Honeywell Aerospace
Supplying nose-to-tail aerospace systems and long-duration aftermarket support.
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Profile
Sells avionics, propulsion, power, thermal and flight-control systems to commercial, business-aviation, defense and space customers, then earns from original equipment and long-duration aftermarket support. Its broad installed base is embedded in certification-heavy, long-lived aircraft platforms.
Supplies avionics, navigation and sensing, satellite communications, electromagnetic-defense and space electronics through Electronic Solutions; propulsion engines, auxiliary power units and electrical-power systems through Engines & Power Systems; and thermal, environmental, flight-control and other aircraft systems through Control Systems. Customers span commercial air transport, business aviation, defense and space.
Builds system content into certification-heavy, long-lived aircraft platforms and supports it with spare parts, repairs, overhauls, service plans, software and retrofit work. Reusable technology, standardized processes and engineering, supply-chain and factory execution support a broad installed base across the Americas, Asia-Pacific and EMEA.
Output depends on specialized, often qualified suppliers, while government work is governed by defense budgets, procurement rules and export controls. The spin leaves transitional-service, trademark and intellectual-property agreements with Honeywell.
Company facts
Key statistics
Year to date −18.8% · Average volume (30d) 4.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Morgan Stanley | Upgrade | Equal Weight | Overweight | ||
| Aug 10, 2026 | BMO Capital | Reiterate | Outperform | $276 | $209 | |
| Aug 10, 2026 | Wells Fargo | Target | $250 | $195 | ||
| Aug 9, 2026 | Jefferies | Target | $235 | $175 | ||
| Aug 7, 2026 | Morgan Stanley | Target | $235 | $205 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $2.07 | $1.87 | −9.7% | $4.61B | $4.52B | −1.9% | −23.16% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $4.35B | $4.52B | |
| Gross profit | — | — | — | — | $1.63B | $1.58B | |
| Operating income | — | — | — | — | $815.0M | $578.0M | |
| Net income | — | — | — | — | $504.0M | $246.0M | |
| Diluted EPS | — | — | — | — | $1.59 | $0.78 | |
| Gross margin | — | — | — | — | 37.5% | 35.0% | |
| Operating margin | — | — | — | — | 18.7% | 12.8% |
Revenue by product · Q2 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $1.06B · Total debt $15.89B · Total assets $19.37B · Shareholders' equity −$5.70B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 316.94M · Float 316.87M · 100.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Vanguard Capital Management | 23.91M | 7.54% | 13G | Jul 31, 2026 |
| Geode Capital Management, LLC | 8.21M | 2.59% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 7.53M | 2.38% | 13F | Aug 13, 2026 |
| Ameriprise Financial Inc | 3.35M | 1.06% | 13F | Aug 14, 2026 |
| Sixth Street Partners Management Company, L.P. | 2.03M | 0.64% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- RTX
Broadest overlap through Collins systems and Pratt & Whitney propulsion.
- GE Aerospace
Scale leader in commercial and military propulsion and engine aftermarket.
- Parker-Hannifin
Major airframe and engine control-system supplier across OEM and aftermarket.
- L3Harris Technologies
Defense avionics, EW and space electronics contest mission-system awards.
- Garmin
General-aviation and business-jet integrated-avionics challenger.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Honeywell Aerospace | $162.40 | −0.01% | $51.46B | 68.6 | 18.9 | 5.8 | — |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| GE Aerospace | $343.00 | +0.11% | $355.45B | 40.4 | 40.7 | 7.0 | +14.6% |
| Parker-Hannifin | $996.00 | +0.11% | $125.46B | 34.9 | 28.3 | 5.8 | +9.8% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Garmin | $288.10 | +1.06% | $55.00B | 29.4 | 27.8 | 7.2 | +11.4% |
| Median | 34.9 | 28.3 | 5.8 | +11.4% |