Honeywell marked 100 years of innovation and leadership in the aerospace and oil and gas industries as Honeywell Chairman and CEO Dave Cote, Honeywell Performance Materials and Technologies President and CEO Darius Adamczyk, Honeywell Aerospace President and CEO Tim Mahoney, and other company leaders rang the closing bell at the New York Stock Exchange. The bell ringing recognized the centennials of Honeywell Aerospace, a pioneer in aviation, and Honeywell’s UOP, which created the basis for the modern refining industry.
Honeywell Aerospace traces its legacy of innovation to June 18, 1914, when Lawrence Sperry did a “wing walk” with no one at the controls of his airplane to demonstrate the first aircraft stabilizer, which became known as the autopilot. Today, Honeywell has one of the largest aerospace products and services portfolios in the industry, having invented hundreds of technologies that have led to safer skies, space exploration, and stronger military offerings. Honeywell offers thousands of products and services that can be found on virtually every commercial, defense and space aircraft worldwide.
UOP was founded in Chicago on June 17, 1914, to commercialize the first conversion technology for upgrading crude oil, resulting in a fourfold increase in the amount of gasoline that could be derived from crude oil. Now part of Honeywell’s Performance Materials and Technologies (PMT) business, UOP remains therecognized leader for providing process technology, catalysts, adsorbents, equipment and consulting services to the petroleum refining, petrochemical and gas processing industries.