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Honeywell, Bombardier
Honeywell announces a new collaboration with Bombardier. But it’ll weigh on this year’s profit.
Shares of Honeywell International Inc. fell in extended trading Monday after the conglomerate cut its outlook for the months ahead, citing the costs of investing in a new tech-focused collaboration with jet maker Bombardier announced earlier in the day.
Honeywell Cuts Sales, Profit Outlook After Bombardier Deal
KEY TAKEAWAYS Honeywell International cut its full-year sales and earnings outlook following an aviation technology partnership the conglomerate struck with Canada's Bombardier.Honeywell said that required investments of its tie-up with the Canadian aircraft maker will affect its results and lowered its guidance for the second time since October.
Honeywell’s Investments in Bombardier Partnership Prompt Outlook Cut
Honeywell International signed a strategic agreement with Bombardier, prompting the industrial conglomerate to once again cut its guidance and its stock price to fall.
Honeywell Signs Deal With Bombardier to Offer Aviation Technology
Honeywell International Inc. HON recently entered into a collaboration with Bombardier to offer avionics, propulsion and satellite communication technologies for the latter’s existing and future aircraft.
Honeywell Lowers Full-Year Outlook Amid Bombardier Partnership Impact
Honeywell International (HON) lowered its fourth-quarter and full-year outlook as the industrial conglomerate agreed to provide aviation-related technology to Canadian aircraft manufacturer Bombardier,
1d
Honeywell to sell PPE business for $1.3B
The sale aligns with the company’s plans to exit the personal protective equipment industry and focus on automation, aviation ...
12d
Honeywell to exit PPE sector with $1.3B sale of business unit
The Charlotte-based conglomerate announced today that it reached a deal to sell its Personal Protective Equipment business to ...
13d
Honeywell Sells Face Mask Business in $1.3 Billion Cash Deal
Honeywell International Inc. agreed to sell its personal protective equipment unit for about $1.3 billion, the latest in a ...
2d
Honeywell Stock Slides After Hours On Updated 2024 Outlook
Honeywell International Inc (NASDAQ:HON) shares are trading lower in Monday's after-hours session after the company announced ...
2d
Promising Prospects for Honeywell: Buy Rating Backed by Strategic Contracts and Investor Influence
In a report released today, Gautam Khanna from TD Cowen maintained a Buy rating on Honeywell International (HON – Research Report), with a ...
1d
Honeywell International Inc. stock underperforms Tuesday when compared to competitors
This was the stock's second consecutive day of losses.
8d
Protective Industrial Products to make $1.3B acquisition
The deal, expected to close during the first half of next year, would be the Latham company's largest acquisition ever.
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