HONEYWELL 21APR2015 OPINION

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OPINION ABOUT: Honeywell International Inc. is an American diversified technology and manufacturing company with approximately $80 billion in market cap. Operations are globally managed through three businesses: Aerospace (39.2% of revenues; aircraft engines, turbochargers, products and services for aircraft manufacturers and automotive and truck manufacturers...), Automation and Control Solutions (36.4%; environmental and combustion controls, security and life safety products, scanning and mobility devices...), and Performance Materials and Technologies (24.5%; advanced materials, process technologies and automation solutions for the energy, paper, chemical and mining industries…).

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