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Known for making everything from cockpit controls to N95 masks, Honeywell dipped 27 spots, to No. 374, on this year’s Global 500 list. Revenues fell by 11.1% year over year, to $32.6 billion, as the pandemic grounded flights. Travel bans pummeled the company’s biggest business, aerospace, which includes selling commercial airplane parts to customers like Boeing and Airbus. Honeywell partially offset that turbulence by beefing up its warehouse automation unit, which supplies Amazon and others, and by spinning up new manufacturing lines for much in demand personal protective equipment. By the end of 2020, Honeywell had an enviable $15.2 billion in cash and equivalents on the balance sheet, which it could use for acquisitions.
Lists ranking Honeywell International
Global 500 - 2021Total revenue for the world’s biggest companies fe...READ MOREview in list
Fortune 500 - 2021This year’s Fortune 500 marks the 67th running of ...READ MOREview in list
World’s Most Admired Companies - 2021After a year in which humanity leaned more heavily...READ MOREview in list