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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Honeywell International Inc.
Date: 02/16/2007 (Date of 10-K Filing)
Misconduct Type: Labor
Enforcement Agency: Non-Governmental
Contracting Party: None
Court Type: Civil
Synopsis: For several years, Honeywell has been trying to settle tens of thousands of asbestos-related injury claims involving its former brick and cement making unit, the North American Refractories Company (NARCO), and Bendix, a former unit of AlliedSignal, which merged with Honeywell. According to Honeywell's February 2007 Form 10-K, the company estimates its liability for settlement of pending and future NARCO-related asbestos claims as of December 31, 2006 and 2005 at $1.3 and $1.8 billion, respectively, and estimates its liability for settlement of pending and future Bendix-related asbestos claims as of December 31, 2006 at $528 million.