The race has maintained its original ideals since it began in 1985 by focusing on teamwork, camaraderie, physical fitness and competition. The number of participating teams have grown from the original 19 in 1985 to nearly 300 which includes over 8000 runners.
Investments into R&D are key to maintaining and/or improving competitiveness for the long term, and Honeywell spent about $2.1 billion on it in 2016. If You Can't Beat 'Em, Buy 'Em Honeywell has a market capitalization of about $99 billion.
DuPont Cuts 2016 R&D Budget Ahead Of Merger With Dow Chemical. Continuing to pare research and development, DuPont plans to cut its spending on R&D in 2016 to between $1.6 billion and $1.7 billion, a roughly 10% decline from the $1.9 billion the firm devoted to research in 2015. DuPont revealed the budget cut while announcing a decline in fourth-quarter sales and earnings. The reduction will take the firmâs R&D spending to roughly the same amount it spent in 2010.