The global aerospace sector offers very interesting prospects which could benefit the Honeywell group through its strategic positioning in this area.
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The global aerospace sector offers very interesting prospects which could benefit the Honeywell group through its strategic positioning in this area.
The group also makes a lot of effort to accelerate its growth, particularly through strategic alliances or company takeovers in emerging markets which are currently very popular such as India, China or Brazil which could increase its international market shares.
The group is developing its turbocharged engine segment intended for the American automobile industries whose demand is increasingly strong.
Keep an eye on the various government policies which are increasingly strict with regard to the environment and which can influence Honeywell's operations.
The group's activities are also very sensitive to economic fluctuations and currency devaluations which have a negative influence on the results of this company internationally.
Honeywell is very dependent on some of its major suppliers and the prices charged by them.
Honeywell is an American company that specializes in the production and sale of industrial equipment. In addition to its main products intended for industries, Honeywell also offers various services such as maintenance, technical assistance and engineering services. We can however divide the activities of the group into different hubs according to the level of turnover generated like this:
From a geographic point of view, the Honeywell group still generates over 56.1% of its turnover in the United States. Europe is also one of its main markets with 25.7% of turnover. Finally, the remaining 18.3% is generated in the rest of the world.
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If you now have a good knowledge of the activities of the Honeywell group, we suggest you perfect this knowledge with some information concerning its main competitors in its sector of activity. Indeed, the group faces several major players in the defence sector
First of all, this American company is a world reference in the field of defence and security. Like its competitors, it is responsible for the design and production of innovative technological and electronic products. Most of the sales made by this group are to the US government and other states.
Also known as The Boeing Company, is an American aircraft and aerospace manufacturer based in Chicago, Illinois. Its largest factory is currently located in Everett near Seattle, Washington. The group specialises in the design of civil and private aircraft as well as military aircraft, helicopters and satellites and launchers through its Boeing Defense, Space & Security division. The group is now one of the world's leading military sales companies. The company is thus engaged in a commercial war with its main competitor, the French group Airbus.
This company is an American conglomerate resulting from the merger of Northrop and Grumman in 1994 and is active in the aeronautics and defence sectors, including aeronautics, space and electronics. Based in Los Angeles, the group currently employs 97,000 people and is the third largest arms company in the world.
This US company specialises in aerospace-related electronics and defence systems. Founded in 1922, it is based in Waltham. In 2020, the group merged with United Technologies and became Raytheon Technologies.
This British company operates in the defence and aerospace sectors and is based in New Hampshire. The group also has interests in North America through its subsidiary BAE Systems Inc. The group is the fourth largest defence company in the world and the largest in Europe. It should be noted that the company was created in 1999 by the merger of the former British Aerospace and Marconi Electronic Systems.
It will also be interesting to follow the Leonardo Group, formerly Finmeccanica, which is the number two Italian industrial company and one of the world's leading manufacturers of civil helicopters and one of the world's leading groups in the aerospace sector. It is a company specialised in armaments, helicopters, aeronautics, space industry and energy. The group operates in about 100 countries, including the United States, where it works with several defence companies. The number of employees is currently 70,000.
To maintain its place in the industrial technological products sector, the Honeywell group primarily bases its strategy on innovation, along with establishing various strategic partnerships with other competing or complementary companies. These strategic alliances obviously have more or less significant repercussions on the results of the Honeywell business as well as on the evolution of its share price. Therefore, it's strongly advised to keep a close eye on any new partnerships that the group may set up in the future. Here are some examples of the most recent alliances that have benefited this business.
In 2012, the Honeywell group joined forces with the SKF group to offer an asset management service, particularly in regarding maintenance. To do so, Honeywell was able to count on its own supply along with certain partners like SKF which is one of the major players in this program. The latter particularly contributed to the project through its @ptitude Analyst which is a predictive maintenance software suite along with other products belonging to the group.
In 2014, the Honeywell group and one of its main competitors, Safran, both signed a memorandum of understanding with the GoAir group which is one of the most important low cost airlines in India, in order to help develop its EGTS tax system, a technology to reduce fuel costs for flights.
More recently, in 2017 at the CeBIT 2017 held in Hanover, Honeywell and the Korean group Huawei announced their association for the development of smart building offers in Asia, the Middle East and in Africa.
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