo); both companies are publicly traded on the New York Stock Exchange.
In April 2020, Honeywell began production of N95 masks at the company's factories in Smithfield and Phoenix, aiming to produce 20 million masks a month.
Honeywell announced the spinoff of its quantum division into a separate company named "Quantinuum" in November 2021.
A 23-story office building is being built by Charlotte developer Lincoln Harris and construction is expected to be complete in 2021.
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Honeywell may also be known as or be related to Honeywell, Honeywell Automation India Ltd., Honeywell International Inc, Honeywell International Inc. and honeywell sensing and control.