Why is Honeywell dropping?
Honeywell stock fell after announcing a $470 million litigation charge and updated guidance. The company adjusted its full-year earnings per share guidance to $9. Honeywell stock fell after announcing a $470 million litigation charge and updated guidance. The company adjusted its full-year earnings per share guidance to $9. The litigation charge stems from a settlement with Flexjet regarding aircraft engine maintenance disagreements.
Is Honeywell going to spin off aerospace?
Honeywell has confirmed plans to install james (jim) currier as president and ceo of its aerospace business, which is to become an independent, publicly-traded company by the second half of 2026. The move forms part of a wider strategy to separate its three divisions: advanced materials, automation and aerospace. Ceo vimal kapur argued that it was a strategic decision based on the increasing divergence in the needs of aerospace and automation, with honeywell aerospace needing to work on capacity expansion and supply chain transformation and honeywell automation needing to focus on artificial intelligence, digital transformation .