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Honeywell posts better-than-expected quarterly earnings

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Sales at its aerospace unit, the company’s biggest business, rise 11%

Bengaluru — Honeywell International on Thursday reported a better-than-expected quarterly earnings and raised its full-year sales and profit forecasts, riding on higher demand for aircraft parts and spares, sending its shares up 1%.

The unit provides repair and overhaul services to airlines and makes auxiliary power units, aircraft navigation equipment, wheels and brakes for Boeing and Airbus aircraft. The company also raised the bottom end of its 2019 sales outlook by $200m to $36.7bn, while reaffirming the higher end at $37.2bn.

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