Honeywell International expects its first-quarter revenue to be affected by high-single-digit percentages due to the ongoing Middle East conflict, CEO Vimal Kapur said at the BofA Securities Global Industrials Conference.

Azerbaijan’s State Oil Company (SOCAR) has held talks with U.S.-based Honeywell on advancing the energy transition through technology, innovation, and digitalization.

Honeywell (HON.O) announced on Wednesday that its majority-owned quantum computing unit, Quantinuum, plans to confidentially file draft IPO documents with U.S. regulators. The company has not yet revealed the number of shares or the price range for the offering.

The families of four passengers who lost their lives in the June Air India crash have filed a lawsuit in the United States, alleging negligence on the part of aircraft manufacturer Boeing and parts supplier Honeywell.

The State Oil Company of Azerbaijan Republic (SOCAR) and American Honeywell International, Inc. have signed a cooperation agreement on the automation of the region's energy industry and the development of the energy transition.