Bombardier CEO says Honeywell spinoff aids supply chain
CEO Eric Martel says Honeywell spinning off its aerospace unit will create a focused supplier. He noted performance gains as industry supply chains improve.
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Bombardier Inc-A CEO Eric Martel endorsed the planned spinoff of Honeywell International Inc's aerospace unit following the planemaker's quarterly earnings report. Honeywell is divesting assets to form three independent companies focused on automation, aerospace, and advanced materials in the United States. Investors view the separation as a move to resolve supply chain bottlenecks that previously slowed engine and avionics deliveries.
