Honeywell Aerospace CEO Says Co Supply Base Has Not Been Able To Ramp In The Manner Expected Earlier This Year; Says I Underestimated How Long It Would Take To Implement And See Traction From The Corrective Measures We Had Taken; I Underestimated How Long It Would Take To Implement And See Traction From The Corrective Measures We Had Taken; Critical And Constrained Suppliers Represent Roughly 2% Of Supply BASE, Vast Majority Suppliers Are Delivering As Expected
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Why It Matters
Honeywell's airplane parts division is having trouble getting supplies as fast as they planned, because fixing supplier problems took longer than expected. When a company can't get materials quickly, it can slow down their work, so it's worth watching if they catch up or face more delays.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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