Honeywell Aerospace forecasts $6.5 billion in adjusted earnings by 2030, driven by demand from jetmakers and defense customers.
Honeywell Aerospace expects to achieve $6.5 billion in adjusted earnings by 2030, citing strong demand from jet manufacturers and defense clients. The company, set to spin off from Honeywell International on June 29 and trade as HONA, will prioritize investments in capacity and supply chain over dividends or share buybacks.
The aerospace unit follows GE Aerospace in breaking away from a conglomerate structure, aiming for improved performance through a sharper focus. Honeywell International previously announced plans to create three independent companies specializing in automation, aerospace, and advanced materials, with completions expected this year.
CEO Jim Currier emphasized that eliminating conglomerate distractions will enhance efficiency and organic growth. The company believes targeted capital allocation into factories and suppliers will yield significant returns on investment capital.