Honeywell Aerospace shares plunge 26% as supply woes trigger forecast cuts
Honeywell Aerospace shares plunged as much as 26% on Thursday after supply-chain problems prompted the company to cut its annual sales target and issue a weaker-than-expected profit forecast, Reuters reported.The stock was last down about 20% and headed for its worst session since its recent listing, if the losses held.The aerospace supplier, which began trading on the Nasdaq about a month ago following its spinoff from Honeywell, said supply constraints forced it to prioritise deliveries to Boeing and Airbus over its higher-margin aftermarket business.Honeywell Aerospace lowered its 2026 orga