Minneapolis-Honeywell Regulator Co
Later Honeywell Inc, of Minneapolis, USA
1927 Minneapolis-Honeywell Regulator Co. was formed by the merger of Minneapolis Heat Regulator Company (formed in 1916 from earlier companies) and Honeywell Heating Specialty Co. (formed in 1904). The company became the largest producer of high-quality jewelled clocks.
The company quickly grew as it began to tackle more challenges, including industrial controls and indicators.
1934 The company acquired Time-O-Stat Controls Corporation and began to expand around the world.
1934 Acquired the Brown Instrument Co.
Offices were established in Toronto, the Netherlands, London (see Honeywell Brown) and Stockholm.
By 1941, the company had distributors in Chile, Panama, Trinidad, New Zealand, Argentina, and South Africa.
1942 Invented the electronic autopilot, which proved vital to the U.S. war effort.
1953 The company introduced the iconic T-86 "Round" thermostat, which replaced chunky, rectangular models.
1954 Began work to make gyroscopes more sensitive and precise while reducing their size and weight – and continued improving them over the next two decades.
1955 Established a partnership with Raytheon Corporation, marking Honeywell's entry into the computer business.
1963 Name changed to Honeywell Inc.
1970 Honeywell merged its computer business with that of the General Electric Co to form Honeywell Information Systems. The rest of the company was put into another organization called Honeywell Control Systems.
By 1972 there were 25 wholly-owned subsidiaries, 142 branch offices, and joint ventures in five countries outside the U.S.A.
1986 Purchased Sperry Aerospace to form a world-leading integrator of avionics systems.
1986 With the computer operations in difficulty, Honeywell Bull was formed, bringing together the computer activities of Honeywell, NEC and Bull; Honeywell and Bull each owned 42.5 percent and NEC owned the rest; Honeywell had the option of reducing to 19 percent in 2 years[1]
By 1991, Honeywell was no longer in the computer business.
1993 Opened affiliates in Abu Dhabi, China, Oman, Romania, and the Ukraine.
By 1998, the company had operations in 95 countries.
1999 Acquired by AlliedSignal, a major player in aerospace. Honeywell retained its name.
See Also
Sources of Information
- ↑ New York Times 3 Dec 1986
- [1] History of Honeywell