Honeywell Aerospace Cuts Guidance Amid Ongoing Supply Chain Woes

Honeywell Aerospace has reduced its guidance due to ongoing supply chain challenges. The company cited shortages of machined, forged, and cast components as a major concern.

In an interview with FlightGlobal, Honeywell's CEO acknowledged that the recovery process was more difficult than anticipated.

The company's suppliers are struggling to meet demand, leading to delays and production issues. The situation is expected to continue affecting Honeywell's operations in the short term.