MORRIS TOWNSHIP, N.J., March 23 /PRNewswire-FirstCall/ -- Honeywell announced today that the jury in the Breed Technologies Inc. v. AlliedSignal (a Honeywell predecessor) case returned a verdict in favor of Honeywell.
The case arose from the October 1997 sale of AlliedSignal's safety restraints business to Breed Technologies. Honeywell has always maintained that the claims were without merit and that it expected to prevail.
Honeywell International is a $28 billion 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, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit http://www.honeywell.com/.
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