What Happened
Aerospace Giant Posts $4.5 Billion In Net Sales Amid Restructuring
Honeywell Aerospace, newly separated from Honeywell, reported Q2 2026 net sales of $4,522 million, up from $4,289 million a year earlier. Net income attributable to Aerospace fell to $246 million from $844 million, mainly due to Spin-off transaction costs and new interest expense. The company issued $16.0 billion of senior notes and distributed $15.1 billion of proceeds to Honeywell, contributing to a shareholders’ deficit of $5.7 billion. This report was first published by an unknown source.