May 1, 2009

ASBESTOS LITIGATION: Bendix, NARCO Liability Recorded at $1.721B

COMPANIES: Honeywell International Inc
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Honeywell International Inc., during the three months ended March 31, 2009, recorded asbestos liabilities of US$1.721 billion, of which US$588 million related to its Bendix friction materials business and US$1.131 billion related to its former subsidiary NARCO (North American Refractories…

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