The U.S. Department of Commerce awarded funding to Honeywell's quantum computing subsidiary, Quantinuum.
The capital supports development in next-generation computing and the semiconductor supply chain. This advances Honeywell's computing business alongside its traditional industrial operations.
Separately, Honeywell secured a US$249 million contract from the U.S. Army.
The agreement covers maintenance and support for CH-47 Chinook helicopter engines.
The contract generates recurring aftermarket revenue and strengthens Honeywell's defense aerospace presence.