Business
Honeywell Aerospace is responsible for about thirty percent of Honeywell’s total revenue with half from commercial contracts and half from defense contracts. The division generates $10 billion in annual sales with $2 billion in profit. In 2010, 75 percent of revenue was from the Americas.
Honeywell expects future revenue sources to be more geographically diverse as aviation grows in countries like India and Africa. In these regions, a lack of ground support encourages the use of additional cockpit avionics to prevent crashes and determine flight routes. Honeywell publishes a regular business aviation forecast, which acknowledged a significant decline from 2008-2010, but expects recovery to 2008 levels by 2017.
Read more about this topic: Honeywell Aerospace
Famous quotes containing the word business:
“It is the business of the critic, as of the portrait painter, to synthesize a million glances at his subject that will tell the onlooker at one glance the truth about him, as ultimate as he can get it.”
—Rebecca West (1892–1983)
“I must create a system or be enslaved by another man’s;
I will not reason and compare: my business is to create.”
—William Blake (1757–1827)
“... hurled religiously
Upon your business of humility
Into the iron forestries of hell....”
—Allen Tate (1899–1979)