Honeywell Aerospace CEO details supply chain setbacks, revised 2026 outlook

Honeywell Aerospace CEO Jim Currier offered more detail on the supply chain problems that led the company to cut its 2026 financial forecasts in early August. Speaking at an investor conference on 9 September, Currier said the company was slow to respond to supplier difficulties after the pandemic. He named bearings and machined, cast, and forged metallic components as the main constraints on production.

The supply chain struggles have not hurt the company's ability to win orders, Currier said. The order book remains intact, and demand for its products has not declined.

The company became independent on 29 June after being spun off from its former parent. Executives initially projected an adjusted profit of $4.65–4.75 billion for 2026, with sales up 7–9 percent. On 6 August, Honeywell Aerospace lowered those expectations to an adjusted profit of $4.35–4.45 billion and sales growth of 4–5 percent, acknowledging it had underestimated the severity of supply chain issues.

Currier traced the root of the problems to the period from 2010 to 2019, when the company was part of the larger conglomerate. He said the company was too late in restructuring its organization to capture the demand that emerged as the industry recovered.