What Happened
Aerospace Firm Sticks To Financial Goals Despite Acute Supplier Problems
Honeywell Aerospace is working to overcome supply chain troubles that affected key suppliers early in the year, according to executives. The issue limited sales growth, but the company has taken steps to remediate the problem and has seen improvements in March and April. Despite the setback, Honeywell is sticking to its 2026 financial goals, expecting high-single-digit percentage sales growth. The company’s aerospace business turned a $1.1 billion first-quarter profit, up 4% year on year, and plans to complete a spin-off into a standalone publicly traded firm on 29 June, as reported by FlightGlobal.