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Honeywell

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Honeywell-Backed Quantinuum Debuts in Upsized IPO, Closes Near Debut Price
business1 month ago

Honeywell-Backed Quantinuum Debuts in Upsized IPO, Closes Near Debut Price

Quantinuum Inc., the Honeywell-backed quantum-computing company formed from Honeywell Quantum Solutions and Cambridge Quantum, priced its upsized US IPO at $60 a share, opened at $68, and closed at $60.38 for a roughly $16 billion market value. Demand ran more than 20 times the shares offered. Honeywell will hold about 49% of voting power and Cambridge Quantum about 33% after the listing, with JPMorgan Chase and Morgan Stanley leading the offering. Quantinuum’s platform targets chemistry, machine learning, cybersecurity, finance and drug discovery, as investor enthusiasm for AI and quantum tech supports the stock rally. The broader government funding package includes roughly $100 million for Quantinuum (IBM received $1 billion), with the government taking minority stakes in the firms.

via Yahoo Finance|
#business#honeywell#ipo
Kapur charts Honeywell’s three-way breakup to end the conglomerate era
business1 month ago

Kapur charts Honeywell’s three-way breakup to end the conglomerate era

Vimal Kapur, a longtime Honeywell executive, is steering the 141‑year‑old group through a three‑way breakup: spinning off Honeywell Aerospace, separating the Solstice chemical business, and keeping the remainder as Honeywell Technologies focused on automation, with the Quantinuum IPO in the mix and activist investor Elliott Management pressing for value. The move reflects a broader shift away from sprawling conglomerates as investors push for strategic clarity and rapid monetization of assets.

via Financial Times|
#aerospace#break-up#business
Quantinuum Goes Public: Honeywell-Cambridge Quantum Set for Landmark IPO
business1 month ago

Quantinuum Goes Public: Honeywell-Cambridge Quantum Set for Landmark IPO

Quantinuum, the Honeywell-backed quantum computing firm formed from the Honeywell Cambridge Quantum merger, filed for a traditional U.S. IPO seeking up to $1.05B with a ~12.7B fully diluted valuation; founders Honeywell and Cambridge Quantum would hold about 82% after the offering (Honeywell about 49% voting power), while the company posted 2025 revenue of $30.9M and a net loss of $192.6M as it continues heavy R&D, planning to issue about 21M shares at $45–$50 on Nasdaq to trade under the ticker QNT to fund operations and growth.

via The Quantum Insider|
#business#honeywell#ipo
Honeywell to Divest PSS Unit to Brady for $1.4B in Cash to refocus portfolio
business2 months ago

Honeywell to Divest PSS Unit to Brady for $1.4B in Cash to refocus portfolio

Honeywell will sell its Productivity Solutions and Services unit to Brady Corporation for $1.4 billion in cash, with closing expected in the second half of 2026, as part of a portfolio simplification ahead of the planned Aerospace spin-off in Q3 2026. PSS revenue was about $1.1 billion in 2025; the deal expands Brady’s data-capture and workflow-automation capabilities for warehouse, logistics and manufacturing customers, while Honeywell continues evaluating its Warehouse and Workflow Solutions unit as part of ongoing strategic actions.

via PR Newswire|
#brady-corporation#business#honeywell
Auth bypass in Honeywell CCTV risks unauthorized feeds and account takeover
security4 months ago

Auth bypass in Honeywell CCTV risks unauthorized feeds and account takeover

CISA warns of a critical vulnerability (CVE-2026-1670) in multiple Honeywell CCTV models that allows an unauthenticated attacker to change the recovery email on a device account, enabling account takeover and unauthorized access to camera feeds; as of Feb 17 there were no known public exploits; mitigations include limiting network exposure, isolating devices behind firewalls, and using secure VPN remote access; Honeywell has not issued a public advisory and users should contact support for patch guidance.

via BleepingComputer|
#authentication-bypass#cctv#cisa
Victims' Families Sue Boeing and Honeywell Over Air India Crash
world9 months ago

Victims' Families Sue Boeing and Honeywell Over Air India Crash

Families of victims from the June 2025 Air India crash have sued Boeing and Honeywell, alleging faulty fuel cutoff switches contributed to the accident, despite FAA reports suggesting otherwise. The lawsuit, filed in Delaware, seeks damages for the deaths of 260 people, and highlights concerns over maintenance and safety protocols, with experts debating the switches' role in the crash.

via Reuters|
#air-india-crash#boeing#fuel-switches
Air India Crash Victims Sue Boeing and Honeywell
world9 months ago

Air India Crash Victims Sue Boeing and Honeywell

Families of victims from the June Air India Flight 171 crash sued Boeing and Honeywell, alleging negligence over a faulty fuel cutoff switch that contributed to the crash, which killed 260 people. The lawsuit claims the switch's design and known risks were ignored, leading to the tragedy. Both companies have not commented, and the case is the first U.S. lawsuit related to the crash.

via CNBC|
#air-india-crash#boeing#fuel-cutoff-switch