Honeywell International Inc on Thursday reported a better-than-expected quarterl...
- Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised its full-year financial forecast as a boom in air travel drove demand for its aircraft parts used in the airline industry.
Higher demand for air travel is driving increased sales of parts such as avionics, braking systems and offerings for high speed internet connectivity in flights, the company said. The company has also taken advantage of a boom in e-commerce as it sees rising sales of warehouse automation equipment and software to customers such as Amazon.com Inc.
“We are definitely thinking more in the bolt-on area again. Bolt-on could be a $2 billion deal. We are not really looking to make the transformational size deal.”
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