Jason Sandefur

Capping a profitable year, Honeywell Inc. reported aerospace sales, including fasteners, increased 7.7% to $10.5 billion, while segment profit grew 15% to $1.7 billion.
Aerospace sales during the fourth quarter of 2005 rose 8% to $2.72 billion, with net income gaining 10% to $469 million.
Overall sales increased 8% to $27.7 billion, while net income grew 29.2% to $1.66 billion. R&D costs rose 17% to $1.07 billion.
Honeywell”s fourth quarter performance saw revenue rise 10% to $7.3 billion, with earnings more than doubling to $511 million.
Military spending continues to contribute to Honeywell”s overall success, with sales to the U.S. Defense Department rising 4.6% to $2.9 billion in 2000. Overall government sales climbed to $3.7 billion.
Honeywell is a global supplier of aircraft components and repair services and a manufacturer of controls equipment, specialty chemicals and car care products.
Honeywell owns TriStar Aerospace and the aerospace parts distribution business of Banner Aerospace Inc.
Dallas-based TriStar Aerospace distributes aerospace hardware and provides inventory management to OEMs and aircraft facilities. TriStar Aerospace is a leading distributor of aerospace fasteners, fastening systems and related products.
Founded in 1973, TriStar has long-term supply agreements with Boeing, Northrop, Grumman, Bell Helicopter, Gulfstream, United Airlines, British Airways and Federal Express. TriStar has annual sales of about $200 million from 2,000 customers.
Headquarters: 101 Columbia Rd., Morristown, NJ 07962-2297. Tel: 973 455-2000 Fax 973 455-4807
Web: honeywell.com
NYSE Symbol: HON
CEO: Dave Cote, 53
Investor Relations: Nicholas Noviello
Founded: 1985
Employees: 116,000, including 58,000 in the U.S.
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