Honeywell Aerospace Sales Up

Jason Sandefur

Honeywell Inc. reported sales at its aerospace division, including fasteners, grew 6% to $11.1 billion during 2006, “driven by 10% growth in commercial and 6% growth in defense and space sales.” Segment income increasing 12.9% to $1.89 billion.
Aerospace sales during the fourth quarter of 2006 improved 8.4% to $2.95 billion, while segment profit rose 17% to $538 million.
Full-year sales increased 13% to $31.4 billion from $27.6 billion, while net income jumped 27% to $2.08 billion. Web: honeywell.com �2007 FastenerNews.com