Honeywell’s aerospace unit is taking off
Honeywell International Inc expects its aerospace profit margins to keep widening, helped by strong demand for service and spare parts, though margins will not improve as much as they did in the third quarter, the company's chief financial officer said on Friday as Honeywell reported results.
October 23, 2017 By Reuters
Aerospace margins widened by an unusually strong 2.9 percentage points in the third quarter, to 21.3 per cent, as Honeywell scaled back incentives to plane makers such as free product parts, Chief Financial Officer Tom Szlosek told Reuters. | READ MORE