Honeywell Aerospace Supply Base Falls Short of Expectations, CEO Says
Honeywell Aerospace's CEO acknowledged that its supplier base has not ramped up production as anticipated earlier in the year, and that the timeline for corrective actions has been underestimated.
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In a conference call, the CEO of Honeywell Aerospace stated that the company's supply base has failed to ramp up in line with earlier projections.
He admitted that he underestimated how long it would take to implement and begin seeing results from the corrective measures that were put in place.
The statement highlights ongoing supply-chain headwinds for the aerospace unit. No further details were provided on the specific corrective actions or revised timelines.
Source: First Squawk