Honeywell CEO says ability to supply parts will determine aerospace unit’s growth
by Reuters Sep 11, 2024
Growth in Honeywell's aerospace business next year will be determined by its ability to supply parts to Boeing and Airbus, not demand, the industrial giant's CEO said at a conference on Wednesday.
Demand for aircraft parts remains strong but shortages of parts and labor persist, hobbling the industry's capacity to capitalize on an aviation boom.
On Tuesday, the chairman of another aerospace supplier RTX sounded the alarm on global supply chains in the wake of the COVID-19 pandemic and warned that finding qualified labor for in-demand jet industry production lines remains a "huge" challenge.
Reuters
Similar Stories
CPaT partners with Wizz Air, Europe’s leading ultra-low-cost airline, to enhance aviation training
View Article
Air Transat takes off to Tulum from Montreal and Quebec City
View Article
Air France KLM Martinair Cargo achieves record online sales and accelerates commercial transformation
View ArticlePreliminary U.S. imports for consumption of steel products November 2024
The U.S. Census Bureau announced today that preliminary November steel imports were $2.3 billion (1.9 million metric tons) compared to the preliminary October totals of $2.5 billion (2.2 million metric…
View Article[Freightos Weekly Update] Frontloading continues to put pressure on transpacific rates
Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December as frontloading ahead of expected tariffs is keeping vessels full.
View ArticleS&P Global: Triborough Bridge and Tunnel Authority, NY Series 2025A revenue bonds assigned ‘A+’ rating; outlook stable
S&P Global Ratings assigned its 'A+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s proposed $1.3 billion (Metropolitan Transportation Authority [MTA] Bridges and Tunnels) real estate transfer…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
