Honeywell Aerospace Seeks Supply Chain Relief Despite Strong Demand
Honeywell Aerospace, now an independent company, is navigating supply chain challenges despite strong demand across its commercial transport, business aviation, and defense segments. According to President and Chief Executive Jim Currier, the company has invested over $1 billion in its supply base since August 2023, but more investment, faster decision-making, and tighter execution are needed.
Currier emphasized that while Honeywell Aerospace has a deep backlog and broad market exposure, output is being limited by bottlenecks at a small group of suppliers. The company's main issue is not demand, but the ability to deliver through its supply base, which includes about 70 critical or constrained suppliers, with 10 severely bottlenecked in complex machining, castings, forgings, and bearings.
Honeywell Aerospace is using direct CEO oversight, weekly supplier follow-up meetings, and capital support to unlock capacity. The company has also shifted to a more hands-on operating model, including daily tactical and strategic meetings, to address supply chain constraints.