HON - Aerospace And Megatrends: Honeywell's Path To 10-14% Annual Returns

2024-06-07 13:10:37 ET

Summary

• I believe in a strong commercial aerospace industry, supported by Airbus' projection of 41k new passenger aircraft demand through 2024.
• Post-pandemic recovery has led to an acceleration in global traffic, particularly in long-haul flights, contributing to a better-than-expected demand environment.
• HON is in a good spot to generate elevated long-term growth, benefitting from commercial aerospace and other megatrends.
• The company also takes care of shareholders through consistent dividend growth and buybacks.

Introduction

The other day, I wrote an article on GE Aerospace ( GE ), which included my very bullish outlook on the commercial aerospace industry, supported by numbers from giants like Airbus ( EADSF ).

According to the European giant, demand for new passenger aircraft through 2024 could come in close to 41,000 units - with less than half of these planes replacing existing planes....

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