AlliedSignal

{{Short description|Defunct American aerospace, automotive and engineering company}}

{{Infobox company

| name = AlliedSignal, Inc.

| logo = File:AlliedSignal logo.svg

| logo_size =

| caption =

| type = Public

| traded_as = {{NYSE was|ALD}} {{ref|a}}

| fate = Acquisition of and merger with Honeywell Inc.

| predecessor = Allied Corp.

| successor = Honeywell

| foundation = {{Start date and age|1985}}

| founder =

| defunct = {{End date|1999|12|1}}

| location_city =

| location_country =

| location = Morristown, New Jersey

| locations =

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| products =

| services =

| revenue = US$ 15.1 billion (1999)

| operating_income =

| net_income = US$ 1.3 billion (1999)

| assets =

| equity =

| owner =

| num_employees = 70,400 (1999){{cn|date=March 2023}}

| parent =

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}}

AlliedSignal, Inc. was an American aerospace, automotive and engineering company, created through the 1985 merger of Allied Corp. and The Signal Companies. It purchased Honeywell for $14.8 billion in 1999, and adopted the Honeywell name and identity.

AlliedSignal was a member of the Dow Jones Industrial Average from 1985 until 1999 when was carried over into Honeywell on the Dow Jones Industrial Average from it purchased in 1999 until initially dropped on February 19, 2008 until August 31, 2020 when it added back to Dow Jones Industrial Average.{{Citation needed|reason=How is this possible if it became Honeywell in 1999?|date=April 2025}}

History

The Allied Chemical & Dye Corporation originated with the 1920 merger of five chemical companies: Barrett Paving Materials (est. 1852), General Chemical Company (est. 1899), National Aniline & Chemical Company (est. 1917), Semet-Solvay Company (est. 1895), and the Solvay Process Company (est. 1881). The consolidation occurred with the backing of chemist William Nichols, who became concerned about dependence on the German chemical industry during World War I, and financier Eugene Meyer. It acquired the Eltra Corporation in 1979.{{cite news |last1=Cook |first1=David T. |title=Allied Corporation vs. the recession |url=http://www.csmonitor.com/1982/0414/041438.html |access-date=February 24, 2016 |newspaper=The Christian Science Monitor |date=April 14, 1982}}

The company renamed itself the Allied Chemical Corporation in 1958, then simply the Allied Corp. in 1981. Allied merged with the Bendix Corporation in 1983, beginning the company's involvement in aerospace.

The Signal Companies traced their history to the Signal Gasoline Company, founded by Samuel B. Mosher in 1922. It renamed itself to Signal Gas & Oil in 1928 to reflect its expanding businesses. By the 1950s, Signal was the largest independent oil company on the West Coast of the United States and Mosher held large stakes in American President Lines and the Flying Tiger Line. In 1964, Signal merged with the Garrett Corporation, an aerospace company. In 1967, they purchased Mack Truck for $85m US.{{cite news |last1=Johnson |first1=Greg |title=Shumway Built Signal Into High-Tech Giant |url=https://www.latimes.com/archives/la-xpm-1985-05-16-fi-17603-story.html |access-date=17 May 2024 |newspaper=Los Angeles Times |date=16 May 1985 |df=mdy-all}} The combined company adopted "The Signal Companies" as its corporate name in 1968,{{cite web |url=http://www.honeywell.com/sites/de/en/|archive-url=https://web.archive.org/web/20090523210046/http://www.honeywell.com/sites/de/en/ |url-status=dead |title=Businesses |website=Honeywell Germany |archive-date=May 23, 2009}} and in 1974, sold its original Oil operations to Burmah Oil for $480m.

