HONEYWELL WILL REALIGN BUSINESS SEGMENTS TO BOOST GROWTH

Honeywell (HON.O) said on Tuesday it is realigning its business to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, while strong demand may lead to a better-than-expected profit in the current quarter.

The company, which named insider Vimal Kapur as its new CEO in March, said it would focus on three "compelling megatrends" - automation, the future of aviation and energy transition.

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