Honeywell on Friday reported third-quarter 2016 sales of $9.8 billion, a 2 percent increase from the same quarter last year, and earnings per share of $1.60, up 4 percent year over year.
The company raised its earnings per share guidance for the fourth quarter of 2016 by 10-13 percent, to $1.74-$1.78. Earnings per share guidance for the full year remains at $6.60-$6.64. The company announced in its fourth quarter of last year earnings per share of $6.10 for 2015.
Dave Cote, company chairman and CEO, said during an earnings call Friday that the split of the company’s former Automation and Control Solutions business segment into two new reporting segments, as well as the sale of its government services business Honeywell Technology Solutions Inc., are among the moves that will make “lasting improvements to the portfolio” by yielding benefits into next year.
A company subsidiary, Honeywell Federal Manufacturing & Technologies, manages the National Nuclear Security Administration’s National Security Campus in Kansas City, Mo., which produces non-nuclear components used in nuclear weapons with a budget of approximately $900 million per year. Honeywell is also one of the partners in Savannah River Nuclear Solutions, the management and operations contractor for the Department of Energy’s Savannah River Site in South Carolina.
Honeywell management did not offer information on either operation during the Friday call.
NSTec Seeking Sources for Aerial Survey Capabilities
National Security Technologies (NSTec), the management and operations contractor at the Nevada National Security Site, is seeking aerial surveying capabilities at the Hanford Nuclear Reservation in Richland, Wash., according to a request for information posted last week.
The solicitation is for collection of thermal image data over two areas at Hanford, one of the Department of Energy’s nuclear cleanup sites. The two areas are roughly 10.5 x 6.5 miles and 1 x 1.5 miles in size, and over a small part of the Columbia River, the solicitation said. The data will be collected Nov. 1-8.
NSTec spokesman Dante Pistone said by email that the solicitation is meant to assess resources available to the Nevada site’s Remote Sensing Laboratory “in support of an aerial survey they have been contracted to conduct at Hanford for site characterization.”
Interested parties should be able to provide broadband thermal mid-wave infrared image data between 3.7 to 4.8 microns, the solicitation said, and image data should have “a dynamic range of 14 bits and be calibrated to apparent radiant temperature with a thermal sensitivity in Noise-equivalent differential temperature (NEDT) under 0.03 C at 12 C.”
Capability statements from interested providers were due by Oct. 19.
From the Wires:
From The New York Times: U.S. officials and members of Congress say Russia is advancing a ground-launched cruise missile that would violate the bilateral Intermediate-Range Nuclear Forces Treaty.
From The New York Times: Retired Marine Corps Gen. James Cartwright, former head of U.S. Strategic Command, pleads guilty to lying to FBI investigators regarding his communication with reporters about U.S. efforts to curb Iran’s nuclear program.
From the Yonhap News Agency: The United States might deploy B-2 bombers or other strategic assets to South Korea, South Korean Defense Minister Han Min-koo said after meeting with U.S. Defense Secretary Ashton Carter.
From the Union of Concerned Scientists: The United States could cut its stockpile of deployed and nondeployed nuclear weapons by 1,850, from 4,500, without undermining its deterrent needs.
From The Guardian: Australia joins the United States and other nuclear-armed states in opposition to a U.N. General Assembly resolution that calls for 2017 negotiations on a legally binding nuclear weapons ban.
