What Happened
Aerospace Supplier Cuts Sales Forecast Amid Supply Chain Issues
Honeywell Aerospace’s shares plummeted nearly 17% after the company cut its annual sales target due to supply-chain issues. The aerospace supplier now expects 2026 organic sales growth of 4% to 5%, down from an earlier forecast of 7% to 9%. Honeywell Aerospace also reported a 32% decline in second-quarter adjusted profit per share, missing analysts’ expectations. The company’s finance chief attributed the reduced forecast to supply chain constraints, according to Reuters.