Honeywell has again been selected as one of the “Most Admired Companies” in the world by Fortune magazine. For the second consecutive year, Honeywell was ranked number three in the Aerospace and Defense industry. In addition, Honeywell ranked number two in the Aerospace and Defense industry’s “long-term” investment category, moving up from number three last year.

Fortune surveyed more than 15,000 top executives, directors and members of the financial community. Results are featured in the March magazine edition.

View this year’s winners.

Honeywell attended the Heli-Expo®, the largest trade show dedicated to the international helicopter community. The show took place Feb. 20-23 in Houston, Texas, and was attended by more than 16,000 industry professionals from around the world.

Honeywell announced milestones and upgrades at the show. Press announcements from the show include:

- Honeywell has teamed with Eagle Copters of Calgary, Alberta, to offer an HTS900 engine upgrade for the Bell 407 helicopter, called the Eagle 407 HP. The Honeywell HTS900 engine is a new type of engine design that provides superior performance in high, hot conditions, fuel efficiency and operating costs.

- M International has joined Honeywell’s worldwide network of authorized distributors for the T53 engine. Honeywell’s T53 engines have accumulated more than 50 million hours of service since its introduction as the powerplant for the Bell Helicopter UH-1 “Huey” helicopter.

- Honeywell’s popular Bendix/King by Honeywell AV8OR handheld Global Positioning System (GPS) is now available for helicopter operators. The AV8OR is a portable touch-screen GPS for use in the car or in the air, with real-time weather capability, moving-map navigation and video-in capability.

- The CTS800 engine, produced by Light Helicopter Turbine Engine Company, a  50:50 joint venture between Honeywell and Rolls-Royce, has surpassed 50,000 in-service flight hours primarily powering the AgustaWestland Super Lynx 300 and ShinMaywa US-2 aircraft.

- Honeywell announced that flight testing of the LTS101 engine upgrade from Airworks New Zealand for the Eurocopter BK117 has been completed. The LTS101 upgrade, which updates the engines to the LTS101-850B-2, delivers 15 percent more take off power and 18 percent more power for hot day operations.

- Honeywell’s Sentinel Multi-Function Display and Navigation System has been upgraded to include a new display for improved cockpit flexibility and new software features to improve the system capability, as well as approach plates and airport diagrams.

Honeywell Aerospace announced new business wins valued at approximately $160 million at Asia’s largest aerospace and defense event – the Singapore Air Show, one of the top three largest airshows worldwide.  The wins include contracts with Hainan, Turkish, Qantas, Vietnam, Jeju Air, Singapore, China Eastern, and PT Lion Mentar Airlines, for avionics, wheels and brakes, and repair and overhaul services for Auxiliary Power Units.

At the show, Honeywell also was selected by Air Transport World to receive the “Aviation Technology Achievement Award,” in recognition of its advanced cockpit weather radar which plays a vital role in improving safety of flight, reducing turbulence-related injuries, and boosting operational efficiency.

In addition, Honeywell also received the “2010 Frost & Sullivan Asia Pacific Aerospace & Defense Awards – Avionics OEM of The Year.” The Frost & Sullivan Awards are presented to companies that demonstrate diligence, commitment, and innovative business strategies that advance the industry globally.

Chairman and CEO Dave Cote introduces President Barack Obama at a 2009 media briefing in support of the U.S. Reinvestment and Recovery Plan.

Honeywell Chairman and CEO Dave Cote was named to the Bipartisan National Commission on Fiscal Responsibility and Reform by U.S. President Barack Obama.  The 18-member commission, which will be co-chaired by former White House Chief of Staff Erskine Bowles and former Republican Senate Whip Alan Simpson, will make recommendations to Congress by December 1, 2010 on how to balance the U.S. budget by 2015 and improve the country’s long-term fiscal outlook. 

“I am proud that these distinguished individuals have agreed to work to build a bipartisan consensus to put America on the path toward fiscal reform and responsibility,” said President Obama. “I know they’ll take up their work with the sense of integrity and strength of commitment that the American people deserve and America’s future demands.”

Cote currently serves on the U.S. Business Roundtable, an association of CEOs of leading U.S. companies, and was named co-chair of the U.S.-India CEO Forum by President Obama in 2009. 

For more information, read the press release.

