Honeywell lost its opportunity to sell Aerospace when it had the chance and it was profitable. Don't be surprised if they spin off into multiple little companies and sell some of them. Aerospace does not fit the narrative Honeywell wants to pursue.
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Honeywell SOP has always been to sell off underperforming SBU's. I would like to finish the few years I have left at Honeywell, of course as long as it makes sense. We shall see.
Already in work and has been for a while. ASRS sold, shipping and receiving sold, HTSI sold, HTF7000 product line sold... the list goes on and on. HON is going to continue to sell off pieces to prop the stock up and leaving employees in the gutter along the way.
Surely Aero is profitable. But is it FUNCTIONAL? They can't even hardly design a new avionic instrument/box anymore, let alone support one.
Profitable through Permanent Bone-headed Austerity and continuous employee firings.
That's an MBA-thing.
Aerospace does not fit the narrative Honeywell wants to pursue.
The narrative Honeywell wants to pursue is "f--- b i t c h e s get money."