Honeywell International Inc is evaluating the revenue potential from supplying parts to Boeing's next major aircraft programme, which is likely to be finalised by late 2019 or early next year, Chief Financial Officer Greg Lewis told Reuters.
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.
April 18 Honeywell International Inc is
evaluating the revenue potential from supplying parts to
Boeing's next major aircraft program, which is likely to be
finalized by late 2019 or early next year, Chief Financial
Officer Greg Lewis told Reuters.
Cessna business jet maker Textron Inc reported a higher-than-expected quarterly profit on Wednesday, benefiting from robust aircraft deliveries, sending its share up 1.6 percent in early trading.
* Reaffirms full-year profit outlook
(Adds analyst comment, share move)
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fuelling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL Group.
Automakers on Friday reported a decline in U.S. light vehicle sales for February as demand for SUVs slows after years of rapid growth, pointing to a drop in overall sales in 2019.
Shares of Booking Holdings Inc fell more than 10 percent in early trading on Thursday, after the U.S. online travel agency said it was seeing a sharp demand slowdown in Europe, its biggest market.
General Electric said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion (16.3 billion pounds) in the biggest strategy reversal since Lawrence Culp took over as the industrial conglomerate's chief executive in September. | Video