Honeywell International Inc. is currently a top American cross-national conglomerate which makes a range of industrial and consumer products, engineering solutions, and aerospace software for a diverse mix of users, from private customers to major companies and national governments.
Honeywell is now a Fortune 100 top company; whereas in 2012 it was listed as the 77th company in the Fortune 500 America's ranking. Honeywell has a international workforce of about 130,000, of whom more or less 58,000 are currently working in the United States of America. The company is presently headquartered in Morristown, New Jersey. The present chief executive officer of 3M is David M. Cote. The company and its corporate predecessors were subsidiaries of the famous Dow Jones Industrial Average Index starting from December 7, 1925, continuing until February 9, 2008. The company's contemporary name, Honeywell International Inc., is the result of a merger where Honeywell Inc. was taken over by the much bigger Allied-Signal in 1999. The company headquarters were also united with its giant big brother AlliedSignal's headquarters in Morristown, New Jersey; despite this the combined company chose the name "Honeywell" because of the superior brand awareness and loyalty it offered. Honeywell in addition has many brands and products that most commercial and trade consumers would recognize, including its indigenous line of home thermostats and also the Garrett turbochargers. On March 10, 2013 it was reported that Honeywell was one of 60 companies that had deliberately shielded annual profits from U.S. taxation department. Honeywell has also been blamed in the past for its production of deadly and destructive weapons, such as cluster bombs.