March 12, 1998 |
Honeywell Inc. said Wednesday that it has acquired a Simi Valley-based airfield-lighting manufacturer to bolster its share of the $12-billion market for aircraft-landing equipment. With its acquisition of closely held Hughey & Phillips Inc., the Minneapolis-based avionics giant hopes to provide "one-stop shopping" for airlines and airports looking to enhance current landing procedures with satellite tracking of aircraft, Honeywell Vice President Mike Smith said.
March 18, 1997 |
The U.S. Supreme Court told a federal appeals court to take another look at a high-stakes verdict against Honeywell Inc. in its long-running patent-infringement fight against Woodland Hills-based Litton Industries Inc. Honeywell's appeal centered on a challenge to a patent rule known as the doctrine of equivalents, which lets a patent holder get damages from competitors for products or processes that are similar, but not identical, to patented inventions.
March 3, 1997 |
When Chairman and Chief Executive Michael Bonsignore enters his spacious office at Honeywell Inc., he doesn't have to switch on the lights. They come on automatically whenever someone enters the room. Bonsignore also doesn't have to worry about dry winter air damaging his totem pole or tribal masks carved by natives of British Columbia and Alaska. The corporate offices are humidity controlled.
January 28, 1997 |
Honeywell Inc., a global manufacturer of control systems for home and industry, will acquire Measurex Corp. for $600 million in cash. The transaction is expected to strengthen Honeywell's position as a supplier of systems, services and products for the worldwide pulp and paper manufacturing industry, the companies said in a joint statement.
July 28, 1996 |
One of the oddball counterpoints to the currently gyrating stock market is the constant stream of comment from market experts about "technology" and the "direction of the U.S. economy." Anybody who knows the real environment in which U.S. business operates these days can see that the market gurus know next to nothing about "technology" or the U.S. economy. That real environment has changed in recent years in the scope of its operations and the application of technology.
July 9, 1996 |
Litton Industries Inc. said Monday that it won another round in its historic billion-dollar litigation with Honeywell Inc. over rights to a product used in guiding commercial jetliners. Litton, a Woodland Hills-based aerospace electronics concern, said a federal appeals court reinstated a jury's finding that Honeywell infringed Litton's patent on a process to coat mirrors in the navigational product, called a ring laser gyroscope.
March 1, 1996 |
A federal jury in Los Angeles late Thursday ordered Honeywell Inc. to pay $234 million in damages to Litton Industries Inc. for monopolizing the market for a product used in guiding commercial jetliners--a sum that would automatically be tripled to $702 million under U.S. antitrust law. Honeywell, saying it was "surprised and extremely disappointed" by the jury's verdict, said it would immediately appeal the decision.