Bizjets Contribute To Honeywell's Q1 Organic Growth | Aviation International News

Bizjets Contribute To Honeywell's Q1 Organic Growth

Honeywell Aerospace's deliveries to business jet manufacturers were up along with aftermarket sales.

By Jerry Siebenmark • Senior Editor

April 22, 2019

Despite a 15 percent drop in total sales at Honeywell, organic sales in its aerospace unit grew 10 percent in the first quarter, helped by a combination of business and commercial aviation demand, the New Jersey-based company announced late last week. It marked the third consecutive quarter of double-digit organic growth—sales growth among businesses it didn’t spin off during the quarter—for the segment that supplies engines, avionics, APUs, and Internet connectivity to commercial and business aircraft manufacturers, noted chief financial officer Greg Lewis on an earnings call with analysts.

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