Search Results for: honeywell

October 7 Market Close: GovCon Index Plunges 1%, Falls Below 80 on Honeywell Earnings Guidance Miss

Executive Mosaic’s GovCon Index registered its second loss of at least 1 percent in six sessions Friday to register its second consecutive weekly decline on Honeywell International‘s (NYSE: HON) largest one-day plunge in 15 months on an earnings guidance miss and other falls by mid-tier contractors. Friday’s sharp decline puts the GCI at …

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KBR Closes $300M Purchase of Honeywell Govt Services Business; Stuart Bradie Comments

Houston-based engineering and construction firm KBR (NYSE: KBR) has wrapped up its $300 million purchase of the U.S. government services business of Honeywell (NYSE: HON). KBR said Monday it will integrate Honeywell Technology Solutions Inc. into the KBRWyle government services organization, which KBR expects to generate $2.5 billion in annual revenue across defense and aerospace programs. KBR …

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KBR Agrees to Purchase Honeywell Govt Services Arm for $300M in Continued Federal Push

Houston-based engineering and construction company KBR (NYSE: KBR) has agreed to purchase the U.S. government services business of Honeywell (NYSE: HON) for $300 million in a push to continue expansion efforts in the federal market. KBR said Friday it expects to close the transaction subject to regulatory approval in October and …

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July 22 Market Close: GovCon Index Shakes Off Weak Open, Honeywell Plummets on Sales Outlook Cut

Executive Mosaic’s GovCon Index reversed an initial weak open to register a gain Friday that was not enough to push the GCI to positive for the week as second quarter earnings reports started for government contracting companies. The GovCon Index added 0.289 points to 81.788 Friday but ended at a nominal five-day decline of 0.031 points with …

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Honeywell, Textron Post 2Q Earnings Beats

Honeywell International (NYSE: HON) and Textron (NYSE: TXT) both posted second quarter earnings above analyst expectations before markets opened Friday. The GovCon Index and S&P 500-listed companies were mixed on the revenue front as Honeywell’s increased 2.25 percent from the prior year period but fell short of analyst estimates, while Textron’s …

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Darius Adamczyk Named Successor of Honeywell CEO Dave Cote

Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company’s CEO, effective March 31, 2017. Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell’s executive chairman through April 2018 and then commence a five-year noncompete and consulting agreement with …

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Honeywell Receives $75M AF Turbine Engine Contract Modification

Honeywell International (NYSE: HON) has received a $75 million contract modification to support the U.S. Air Force‘s Versatile Affordable Advanced Turbine Engines III and Beyond program. The Defense Department said Monday the VAATE initiative is a collaborative effort of multiple government agencies and companies that aim to develop new turbo-propulsion engine technologies by 2017. …

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Bostonia to Provide $64M in Funds for 2 Honeywell ESPC Projects

TYSONS CORNER, VA, May 26, 2016 — Bostonia will provide Honeywell $64 million to finance two energy savings performance contracts from the General Services Administration and U.S. Army Corps of Engineers, ExecutiveBiz reported Wednesday. Bostonia said $33 million will go to Honeywell’s project to update heating, ventilation, air conditioning, lighting and water fixtures at GSA-run …

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Honeywell Wins $130M DTRA Instrumentation Test Support IDIQ

Honeywell (NYSE: HON) has won a potential 10-year, $130 million contract to provide instrumentation test services for the test diagnostics branch under the Defense Threat Reduction Agency’s research and development office. DTRA received two proposals for the indefinite-delivery/indefinite-quantity contract that contains a base term of five years and five option years, the Defense …

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Honeywell Lifts Guidance After 1Q Earnings, Revenue Beat on Aerospace Repair & China Boost

Honeywell International (NYSE: HON) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter earnings and revenue above Wall Street’s expectations on higher aerospace repair and overhaul volume and growing automation and control systems sales in China. The Morris Plains, N.J.-based industrial conglomerate posted earnings of $1.53 …

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