Civil aerospace news and insights from Forecast International
Honeywell has reported first-quarter revenue and profit figures that exceeded Wall Street’s expectations, driven by strong demand within its aerospace division. A shortage of new aircraft has led airlines to …
Aerospace Strength Lifts Honeywell’s Q1, Profit Forecast Up Read More
Honeywell has unveiled a significant restructuring plan to split the industrial giant into three independent, publicly traded entities. This move marks a strategic shift aimed at streamlining operations, sharpening business …
Honeywell to Split Into Three Independent Companies in Major Restructuring Move Read More
Honeywell and ITP Aero have joined forces to establish the first European-authorized service center for Honeywell’s F124-GA-200 engine. Located at ITP Aero’s Ajalvir facility in Madrid, this new center will …
Honeywell and ITP Aero Team Up to Bring Engine Repairs to Europe Read More
Honeywell International has agreed to acquire Civitanavi Systems S.p.A., an Italian provider of high-precision inertial navigation and stabilization solutions, for approximately €200 million ($216.8 million). This strategic acquisition strengthens Honeywell’s …
Honeywell Bolsters Autonomous Vehicle Tech with Civitanavi Systems Acquisition Read More
Despite a challenging economic environment, Honeywell delivered a solid year in 2022 with sales up 3 percent to $35.5 billion from $34.4 billion in 2021. The key to its success …
Honeywell Looks to Continued Growth in 2023, Thanks to Surging Bizjet Market Read More