Honeywell Aerospace Stock Plummets After Revised Growth Forecast

Honeywell Aerospace Inc. (NASDAQ:HONA) stock prices plummeted by over 10% in after-hours trading on Wednesday, following a disappointing earnings report.

The company revised its organic growth forecast for 2026 to a range of 4-5%, down from the previous 7-9% projection.

This downgrade was largely due to the decline in adjusted EBIT (earnings before interest and taxes) in the Engines and Power Systems segment, which accounted for 115% of the overall net EBIT reduction.

Despite strong demand, with a backlog increase of 9% to $18.15 billion and aftermarket sales up 8%, supply chain constraints hindered production, shifting it towards Boeing Co. (NYSE:BA), Airbus SE (EPA:AIR), and domestic defense contracts with lower near-term margins.