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....
Read the full article on Seeking Alpha
For further details see:
Aerospace And Megatrends: Honeywell's Path To 10-14% Annual Returns