Honeywell launches Fast Track Automation for expedited vaccine development » 08:0805/2805/28/20
Honeywell announced Fast…
Honeywell announced Fast Track Automation, a combination of proprietary technology innovations for the life sciences industry that enables vaccines, treatments and therapies to move from regulatory approval to full production in as little as two months depending on process requirements. The solution incorporates process automation elements that can be configured in a virtual environment, then implemented rapidly once a therapy is approved and ready to be produced for public distribution. Fast Track Automation is a response to the global COVID-19 outbreak.
|Over a week ago|
KBR awarded Honeywell Master Services Agreement extension » 06:0205/2605/26/20
KBR (KBR) announced it…
KBR (KBR) announced it was awarded a five-year extension of its Honeywell (HON) Master Services Agreement, or MSA, for professional services in metrology, global property management and quality assurance. KBR said, "The amendment extends the original contract, which was awarded in 2016, by four base years and one option year. It is a hybrid cost-plus-fixed-fee, time and materials, and firm-fixed-price contract. KBR will provide four main professional services: program management; metrology calibration and repair; quality-assurance first article inspections and field quality engineering; and property accountability and compliance. These services will benefit Honeywell's Aerospace and Defense production sites daily operations."
Fly Intel: Top five analyst upgrades » 10:1205/2105/21/20
LOW, LVS, PDCE, CAR, HON
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lowe's upgraded to Buy from Hold at Stifel with analyst John Baugh saying the company had an impressive April quarter, with 20.4% comps in the final month and continued strong trends in May driven by online sales. 2. Las Vegas Sands (LVS) upgraded an Outperform from Neutral at Credit Suisse with analyst Ben Combes saying the company's "strong" liquidity position suggests a 1.5 year runway in a zero revenue environment, and it is still making substantial discretionary capital investments. 3. PDC Energy (PDCE) upgraded to Buy from Hold at Stifel with analyst Michael Scialla saying the recent oil price rally reduces concern over the company's potential reliance on its credit facility to fund a near-term debt maturity. 4. Avis Budget (CAR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Adam Jonas saying the company's $500M secured bond issuance was "critical" to giving it time to "de-fleet in a more orderly way," while it has also achieved in excess of $2B of run-rate annualized cost savings. 5. Honeywell (HON) upgraded to Buy from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Honeywell upgraded to Buy from Hold at HSBC » 06:5505/2105/21/20
HSBC analyst Puneet Garg…
HSBC analyst Puneet Garg upgraded Honeywell to Buy from Hold with a $158 price target.
Criteo names Dave Anderson as interim CFO » 08:0405/1505/15/20
CRTO, NLSN, HON
Criteo (CRTO) announced…
Criteo (CRTO) announced the appointment of Dave Anderson as interim CFO for a six-month engagement in replacement of Benoit Fouilland, effective May 18. As the prior CFO of Nielsen Holdings (NLSN) and Honeywell International (HON), Dave Anderson is a highly experienced and senior finance and operations leader who has worked in diverse global companies across a range of industries. Benoit Fouilland, whose planned departure was announced on March 2, will support Dave and the company to ensure a smooth transition through June 30, as required. In the interim, the company continues to actively search for a permanent CFO.
Honeywell expands face mask production in Europe with new UK manufacturing line » 05:1705/1505/15/20
Honeywell announced that…
Honeywell announced that it will build a new production line capable of producing up to 4.5 million FFP2 and FFP3 disposable face masks per month at its Newhouse site in Scotland, United Kingdom. These masks will assist the U.K. government's response to the coronavirus (COVID-19) outbreak. The U.K. government has ordered 70 million of the locally produced Honeywell SuperOne face masks, with production expected to start as early as July. The masks will be distributed by the Department of Health and Social Care to the U.K.'s National Health Service and social care settings to protect frontline workers. The new mask production line is expected to create approximately 450 jobs at Honeywell's Newhouse site.
Honeywell reaches deal with UK government for 70M face masks, Bloomberg says 19:2205/1405/14/20
Honeywell doesn't see 'dramatic' cut to defense budgets » 09:0705/1305/13/20
Honeywell doesn't see "dramatic' cut to defense budgets "no matter who gets elected in November."
Honeywell CEO sees recovery in quarters, not years 09:0105/1305/13/20
Honeywell was 'much more challenged' in April, CEO says 09:0105/1305/13/20