What Happened
Newly Independent Company Cuts Outlook Amid Supply Chain Disruptions
Honeywell Aerospace’s shares plummeted 24% after the company reported a weaker-than-expected second quarter, citing supply chain problems that limited equipment delivery. Despite strong demand, the company cut its sales growth outlook for 2026 to between 4% and 5%, down from the previous range of 7% to 9%. Honeywell Aerospace also lowered its adjusted earnings forecast to between $7.60 and $7.90 per share. The company’s backlog reached $18.2 billion at the end of the quarter, up 9% from a year earlier. This development was first reported by AeroTime.