Honeywell Beats Earnings with Aerospace Momentum

3 days ago

Nathan Hager

"Well, this is telling us the key theme that aerospace commercial aerospace is doing very well this quarter. Honeywell up 4 and a.5% raised its fullear outlook and reported earnings that beat expectations boosted by the company\"s aerospace unit ahead of a planned breakup in the middle of next year. It plans to spin out its aerospace and automation business. Now this conglomerate houses aerospace building technologies, safety technologies and performance materials. But these results from Honeywell were really the latest to highlight the momentum for commercial aerospace manufacturers. We had positive news from GE Aerospace and RTX earlier this week. So really following along with the trend there. Now sales at Honeywell\"s aerospace unit jumped 15% in the most recent quarter."

Honeywell delivered strong earnings driven by its aerospace unit, raising its outlook and underscoring the robust momentum in the commercial aerospace sector ahead of its planned spin-off.

Related Stocks