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- Since 1984 the Society of Automotive Engineers (SAE) has given an annual Cliff Garrett Turbomachinery and Applications Engineering Award, which "honors Cliff Garrett and the inspiration he provided to engineers by his example, support, encouragement, and many contributions as an aerospace pioneer. To perpetuate recognition of Mr. Garrett's achievements and dedication as an aerospace pioneer, SAE administers an annual lecture by a distinguished authority in the engineering of turbomachinery for on-highway, off-highway, and/or spacecraft and aircraft uses".
- Cliff Garrett was installed in the Arizona Aviation Hall of Fame in 1994.
- The Cliff Garrett Memorial Rodeo Association sponsors an annual charity rodeo, in which Honeywell's Phoenix employees compete in rodeo events.
- The Garrett name is still used to describe turbochargers produced and sold by Honeywell, and Garrett is a registered trademark.
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