Honeywell Aerospace Aligns Outlook with Supply Chain Reality After Spin-Off
Dow Jones
Aug 06
Commercial Aftermarket sales rose 8% year over year to $2 billion in the second quarter, driven by broad-based demand across Honeywell Aerospace's installed base. Higher business aviation flight hours contributed to the growth. The segment outpaced both Commercial Original Equipment, which grew 6%, and Defense and Space, which increased 3%. Defense and Space growth was constrained by lower international volumes due to supply issues and the wind-down of a restricted government program. Year to date, the company has secured $15 billion in new wins, including a deal for avionics and power systems on 810 Airbus A320neo family aircraft ordered by IndiGo.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.