Aerospace supply chain has not healed: Honeywell CEO

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Speaking to Yahoo Finance's Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland, Honeywell (HON) CEO Vimal Kapur is eyeing the conglomerate's ""next chapter"" focused on prioritizing growth across the company in 2024. Central to Honeywell's growth strategy, Kapur says there are three macro drivers that ""have a huge impact on all of us in our daily life"": aviation, automation, and the broader energy transition. While targeting 4-7% annual growth, Kapur notes near-term headwinds still constraining aerospace include supply chain disruptions, which aren't reflective across the entire economy. However, he envisions substantial growth long-term from ""electrification"" in the aerospace industry. Kapur cits recent moves, like acquiring Carrier Global's (CARR) securities unit, are directly building on existing strengths, generating revenue and margin upside, calling it ""an extension"" of Honeywell's current business model. In closing, Kapur emphasizes Honeywell's transformation into ""a growth-oriented company,"" reallocating toward key secular trends including automation and sustainable tech. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. About Yahoo Finance: Yahoo Finance provides free stock ticker data, u

Published 2024-01-16 · Watch on YouTube ↗
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