Honeywell Soars with Strong Aviation Boost, Raises Profit Forecast

Honeywell International Inc, an industrial conglomerate, reported a better-than-expected quarterly profit and raised its full-year forecasts, driven by strong performance in its aviation business. Sales in its aerospace division, which serves customers like Boeing and Airbus, increased by 16% on an organic basis in the second quarter. Honeywell raised its 2023 sales forecast and adjusted profit per share for the full year, citing increased demand for parts and services due to the faster-than-expected rebound in air travel.