“Honeywell is a very different and much better company today,” said Honeywell Chairman and Chief Executive Officer Dave Cote.  “The processes and principles that we’ve adopted have enabled Honeywell to perform well in good times as well as tough economic times.  We are now one company, guided by the same initiatives and behaviors.  This common one Honeywell culture, together with the strength of our global portfolio, allowed us to effectively manage costs last year, rather than simply cut programs or people, which positions us well for growth in the next five years.”

At its February 22nd investor conference, Honeywell discussed important global growth factors, including favorable macro-trends, such as energy efficiency, safety, and security, and key technologies and products like refining processes for bio-renewables, Smart Grid thermostats, low-global-warming-potential refrigerants, air safety technologies, and turbochargers.  

For more information, read the press release.

Honeywell announced the addition of a Smart Grid application to its Prestige® programmable thermostat, enabling the device to automate energy consumption based on the homeowner’s programming specifications, such as preferred energy cost and usage.

When Prestige is used as directed, Honeywell estimates that homeowner’s can reduce annual heating and cooling costs by up to 33% – or up to $200 each year – depending on geographic location.

Prestige is the industry’s first full-color, high-definition, wireless-enabled thermostat. It has a patented, interview-based interface that walks a homeowner through the set-up process by asking questions such as “what time does the first person wake-up in the morning?” or “what time do you go to sleep at night?” The answers help the thermostat program itself without an owner’s manual.

For more information on Prestige and other Smart Grid-related technologies and solutions by Honeywell, read the press release.

Honeywell re-affirmed its full-year 2010 financial guidance, including sales of $31.3 – 32.2 billion and earnings per share (EPS) of $2.20-2.40.  In addition, the company confirmed first quarter sales guidance of $7.2 – 7.6 billion and updated its first quarter EPS guidance to $0.40 – 0.45, which reflects the company’s continued strong operational performance and excludes the potential negative impact of proposed healthcare legislation that was previously included in its first quarter EPS guidance. 

“The outlook for Honeywell is bright,” said Honeywell Chairman and Chief Executive Officer Dave Cote.  “We performed well in the last recovery, well in the recession, and will perform even better in this recovery.  We continued seed planting throughout the cycle, investing in innovative new products and technologies, which positions us well for growth.  We maintained our research and development investment, expanded our emerging region presence, and made further progress on our key process initiatives.  This focus allows us to build on our technology differentiation and expand our global footprint.  Today, we are building off a much stronger base that will enable us to drive significant growth over the next five years.”

Honeywell will hold its annual investor conference on Monday, February 22 to discuss strategies for its businesses and major markets, including detail on its attractive long-term growth outlook.  

For more information on the conference, read the press release.

Norm Gilsdorf, president of Honeywell Process Solutions (HPS), has been named a Distinguished Engineering Alumni (DEA) Award winner from his alma mater, Purdue University in West Lafayette, Indiana. Gilsdorf was selected for his outstanding technical and business achievements and his dedication to Purdue University.

After graduating from Purdue in 1977 with a degree in chemical engineering, Gilsdorf joined UOP, a joint venture fully acquired by Honeywell in 2005, where he spent 30 years in various leadership positions, including senior vice president and general manager of the Process Technology and Equipment business. Gilsdorf joined HPS in 2008 as vice president and general manager of the Europe, Middle East and Africa region, and became president of the business in 2009.

The Purdue College of Engineering has more than 81,000 living alumni. Since 1964, the distinction of DEA has been bestowed upon only 423 of these outstanding individuals who have become leaders in business, public service, and academia.

For more information, read the press release.

John McClurg, Vice President of Honeywell Global Security, was named one of the “Most Influential People in Security” for 2009 by Security Magazine.

The magazine called McClurg “one of the best leaders in the industry,” and acknowledged his responsibility for the strategic and tactical operations of Honeywell’s internal global security services.

McClurg joined Honeywell in 2005, bringing with him more than 22 years of diverse business and security experience. His background includes extensive knowledge of cyber-counterintelligence, computer investigations and infrastructure threat assessments, and counterespionage.

McClurg serves on Honeywell’s Technology Leadership and IT Councils, chairs the Awareness and Innovation Committee of the Overseas Security Advisory Council of the U.S. Department of State, and sits on the Federal Bureau of Investigation’s (FBI) Domestic Security Alliance Council.

Each year, Security Magazine solicits nominations from thousands of security industry executives worldwide. With assistance from its editorial advisory board, the magazine reviews each nomination and decides who makes the final list based on who has positively impacted and encouraged colleagues, future security executives, and the general public on security matters. 

Read the full article.