The merger of Allied and Signal made aerospace the new company's largest business sector.{{cite web |url=https://www.honeywell.com/content/honeywell/us/en/home.html |archive-url=https://web.archive.org/web/20080621062535/http://www51.honeywell.com/honeywell/about-us/our-history.html |url-status=dead |title=Home |archive-date=June 21, 2008 |website=Honeywell}} The combined company adopted the name Allied-Signal on September 19, 1985.{{cite web |url=http://www.globalfinancialdata.com/articles/dow_jones.html |archive-url=https://web.archive.org/web/20060421145454/http://www.globalfinancialdata.com/articles/dow_jones.html |url-status=dead |title=Dow Jones Industrial Average History|archive-date=April 21, 2006}} It dropped the hyphen to become AlliedSignal in 1993 to reinforce a one-company image and signify the full integration of all of its businesses. Between 1992 and 1997, the company radically reduced the number of suppliers from whom parts and materials were purchased, downsizing its supply base from 10,000 to 2000, particularly by eliminating poorer performing suppliers and training those who remained.Minahan, T., "AlliedSignal Soars by Building Up Suppliers". Purchasing. September 18, 1997. quoted in Moore, N. Y. et al. (2002), [https://www.rand.org/content/dam/rand/pubs/documented_briefings/2005/DB334.pdf "Implementing Best Purchasing and Supply Management Practices: Lessons from Innovative Commercial Firms"]. prepared for the US Air Force, Rand, pages 17 and 83. Accessed 14 July 2024.

On June 7, 1999, AlliedSignal acquired Honeywell for $14.8 billion and adopted the latter's more recognizable name.{{cite news| url=https://www.baltimoresun.com/news/bs-xpm-1999-06-08-9906080198-story.html| title=AlliedSignal to purchase Honeywell; $14.8 billion merger to form bigger player in aerospace, defense; 'An exciting natural fit'; Honeywell to leave Minn. headquarters; 4,500 jobs to be cut; Electronics| newspaper=The Baltimore Sun| date=June 8, 1999| access-date=December 14, 2024| url-access=subscription}}

Product range

Before the merger, Honeywell was an international controls company that developed and supplied advanced technology products, systems and services to aviation and space companies and industry. The product lines of the two companies were complementary, the only principal overlap being avionics.

Aerospace
Aircraft lighting
Aircraft wheels & braking systems
Auxiliary power units (APUs)
Avionics
Engines for regional/business aircraft
Environmental control systems (ECS)
Flight recorders (Black boxes)
Jet engine fuel control systems
Automotive products
Autolite - Spark plugs
Fram - Air filters, fuel filters, oil filters
Prestone - Antifreeze
Garrett - Turbochargers (formerly AiResearch)
Engineered materials
Electronic products
Polymers
Specialised chemicals
Federal Manufacturing and Technology
Operates facilities for the United States Department of Energy

As of 2006, Allied-Signal's automotive products included Fram Filters, Autolite Spark Plugs and Prestone Anti-Freeze. The Bendix Corporation purchased both the Fram and Autolite brands from other companies in 1973. The Prestone brand was acquired in the late 1990s.{{cite news| title=Allied Signal to Buy Prestone| url=https://www.chicagotribune.com/1997/05/15/alliedsignal-to-buy-prestone/| date=May 15, 1997| newspaper=Chicago Tribune| access-date=December 14, 2024}}

References

Notes

:1.{{note|a}} Stock no longer trades. New symbol is HON.

External links

[https://web.archive.org/web/20060421145454/http://www.globalfinancialdata.com/articles/dow_jones.html Globalfinancialdata.com: exact dates for name changes, as listed on the Dow Jones Industrial Average]

Category:Defunct engineering companies of the United States

Category:Chemical companies of the United States

Category:Defunct electronics companies of the United States

Category:Auto parts suppliers of the United States

Category:Instrument-making corporations

Category:American companies established in 1985

Category:Electronics companies established in 1985

Category:Manufacturing companies established in 1985

Category:Technology companies established in 1985

Category:Manufacturing companies disestablished in 1999

Category:Technology companies disestablished in 1999

Category:1985 establishments in New Jersey