Honeywell and Under Armour Contribute To Medical Protective Gear Manufacturing

Gene Naumovsky

Honeywell, undergoing a digital transition, and Under Armour converts facilities to produce medical supplies

Once known for digital thermostats, Honeywell is now preparing to launch the world’s most powerful quantum computer, according to Business Insider. Honeywell is providing property owners, aircraft manufacturers, and other clients with efficient and cost-cutting digital platforms. Honeywell CEO Darius Adamczyk, a former electric engineer who started working at the company in 2008, believes all manufacturers will have to make the digital switch in the next decade.

While Honeywell’s transition has been profitable, new economic restrictions due to the novel coronavirus bring unforeseen consequences. Aviation brought in $26.7 billion in Honeywell’s revenue in 2019. Yet, with Boeing shutting down its 737 Max jet project and travel mostly banned, the industry is surrounded by doubt and uncertainty. According to Bloomberg, Honeywell is in the process of acquiring a $5 billion loan. Even though the company furloughed North American employees and reduced executive pay. As the company filters down from 2,000 apps to less than 800 and from 1,500 websites to 400, Adamczyk is excited about 30 new projects aimed at digitizing Honeywell internally. The CEO notes much of the company’s recent success in its decision to use outside vendors to construct an independent IT stack for the company.

At a White House event on Monday, Honeywell announced that the company is hiring for the monthly production of over 20 million face masks at a second US plant. Adamczyk remains confident in the future of the company due to its digital investments and diverse software product portfolio.

In addition to Honeywell, Under Armour also recently announced this week that the sportswear company would begin the production and assembly of protective medical gear, according to the Baltimore Business Journal. The Baltimore based company will provide masks, gowns, and supply kits to the 28,000 health care staff at the University of Maryland Medical System. With plans of providing more than half a million fabric face maks and 50,000 person preparedness kits, the company has already delivered 1,300 face shields to the hospital network. Under Armour is also currently considering hospital gown production and 3D printing for N95 and N80 masks. The fabric face masks don’t require any sewing and can fold into shape.

The Lighthouse, Under Armour’s innovation hub, is the centre of production and the company is currently in communications with LifeBridge Health, MedStar Health, Johns Hopkins Health System, and other health providers. The company cites its inspiration for the mass production in one Italian doctor’s interview, where the doctor attributed the spread of the virus to a lack of protective gear. Under Armour also pledged $2 million for local aid and stores medical supplies for the Maryland Emergency Management Agency. Although the company closed all retail stores and borrowed $700 million for liquidity, Under Armour continues to support its community.

Read the full story on Honeywell here, and the full story on Under Armour here.


Economics, Finance and Investing