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Honeywell is a Fortune 500 company which produces Aerospace & Defense , Automation & Control Solutions , Specialty Materials, Transportation systems.The company is headquartered in Morristown, New Jersey. Its current chief executive officer is David M. Cote.Albert Butz formed the Butz Thermo-Electric Regulator Co., Minneapolis, on April 23, 1886 to produce "damper flapper" ,a thermostat for coal furnaces,which he had invented in 1885.The Consolidated Temperature Controlling Co. incorporated, acquired Butz's patents and business, and by 1893, had renamed itself Electric Heat Regulator Co.In 1898, the company was purchased by W. R. Sweatt, who, by 1916, had changed the name of the company to Minneapolis Heat Regulator Company, expanded its product line and patented the first electric motor approved by Underwriters Laboratories.In 1927, Minneapolis Heat Regulator Company and Honeywell Heating Specialty Co(founded by Mark Honeywell in 1904) merged to form the Minneapolis-Honeywell Regulator Co and became the largest producer of high-quality jeweled clocks. W. R. Sweatt became chairman and Mark Honeywell, president. They acquired Brown Instrument Co., a worldwide leader in the field of industrial controls and indicators, and inventor of the pyrometer.Harold the son of W. R. Sweatt took over in 1934, led Honeywell through a period of growth and global expansion that set the stage for Honeywell to become a global technology leader. In 1934, the company acquired Time-O-Stat Controls Corporation .Minneapolis-Honeywell Regulator Co. leveraged its scientific and engineering talent to transform itself and adapt to changing times. Mass production was perfected and an array of aeronautical equipment broadened the company's product portfolio. In 1942, the company invented the electronic autopilot (C-1).In 1953, the company introduced the T-86 "Round" thermostat, which replaced chunky, rectangular models.In 1954, the company acquired Doelcam Corp., a maker of gyroscopes. In 1955, a joint venture called Datamatic Corporation, was established with Raytheon Corp. that marked Honeywell's entry into the computer business.The company's name was officially changed to Honeywell Inc. in 1963.In 1970, Honeywell merged its computer business with General Electric's to form Honeywell Information Systems, which performed well in mainframe markets. In 1986, the personal computer emerged and the company formed Honeywell Bull, a global joint venture with Compagnie des Machines Bull of France and NEC Corporation of Japan.In 1991 honeywell withdrew from computer business and focussed its business to its traditional field of automation control, integrating sensors and activators. In 1986, honeywell acquired Sperry Aerospace and became the world's leading integrator of avionics systems.sperry aerospace makes flight controls, space vehicles and the first FAA-certified wind shear warning system.AlliedSignal an an aerospace, automotive and engineering company merged with Honeywell in 1999.
