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June 10, 2014
10:06 EDTHONHoneywell awarded $3.4M project
Honeywell announced a $3.4M project to help improve energy security and surety at Fort Bragg, North Carolina. The company will build a microgrid that uses advance controls to network new and existing backup generators on the U.S. Army post. The electricity these assets produce will then be available across multiple buildings, helping maintain power for vital operations. The Department of Defense will finance the project through its Environmental Security Technology Certification Program, which identifies and demonstrates innovative, cost-effective technologies that address the department's energy and environmental requirements. Along with the microgrid grant, DOD selected Honeywell for a second ESTCP-funded project, work that help trim expenses tied to the post's central heating and cooling plant. Honeywell is also helping optimize Fort Bragg's central plant to reduce energy use. Under the second ESTCP grant, Central Plant Optimization for Waste Energy Reduction engineers will integrate predictive technology designed to cut consumption and costs by controlling the generation and distribution of cooling and heating energy and storage. Construction for both projects is expected to be complete in early 2015.
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November 23, 2015
12:26 EDTHONCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
November 19, 2015
07:30 EDTHONUBS to hold a conference
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November 16, 2015
18:42 EDTHONHoneywell to power Cessna's new Citation Longitude business jet
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07:03 EDTHONHoneywell acquires Satcom1
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05:45 EDTHONHoneywell Aerospace expects 9,2000 deliveries of new business jets through 2025
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