Honeywell Awarded $11.4 Million Grant from U.S. Department of Energy as Part of Smart Grid Modernization
Rochester, New York 11/18/2009 02:10 AM GMT (TransWorldNews)
Honeywell (NYSE: HON) has been awarded a grant from the Department of Energy (DOLE) as part of the largest ever single energy grid modernization investment in U.S. history. The grant awarded is valued at $11.4 million. The grant was awarded from a smart grid funding package under the American Recovery and Reinvestment Act (ARRA). This solidifies Honeywell's position as a key player in the move to transfer the United States to a more efficient electric system.
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Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.
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