What Happened
Aerospace Giant Exceeds Expectations Amid Supply Chain Constraints
Honeywell Aerospace reported third-quarter organic sales growth of 2.4% to $4.6 billion, exceeding its prior expectations. The company maintained its full-year organic growth outlook of 4% to 5% despite ongoing supply-chain constraints. Chief Executive Officer Jim Currier said the company’s first quarter as an independent business finished ahead of expectations, with sales rising 3% sequentially and orders increasing across every end market. According to MarketBeat, Honeywell Aerospace’s backlog increased 12% from a year earlier to over $19 billion.