Honeywell Board Authorizes $5 Bln Share Repurchase Program - Quick Facts

(RTTNews) - The Board of Directors of Honeywell (HON) Friday authorized a repurchase up to $5 billion of its common stock as part of its cash deployment strategy.

Honeywell has substantially completed the $3 billion share repurchase program authorized by the Board in 2011. The new share repurchase authorization demonstrates continued confidence in our long-term growth outlook and commitment to delivering value to shareholders through disciplined cash deployment, " said Dave Cote, Honeywell Chairman and CEO.

Honeywell intends to repurchase outstanding shares from time to time in the open market using cash flow generated by its operations.