Avionics, engines and controls
Honeywell Aerospace Inc.
Honeywell Aerospace sells avionics, engines and auxiliary power units, and control systems to aircraft manufacturers, operators, and defense primes, while generating recurring revenue from services and replacement parts. It pays a specialized supply base for titanium and superalloy castings and precision aerospace components, and deploys capital into acquisitions that expand its electronic warfare and sensing capabilities.
HONA Updated Sep 11, 2026 3 AI consumers· 2 recurring
Per the valuechain.wiki graph, Honeywell Aerospace Inc. is directly linked to 4 companies (0 supply, 3 revenue, 1 investment relationships) and reaches 13 companies within two hops; the links are backed by 9 dated sources, 4 of them primary filings (as of 2026-09-11).
Honeywell Aerospace Inc.FY2025 Honeywell 10-K Aerospace Technologies net sales: $17.510 billion
▸ Money outAzad Engineering Limited◐Contract value $16MAerolloy Technologies Limited◐
Financials & Segments
- Total revenue · FY2025 Honeywell 10-K Aerospace Technologies net sales: $17.510 billion
- Segments · Commercial Aviation Aftermarket · Defense and Space · Commercial Aviation Original Equipment
Revenue from
- Boeing High confidence
Boeing is a customer whose major commercial platforms, including the 737 and 777/777X, use Honeywell's mission-critical systems and technologies. The relationship is corroborated by a filing and credit research, but Boeing-specific revenue is not disclosed.Confirms EN S&P Global Ratings Published Mar 6, 2026: Research Update: Honeywell Aerospace Inc. Rated 'BBB+', Outlook Positive - Airbus High confidence
Airbus is a customer whose major commercial platforms, including the A320 and A350, use Honeywell's mission-critical systems and technologies. The relationship is corroborated by a filing and credit research, but Airbus-specific revenue is not disclosed.Confirms EN S&P Global Ratings Published Mar 6, 2026: Research Update: Honeywell Aerospace Inc. Rated 'BBB+', Outlook Positive - General Dynamics Medium confidence
Honeywell Aerospace supplies the Primus Epic avionics underpinning Gulfstream's signature Symmetry flight deck and the RE200 APU used by the G700, making avionics supply and certification timing an upstream variable for the new-model (G700/G800) delivery ramp because Gulfstream's core cockpit systems depend on Honeywell.Confirms EN Honeywell Aerospace Published Jan 1, 2025: Honeywell Primus Epic for Gulfstream Symmetry flight deck
Pays to
- Azad Engineering Limited Medium confidence· Contract value $16M · Phase-one award announced in 2024 · Phase-one value of Azad Engineering's complex-component supply order from Honeywell for aerospace and defense
Azad Engineering won an order to manufacture and supply complex precision components for Honeywell's aerospace and defense requirements. The phase-one award value is disclosed in the supplier's stock-exchange filing.Confirms EN National Stock Exchange of India Published Nov 12, 2024: Azad Engineering Q2 FY2025 Earnings Conference Call Transcript - Aerolloy Technologies Limited Medium confidence
Aerolloy supplies titanium and superalloy precision investment castings, including castings for critical engine components, under a long-term agreement for Honeywell's global aerospace programs. The contract value was not disclosed.Confirms EN PTC Industries Limited Published Dec 4, 2025: Aerolloy Technologies Signs Long-Term Agreement with Honeywell Aerospace Technologies for Titanium & Superalloy Castings
Investors
- Honeywell Technologies High confidence· Market share 1 HONA share per 2 HON shares · Spin-off distribution · Honeywell Aerospace common shares distributed per two Honeywell Technologies common shares
Honeywell Technologies was Honeywell Aerospace's 100% owner immediately before the spin-off and distributed all of its shares to existing shareholders on June 29, 2026. The distribution ratio was one Honeywell Aerospace share for every two Honeywell Technologies shares.Confirms EN Honeywell Aerospace Published Jun 29, 2026: Honeywell Aerospace Completes Spin-Off from Honeywell Technologies and Begins Trading on NasdaqConfirms KO Alpha Economy Published Jun 10, 2026: Honeywell Reaffirms 2026 Outlook Ahead of Aerospace Spin-OffMentions EN SEC EDGAR Published Feb 17, 2026: Honeywell International 2025 Form 10-K Disaggregated Revenue Table
Investments
- CAES Systems Holdings LLC High confidence· Amount $1.9B · Acquisition completed August 30, 2024 · Consideration for 100% of CAES Systems Holdings, net of cash acquired
Honeywell Aerospace acquired 100% of CAES Systems Holdings, whose systems support sensing, protection, targeting, and communications across the electromagnetic spectrum. Total consideration was $1.935 billion, net of cash acquired.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Viasat | lead2 | +36.4 | -28.9 | -11.7 | -69.6 | +304.9 | +118.6 |
| FedEx | lead2 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| Voyager Technologies | lead2 | · | · | · | · | · | +29.8 |
| United Parcel Service, Inc. | lead2 | +30 | -16.2 | -6 | -15.9 | -15.9 | +8 |
| Eutelsat Group | lead2 | +17.8 | -30.7 | -51.8 | -48.9 | +32.1 | -21.7 |
| SES S.A. | lead2 | +2.8 | +10.6 | -13 | -36 | +141.5 | -28.2 |
| General Dynamics | lead1 | +43.8 | +21.7 | +7.1 | +3.5 | +30.4 | +8.2 |
| Airbus | lead1 | +34.8 | +3.9 | +30.5 | +15 | +18.3 | +4.8 |
| Boeing | lead1 | -6 | -5.4 | +36.8 | -32.1 | +22.7 | -2.2 |
| Honeywell Aerospace Inc. | node | · | · | · | · | · | · |
| Honeywell Technologies | benef1 | -0.3 | +4.9 | +0 | +10 | -6.4 | +3.8 |
| Carrier Global Corporation | benef2 | +45.3 | -22.7 | +41.5 | +20.3 | -21.8 | +14.3 |
| Alphabet (Google) | benef2 | +65.3 | -39.1 | +58.3 | +36 | +66 | +8.3 |
| NXP Semiconductors | benef2 | +44.8 | -29.2 | +48.4 | -8 | +6.4 | +5.9 |