What Happened
Aerospace Giant Sees Strong Sales Growth After Spin-Off
Honeywell Aerospace has reported higher second-quarter sales following its separation from Honeywell International, with a 5% year-over-year increase on both a reported and organic basis. The company’s backlog has also grown 9% to $18.2 billion, driven by continued strength in the defence and space business. Commercial aftermarket sales have risen 8% to $2.0 billion, while defence and space revenue has grown 3% to $1.8 billion. Honeywell Aerospace has raised its full-year 2026 guidance for organic sales and pro forma standalone adjusted EBIT. This development was first reported by an unknown source.