Why does Honeywell license technology it still uses?
Honeywell generally derives the greatest value from its technology by investing in facilities to manufacture and market products based on that technology. Honeywell often reinvests in technologies to expand capacity and/or to build new production lines. However, for numerous reasons, Honeywell may choose to limit continuing investment in a technology or product line. In order to continue to generate value from the basic technology and the improvements developed, Honeywell, despite its continuing use of the technology, may choose to license the technology to others so they may capitalize on Honeywell’s knowledge and invest in their own manufacturing facilities.
