Honeywell 2003 Annual Report Download - page 6

PART I.
Item 1. Business
Honeywell International Inc. (Honeywell) is a diversified technology and
manufacturing company, serving customers worldwide with aerospace products and
services, control, sensing and security technologies for buildings, homes and
industry, automotive products, specialty chemicals, fibers, and electronic and
advanced materials. Honeywell was incorporated in Delaware in 1985.
We maintain an internet website at http://www.honeywell.com. Our Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on
Form 8-K, and any amendments to those reports, are available free of charge on
our website under the heading 'Investor Relations' (see 'SEC Filings')
immediately after they are filed with, or furnished to, the Securities and
Exchange Commission (SEC). Honeywell's Code of Business Conduct, Corporate
Governance Guidelines and Charters of the Committees of the Board of Directors
are also available, free of charge, on our website under the heading 'Investor
Relations' (see 'Corporate Governance'), or by writing to Honeywell, 101
Columbia Road, Morris Township, New Jersey 07962, c/o Vice President and
Corporate Secretary. Honeywell's Code of Business Conduct applies to all
Honeywell directors, officers (including the Chief Executive Officer, Chief
Financial Officer and Controller) and employees.
Major Businesses
We globally manage our business operations through strategic business units,
which have been aggregated under four reportable segments: Aerospace, Automation
and Control Solutions, Specialty Materials and Transportation Systems. Financial
information related to our reportable segments is included in Note 23 of Notes
to Financial Statements in our 2003 Annual Report to Shareowners which is
incorporated herein by reference.
Following is further information about our four reportable segments which
are comprised of various strategic business units and product classes that serve
multiple end markets:
Strategic
Business Units Product Classes Major Products/Services Major Customers/Uses Key Competitors
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Aerospace
Engines, Systems Turbine propulsion TFE731 turbofan Business, regional United Technologies
and Services engines TPE331 turboprop and military trainer aircraft (Pratt & Whitney
TFE1042 turbofan Commercial and military Canada)
F124 turbofan helicopters Rolls Royce/
LF502 turbofan Military vehicles Allison
LF507 turbofan Turbomeca
CFE738 turbofan Williams
HTF 7000 turbofan
T53, T55 turboshaft
LT101 turboshaft
T800 turboshaft
AGT1500 turboshaft
LV 100 turboshaft
Repair, overhaul and
spare parts
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Auxiliary power units Airborne auxiliary Commercial, regional, United Technologies
(APUs) power units business and (Pratt & Whitney
Jet fuel starters military aircraft Canada)
Secondary power Ground power United Technologies
systems (Hamilton
Ground power units Sundstrand)
Repair, overhaul and
spare parts
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