Honeywell Lowers 2024 Outlook Following $17 Billion Bombardier Partnership

The aviation technology deal impacts near-term financials but resolves legal disputes and promises long-term revenue growth.

Honeywell revised its 2024 revenue forecast to $38.2–$38.4 billion, down from $38.6–$38.8 billion, citing investments related to its Bombardier partnership.
Adjusted earnings per share guidance was reduced to $9.68–$9.78, compared to the previous forecast of $10.15–$10.25.
The agreement with Bombardier includes providing advanced avionics, propulsion systems, and satellite communication technologies for current and future aircraft.
The partnership is projected to generate up to $17 billion in revenue over its lifetime, despite short-term financial impacts from R&D investments.
All pending litigation between Honeywell and Bombardier has been resolved, ending disputes over propulsion system pricing practices.