Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International Inc.    HON

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Honeywell International : Gary airport sues for $2.5M cleanup

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2017 | 12:13am CEST

The Gary/Chicago International Airport Authority has filed a lawsuit against New Jersey-based Honeywell International Inc., seeking $2.5 million for an environmental cleanup near airport property.

The lawsuit accuses Honeywell and its subsidiaries, including Universal Oil Products, of sending significant amounts of hazardous wastes that wound up near the airport property. Airport Authority officials said the waste, consisting of petroleum and volatile organic compounds, was dumped on the site when land adjacent to the airport property was owned and operated several decades ago by the Conservation Chemical Co. of Illinois.

According to the lawsuit, between 1985 and 2014, investigations by the federal Environmental Protection Agency and the Indiana Department of Environmental Management found that hazardous materials seeped onto the airport's property, into a nearby ditch, then into the Grand Calumet River. The complaint also says EPA officials issued a "removal action" between 1985 and 1989 to try to get Honeywell to clean up the site.

Honeywell officials declined to comment on the lawsuit or how their company used the site for disposal all those years ago.

The lawsuit says that back in 1998, Honeywell was listed among a group of potentially responsible parties that agreed to remediate a portion of the site of soil and groundwater contamination.

That remediation was limited to the actual site and did not include any airport property south of the site or in an adjacent ditch, which runs about 5,700 feet from the old Conservation Chemical Co., site to where it discharges into the Grand Calumet River.

In recent years, pollutants were discovered when airport officials began the work for the expansion of the airport's primary runway.

Airport officials said $500,000 of airport funds has already been spent cleaning up the mess. In a lawsuit filed back in March in the U.S. District Court in Hammond, airport officials said an additional $2 million will need to be spent to fully resolve the situation.

According to one news report, airport authority officials have discussed the lawsuit privately with the airport's governing board, seeking to ratify a lawsuit case number so the legal action could proceed in the courts.

The board, however, was unable to do so on Monday due to a lack of a quorum. Attorney Michael Tolbert said the board's action may take place at a special meeting that may be held next week.

© Copyright © 2017 Crusader Newspapers Online, All rights reserved., source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HONEYWELL INTERNATIONAL IN
05/27 Federal Contracts Awarded to Companies in Arizona (May 27)
05/27 HONEYWELL INTERNATIONAL : MILITARY $45,366 Federal Contract Awarded to Honeywell..
05/27 HONEYWELL INTERNATIONAL : MILITARY $4.36 Million Federal Contract Awarded to Hon..
05/27 HONEYWELL INTERNATIONAL : MILITARY $80,139 Federal Contract Awarded to Honeywell..
05/27 HONEYWELL INTERNATIONAL : MILITARY $73,575 Federal Contract Awarded to Honeywell..
05/27 HONEYWELL INTERNATIONAL : MILITARY $501,420 Federal Contract Awarded to Honeywel..
05/27 HONEYWELL INTERNATIONAL : MILITARY $4.18 Million Federal Contract Awarded to Hon..
05/26 HONEYWELL INTERNATIONAL : MILITARY $72,595 Federal Contract Awarded to Honeywell..
05/26 HONEYWELL INTERNATIONAL : MILITARY $342,569 Federal Contract Awarded to Honeywel..
05/26 HONEYWELL INTERNATIONAL : MILITARY $232,324 Federal Contract Awarded to Honeywel..
More news
Sector news : Industrial Conglomerates
05/26 BA and Iberia plan third-party booking surcharge, Amadeus shares hit
05/25 EXCLUSIVE : Bankrupt Westinghouse ends pensions for ex-CEOs, executives
05/24DJGENERAL ELECTRIC : GE Will Need More Cost Cuts to Hit 2018 EPS Goal, CEO Says
05/24 E I DU PONT DE NEMOURS AND : Loeb sees $20 billion more value from Dow-DuPont me..
05/24DJDOW CHEMICAL : Dan Loeb to Call for Changes to Dow-DuPont Post-Merger Plan--Upda..
More sector news : Industrial Conglomerates
News from SeekingAlpha
05/26 HONEYWELL : Activists Flooding Industrials
05/24 Honeywell International (HON) Presents At Electrical Products Group 2017 Annu..
05/24 Going Long With W.G. - Exclusive Research From WG Investment Research
05/24 GENERAL ELECTRIC : Immelt Has One Last Ace Left To Play
05/24 The No. 1 Stock In The World (Revisited) - Apple Up, Realty Income Down
Advertisement
Financials ($)
Sales 2017 39 347 M
EBIT 2017 7 666 M
Net income 2017 5 442 M
Debt 2017 4 194 M
Yield 2017 1,95%
P/E ratio 2017 18,93
P/E ratio 2018 17,34
EV / Sales 2017 2,69x
EV / Sales 2018 2,55x
Capitalization 101 582 M
More Financials
Chart HONEYWELL INTERNATIONAL IN
Duration : Period :
Honeywell International In Technical Analysis Chart | HON | US4385161066 | 4-Traders
Full-screen chart
Technical analysis trends HONEYWELL INTERNA...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 137 $
Spread / Average Target 2,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Darius Adamczyk President, Chief Executive Officer & Director
David M. Cote Executive Chairman
Thomas A. Szlosek Chief Financial Officer & Senior Vice President
Krishna Mikkilineni Senior Vice President-Engineering & Operations
Jaime Chico Pardo Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HONEYWELL INTERNATIONA..15.02%101 582
GENERAL ELECTRIC COMPA..-13.13%238 375
3M CO12.38%119 848
SIEMENS AG7.92%119 753
E I DU PONT DE NEMOURS..6.06%67 498
ILLINOIS TOOL WORKS IN..14.63%48 491
More Results