What's the outlook for Aerospace once it's on its own? Growth? Are they already hiring?
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Dave Cote may waddle but he can't run
I heard Dave Kote may come back to RUN Aerospace.
Well, Jim Cuurier might not be backed by Elliott management and his alliance. We’ll see if he gets to stay, and who will be approved for the board of directors.
Remember what they said: they wanted to ‘unlock shareholder value’. It is really unlocked - and spilling out!
sell sell sell
It's a double-edged sword. Aero doesn't have the dead weight of the rest of the divisions to pull. But in the cyclical business that is aerospace, the revenue numbers can be all over the place at the end of the quarter. Honeywell's current system of running too lean in the labor department, quick layoffs after a down quarter or two, and thinking that processes can replace people won't work. That's because there isn't another company division that can make up the revenue difference. Those layoffs interrupt deliverables of programs that are 2-3 years in duration and then the company does a mad scramble to get people on board who know what they're doing. In the meantime, Honeywell tries to pull in the schedule by telling their people they have to work nights, weekends, and holidays. They make their people burnout because management made a poor decision. Honeywell Aero will need to focus beyond this quarter's revenue and bonuses for the execs if the company is going to be solvent and liquid as its own stand-alone company. Jim Currier isn't the person to do that because he's a product of Honeywell's current broken system.