Honeywell to realign business segments to boost growth

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The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. Its new segments will be automation, the future of...

- Honeywell International is restructuring its business operations to three segments down from four to boost sales growth and reallocate capital, the industrial conglomerate said on Tuesday.The Charlotte, North Carolina-based company's shares were up 1.43%, at $189.17 before the bell."This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook," Chief Executive Officer Vimal Kapur said.

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