$15 Billion in New Business Wins for Honeywell Aerospace Amid Record-Setting IndiGo Deal
Honeywell Aerospace, a newly independent company, has secured approximately $15 billion in new business wins so far in 2026. This significant commercial momentum comes as the company's backlog reaches $18.2 billion.
One of the largest awards is an agreement with IndiGo for their order of 810 Airbus A320neo-family aircraft. Honeywell Aerospace will provide the flagship avionics and power systems for these aircraft, marking the largest new-aircraft-selectable equipment win in the company's history.
The company also announced that Aeromexico intends to deploy its Surface Alerts (SURF-A) runway safety technology across a fleet of more than 100 Boeing 737NG and 737 MAX aircraft. Additionally, Civitanavi Systems' ARGO 4000 inertial measurement technology has become a preferred solution for European manufacturers integrating guidance capabilities into missile programs, unmanned platforms, maritime vessels, and land vehicles.
Honeywell Aerospace's backlog increased 9% year-over-year to approximately $18.2 billion at the end of Q2. Trailing 12-month orders increased 8%, led by continued strength in Defense and Space. Second-quarter sales increased 5% to $4.52 billion, with Commercial Aftermarket remaining the company's largest end market.
The company is taking steps to address supply-chain constraints that limited output during Q2. Honeywell Aerospace is qualifying more than 50 new suppliers and expects to qualify another 50 in the second half. Supplier tooling investment is expected to increase 20% in the second half versus the first half, with approximately 70% of that spending directed toward castings.
Supply constraints prompted Honeywell Aerospace to lower its full-year organic growth outlook to 4% to 5% from 7% to 9%. Pro forma standalone adjusted EBIT guidance was reduced to $4.35 billion to $4.45 billion from $4.65 billion to $4.75 billion, although second-half free cash flow guidance remains $1 billion to $1.5 billion.