Honeywell is an integrated operating company that provides products and software across a wide range of industries. Its four main segments are aerospace technologies, building automation, energy and sustainability solutions, and industrial automation. Honeywell announced in October 2024 that it plans to spin off its advanced materials business, and in February 2025 followed up with plans to spin off its aerospace and automation businesses to form a trio of independent publicly traded companies.
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Change the World 2024
This industrial giant makes much of the technology that makes other companies run. And CEO Vimal Kapur has focused its portfolio on automation, aviation, and the energy transition. The goal is to address not just the technology behind that transition but the cost, making it feasible for enterprise customers to turn a profit while doing the right thing. On one urgent front, Honeywell is creating greener ways to store energy, such as through low-carbon hydrogen and food waste. It’s a leader in tech that produces sustainable aviation fuel (SAF) from such waste. At least for now, as Kapur told Fortune, “you can’t run a plane on electricity.”
