What Happened
Aerospace Unit Slashes Sales And Profit Outlook Due To Persistent Bottlenecks
Honeywell Aerospace has cut its 2026 forecast due to persistent supply chain bottlenecks, which are preventing the company from capitalizing on booming aftermarket demand. The company now expects organic sales growth of 4% to 5% and adjusted earnings per share of $7.60 to $7.90. Despite the downbeat forecast, CEO Jim Currier emphasized the company’s commitment to its 2030 targets and is taking strategic actions to position Honeywell Aerospace for growth. This news was first reported by BigGo Finance.