Aerospace Conglomerate Sees Boost in Sales Amid Sustained Demand for Parts and Services

Honeywell International reported higher quarterly revenue and profit, driven by strong demand in its aerospace unit and related aftermarket services. Sales rose to approximately $10.1 billion, up about 10% year over year, according to company filings. Adjusted earnings per share came in at $2.59, beating an expected $2.54. Honeywell’s industrial conglomerate has faced cost and global trade pressures, but its aerospace segment continued to perform strongly, with sales increasing about 13.4%. AeroTime reports. The results capped a constructive year for Honeywell as the company continues advancing a major restructuring plan to separate into three independent businesses focused on automation, aerospace, and advanced materials.