Honeywell Aerospace cuts 2026 growth forecast as component shortages persist
Honeywell Aerospace lowered its 2026 organic sales growth forecast to 4–5% from 7–9%, citing component shortages rather than weak orders. The unit is prioritizing OEM output over higher-margin aftermarket work to keep aircraft programmes moving. Engines and Power Systems profit fell 32% and Electronic Solutions declined 3%, while it absorbed about $100m in separation costs. Honeywell is quadrupling multi-sourcing and in-sourcing to cut supplier dependence.