What Happened
Aerospace Giant Lowers 2026 Forecast Amid Engine Unit Profit Decline
Honeywell Aerospace’s shares slid 10% in after-hours trading after the company reported a decline in its Engine Unit profit, triggering a revision of its 2026 forecast. The company lowered its organic growth forecast to 4%-5% and adjusted EBIT guidance dropped by $300 million. Despite a 9% increase in backlog to $18.15 billion, supply chain constraints and a shift towards lower-margin deliveries impacted profitability. This news was first reported by Unknown Source.