Sina Financial News On the evening of July 14, Beijing time, diversified manufacturers in the United StatesHoneywell(87.9, -1.87, -2.08%) International announced on Monday that it plans to merge its transportation systems division into the aviation division to capitalize on the similarities between the two businesses.
The transportation systems business is the smallest of Honeywell's four divisions by revenue, but it has grown rapidly, with earnings up 15% last year.
Following this integration, Honeywell will have three business segments: Aerospace, Automation and Control Solutions, and Performance Materials and Technology. (Feather Arrow)