(Corrects paragraph 1 to say Honeywell is restructuring its business to focus on three broad trends, not restructuring business to three segments from four; also removes reference to new segments in paragraph 4)
Oct 10 (Reuters) – Honeywell International is restructuring its business operations to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, the company said on Tuesday.
The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel.
The Charlotte, North Carolina-based company’s shares were up 1.43%, at $189.17 before the bell.
“This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook,” Chief…
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