Honeywell profit jumps on robust demand in aerospace unit

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 22, 2021

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October 22, 2021

(Reuters) – Honeywell International Inc on Friday reported a 66% jump in quarterly profit, as a rise in commercial and business air traffic spurred demand for the U.S. aero parts maker’s products and services.

Net income attributable to the U.S. industrial conglomerate rose to $1.26 billion, or $1.80 per share, in the third quarter ended Sept. 30, from $758 million, or $1.07 per share, a year earlier.

(Reporting by Kannaki Deka and Ashwini Raj in Bengaluru; Editing by Shinjini Ganguli)

Source Link Honeywell profit jumps on robust demand in aerospace unit

Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.