Honeywell Aerospace Cuts Full-Year Growth Guidance as Supply Constraints Dampen Second-Quarter Sales

Honeywell Aerospace has revised its full-year organic growth forecast down to 4%-5% from an earlier 7%-9% due to supply constraints impacting its second-quarter sales. The company reported a significant drop in second-quarter profit to $246 million, compared to $844 million a year ago. This quarter marks its final period as a segment of Honeywell International before its spinoff into a standalone entity focused on commercial air travel and defense industries.