Honeywell Aerospace forces downtime despite $270bn market forecast

Posted on 30 Nov 2015 by Matthew Buckley
The Gulfstream business jet to which Honeywell Aerospace contributes components including auxiliary power units, cockpit systems and displays, lighting, naviagion and radios and more - image courtesy of Honeywell Aerospace.

Honeywell Aerospace has forecast that 9,200 new business jets will be delivered by manufacturers over the next decade, which it hopes will deliver a considerable windfall to the company.

The projected value of the business jets is $US270bn (£179bn) with 19% of the purchases expected to take place by the end of 2016, 17% in 2017, and 20% in 2017. Honeywell Aerospace contributes components to eight current business jet manufacturers including Airbus; Boeing; Bombardier; Dassault; Embraer; Gulfstream; Textron Aviation, and Pilatus. Honeywell Aerospace revealed its…

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