Honeywell

Honeywell is a large U.S. aerospace and defense contractor based in Morristown, New Jersey. Honeywell Aerospace makes flight safety and landing systems as well as jet engines, including engines for Unmanned Aerial Vehicles (UAVs) such as those used in Predators which fire Hellfire missiles. Honeywell also makes automation and control equipment used in home and industrial heating. It also makes car products for consumers such as Prestone and FRAM.

Honeywell reported net sales of $36,529,000,000 in 2011.

Ties to Pete Peterson's "Fix the Debt"
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

Norway shuns ties to Honeywell
The country of Norway has removed Honeywell along with six other corporations from its pension fund because of the corporations' presumed involvement in the production of nuclear weapons. The six other corporations are BAE Systems of Britain, Boeing, Northrop Grumman, United Technologies, Finmeccanica of Italy, and Safran of France.

Most of the companies, including Honeywell, would not confirm to Norway's central bank the production of nuclear weapons components but Norway's Finance Ministry said verification was obtained by company news releases and sources like Jane's Information Group which publishes military information.

Key Executives
As of January 2013
 * David M. Cote, Chairman and CEO
 * Tim Mahoney, President and CEO, Aerospace
 * Roger Fradin, President and CEO, Automation and Control Solutions
 * Alex Ismail, President and CEO, Honeywell Transportation Systems
 * Andreas Kramvis, President and CEO, Performance Materials and Technologies
 * Katherine L. Adams, Senior Vice President and General Counsel
 * David J. Anderson, Senior Vice President and Chief Financial Officer
 * Rhonda Germany Corporate Vice President and Chief Strategy and Marketing Officer
 * Mark R. James, Senior Vice President,Human Resources and Communications
 * Mike Lang, Vice President and Chief Information Officer
 * Krishna Mikkilineni Senior Vice President, Engineering and Operations and President of HON Technology Solutions (HTS)
 * Shane Tedjarati President, Global High Growth Regions

Former executives include:
 * Adriane M. Brown - former President and CEO, Transportation Systems
 * Nance K. Dicciani - former President and CEO, Specialty Materials
 * Rob Gillette - former President and CEO, Aerospace
 * Peter M. Kreindler - former Senior Vice President, General Counsel
 * Mark James - former Senior Vice President, Human Resources and Communications

Executives and 2006 pay
 * David M. Cote - Chairman and CEO, $25,760,000
 * David J. Anderson - Senior Vice President and Chief Financial Officer, $7,623,081
 * Larry E. Kittelberger - Senior Vice President, Technology and Operations, $6,401,052

Board of Directors
As of January 2013
 * David M. Cote, Chairman and Chief Executive Officer of Honeywell International Inc.
 * Gordon M. Bethune, Retired Chairman and Chief Executive Officer of Continental Airlines, Inc.
 * Kevin Burke, Chairman, President and Chief Executive Officer of Consolidated Edison, Inc. (Con Edison)
 * Jaime Chico Pardo, President and Chief Executive Officer, ENESA, S.A. de C.V. (also a directors at AT&T)
 * D. Scott Davis, Chairman and Chief Executive Officer of United Parcel Service, Inc. (UPS)
 * Linnet F. Deily, former Deputy U.S. Trade Representative and Ambassador (ambassador to the World Trade Organization under George W. Bush) and former Vice Chairman of The Charles Schwab Corp.
 * Judd Gregg, former U.S. Senator from New Hampshire
 * Clive R. Hollick, former Partner, Kohlberg Kravis Roberts & Co.
 * Grace Lieblein, Vice President, Global Purchasing and Supply Chain of General Motors Corporation (GM)
 * George Paz, Chairman, President and Chief Executive Officer of Express Scripts, Inc.
 * Bradley T. Sheares, former Chief Executive Officer of Reliant Pharmaceuticals, Inc.; former President, U.S. Human Health, Merck & Co., Inc.

Former board members include:
 * Ivan G. Seidenberg (also Chairman and Chief Executive Officer of Verizon Communications Inc.)
 * Eric K. Shinseki, Retired General United States Army
 * John R. Stafford, Retired Chairman of the Board of Wyeth

Political Contributions and Lobbying
Honeywell gave $797,343 to federal candidates in the 2006 election through its political action committee - 38% to Democrats, 61% to Republicans, and 1% ($8,500) to independent Joseph Lieberman (I-CT).

The company spent $2,880,000 for lobbying in the first half of 2007. $700,000 went to seven lobbying firms with the remainder being spent using in-house lobbyists.

A report by Public Campaign revealed that Honeywell spent $18.3 million in lobbying between 2008-2010. During the same time period, it received $34 million in tax rebates and made $4.903 billion in US profits, meaning it paid a tax rate of -1%. Executive compensation also increased 15%, from $47,246,881 in 2008 to $54,279,566 in 2010. In addition, between 2009-2011 Honeywell made $5,112,779 in federal campaign contributions.

Between 2011 and 2012, total contributions from Honeywell reached $3,996,227. Top candidate recipients include Mitt Romney, provided with the most at $53,820. Barack Obama closely followed with $47,626. In 2012, Honeywell spent approximately $7,120,000 in lobbying expenses.

Contact details
101 Columbia Road Morristown, NJ 07962 Phone: 973-455-2000 Fax: 973-455-4807 Web: http://www.honeywell.com

Related Sourcewatch articles

 * American Security Council
 * Defense contractors
 * Military-industrial complex
 * National Foreign Trade Council
 * National Missile Defense Contractors
 * Political influence of arms companies
 * Transatlantic Policy Network
 * Valis Associates
 * Lawrence A. Bossidy - former CEO
 * Katherine L. Adams
 * Lord Hollick of Notting Hill - former board member

Featured SourceWatch Articles on Fix the Debt

 * Fix the Debt Portal Page
 * Fix the Debt's Leadership
 * Fix the Debt's Partner Groups
 * Fix the Debt's State Chapters
 * Fix the Debt's Lobbyists
 * Fix the Debt's Parent Group
 * Fix the Debt's Corporations
 * Pete Peterson
 * Peter G. Peterson Foundation
 * America Speaks
 * Simpson-Bowles Commission
 * Erskine Bowles
 * Alan Simpson
 * Social Security
 * Medicare
 * Medicaid

External articles

 * Peter Bauer, "Business booming for U.S. defense contractors", CorpWatch, August 20, 2005.
 * "Defense firms feast on Bush’s 'War on Terror'", Taipai Times/CorpWatch, August 29, 2005.
 * "Honeywell Agrees to $451 Million Lake Cleanup", Environment News Service/CorpWatch, October 13, 2006.