Tag: $Honeywell

Shares of industrial firm Honeywell International were rising early Tuesday after the company announced plans to shed a business.

Honeywell has agreed to buy aerospace and defense technology company CAES Systems for $1.9 billion from private equity firm Advent International, it said on Thursday, to give a boost to the manufacturing giant’s aerospace technologies unit.

Industrial firm Honeywell International -1.86% reported third-quarter earnings that beat estimates. Guidance was fine, too.

Oct 15 (Reuters) – Global demand for new business jets is expected to stay strong over the next decade, Honeywell (HON.O) said on Sunday, as the engine maker projected deliveries of about 8,500 new planes through 2033.

Company also says it expects third-quarter earnings per share to fall within or above prior range

Honeywell International second-quarter earnings beat Wall Street expectations and the industrial company raised full-year financial guidance. The stock, however, was down in early trading.