other material
confidence high
sentiment negative
materiality 0.85
Honeywell signs $17B Bombardier deal, cuts FY 2024 guidance
HONEYWELL INTERNATIONAL INC
- Strategic agreement with Bombardier for avionics, HTF7K engines, JetWave X satcom; $17B revenue potential over life.
- All legacy pending litigation between companies resolved.
- FY 2024 guidance cut: sales now $38.2–$38.4B (down $0.4B); adjusted EPS $9.68–$9.78 (down $0.47).
- Q4 2024 adjusted EPS guided $2.26–$2.36, down 16%–12% YoY vs prior guidance of 1%–5% growth.
- Segment margin guidance cut 80 bps to 22.6%–22.7%; free cash flow now $4.6–$4.9B.